The city has been a magnet for millionaires and billionaires, professionals and investors that created a lot of job opportunities in the past two years
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In the City of Gold, the world’s wealthy show no sign of ending their real estate shopping spree
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The city has been a haven for ultra-high net worth individuals (UHNWIs) in the past few years, who migrated in large numbers during and after the pandemic
Miami, Dubai and Singapore boom by welcoming those chased out of rival international hubs
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Home to over 65,000 millionaires, the emirate is strengthened by economic contributions from the financial services, oil and gas, real estate, travel and tourism, technology, and healthcare industries
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The UAE is expected to attract 4,000 millionaires into its borders by the end of 2022 — the most of any country globally, a new report claims.
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Dubai’s open borders and low infection rates are drawing the wealthy, new businesses and tourists.
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There is something else happening in Dubai that is different: People are coming from further afield.
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Most of the new millionaires will stem from the transport, IT services, and consumer services sectors.
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About 35,000 high net worth individuals are thought to have migrated to the UAE in the past 20 years
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UAE keeps adding millionaires every year and chances are that you could bump into them as you go about your daily routine.
While the UAE produces overnight millionaires just about every month - thanks to lottery draws — thousands of wealthy people from around the world migrate to the UAE every year.
And that is why it may be safe to assume that, as the country’s well-heeled population constantly grows, chances are that you could bump into a millionaire as you go about your daily business.
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