Dubai moved into the number one position for global millionaires in 2025. It marked way New York and took the lead as the most preferred city for wealthy individuals and families. Reports from Savills and other global agencies confirm this shift. The change did not happen overnight. It is the result of many years of consistent work, careful planning and a strong focus on quality of life.

This article explains why Dubai now sits at the top. It also looks at what attracts high-net-worth buyers, how the numbers are changing, and what the investment picture may look like in 2026.

A Clear Rise in Global Wealth Moving to Dubai

Dubai has seen rapid growth in the number of wealthy residents. The city now has around 81,200 millionaires. This number has doubled over the last decade. The wider UAE holds more than 130,000 millionaires, according to major wealth reports.

Dubai also hosts more than 230 individuals with wealth above USD 100 million. These people bring companies, offices, capital and family networks. This movement of wealth shows confidence in the city’s direction.

Major banks, global consultancies and real estate analysts point to the same trend: Dubai has become a preferred home for people who want stability and strong financial systems.

Why Dubai Overtook New York

Many cities compete to attract wealthy residents. New York, London, Singapore and Hong Kong have long histories in global finance. But Dubai has done something different. It offers a mix of comfort, security and economic policy that appeals to global families today.

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Here are the main reasons Dubai now ranks above New York for the wealthy:

1. No personal income tax

This single factor plays a major role. Individuals keep more of what they earn. They do not face income tax, inheritance tax or wealth tax. This appeals to business owners, executives and investors.

2. High level of safety

Dubai is known for strong public safety. Families feel comfortable living here. People can move around with ease. This sense of safety builds trust and confidence.

3. Quality schools and healthcare

Dubai offers well-known international schools. It also has modern hospitals and clinics. Families from Europe, Asia and the Middle East choose Dubai because it provides dependable services.

4. Strong global access

Dubai sits between Asia, Africa and Europe. It offers flight access to major cities across the world. Many business travellers use Dubai as their main base. For global families, this location makes life easier.

5. A clear system for business

Setting up a company is simple. Regulations are structured. Ownership rights are secure. Investors can move capital with ease. These factors matter to wealthy individuals who operate across continents.

Dubai’s Real Estate Holds Strong Appeal

Property plays a major role in the movement of global wealth. Dubai real estate is now a serious investment category. Local and foreign buyers are active in both new and ready homes.

High-net-worth individuals prefer Dubai for several reasons:

• Modern homes with high construction standards
• Waterfront locations, tall towers and premium districts
• Long-term property ownership rights
• Good rental income potential
• A wide selection of luxury homes

Demand for houses priced above USD 10 million continues to rise. Dubai has now sold more prime homes than many long-established global cities. Several of these deals involve buyers from the U.S., Europe, India and East Asia.

Some buyers move to Dubai with their families. Others use Dubai homes for seasonal stays. Many buy properties as long-term investments.

The Role of Family Offices

Family offices are private organisations that manage the wealth of high-net-worth families. Over the last two years, many of these offices have moved to Dubai. They come for its financial rules, new structures for asset management and clear banking frameworks.

Dubai now hosts family offices from Europe, South Asia, East Asia and Africa. These offices bring skilled managers, legal teams and financial specialists. Their presence strengthens the city’s financial landscape.

Growing Interest From Asia-Pacific

The rise in global wealth has not only benefited Dubai. Cities in the Asia-Pacific region are also seeing growth. Shanghai, Bangkok and Tokyo have gained traction due to strong business growth and higher disposable income. But Dubai still attracts a larger share of international wealth because of its tax structure and clear rules.

Dubai acts as a bridge between Asia and the rest of the world. Many wealthy buyers from India, China, Singapore and Japan choose Dubai for a second home or long-term investment. This mix of capital provides stability to the market.

Why Global Investors Prefer Dubai Over Other Cities

Several major cities face pressure from rising taxes, unstable markets or slow economic growth. Dubai continues to gain because it offers:

• Simple business rules
• A welcoming approach to investors
• A safe environment for families
• Flexible visa options
• A strong reputation for long-term planning

Investors also appreciate the city’s ability to adapt. Dubai updates regulations quickly. It studies global shifts and adjusts policies when needed. This gives investors confidence that the city will remain a solid base.

Forecast for 2026: More Wealth Expected to Arrive

The movement of global wealth is likely to accelerate in 2026. Several indicators point to continued growth.

1. Rising global mobility

Analysts expect about 142,000 millionaires to move across borders this year. Dubai is one of the top destinations for this flow.

2. More families seeking stable environments

Many wealthy families are looking for cities that offer peace of mind. Dubai offers what they want: safety, comfort, strong systems and global access.

3. Strong performance of the property market

Dubai’s real estate market continues to show healthy demand. New launches attract interest from international buyers. Prime districts see steady upgrades, and waterfront zones receive high attention.

4. Business activity continues to expand

Major companies keep moving regional operations to Dubai. Technology, finance, hospitality and logistics all show fresh investment.

5. Long-term visas encourage stability

Ten-year and golden visas help families plan their future. Investors feel confident settling in the city for many years.

With all these factors, 2026 is expected to bring another wave of growth. Dubai is set to receive more families, more capital and more international companies.

Who Is Moving to Dubai?

Dubai’s new residents include:

• Business owners
• Investors with global portfolios
• Tech founders
• Real estate developers
• Professionals with senior roles
• Retired individuals with strong assets

They choose Dubai for different reasons, but they all seek a stable, well-connected base.

Key Sectors Drawing Wealth Into Dubai

A few sectors attract steady global investment:

• Real estate
• Technology
• Logistics
• Financial services
• Hospitality

These sectors provide long-term value and high growth potential. Investors see Dubai as a safe way to enter these fields.

Final Note 

Dubai’s rise to the top spot for global millionaires reflects a clear shift in global behaviour. People with significant wealth now want cities that offer stability, ease of living and clear financial rules. Dubai meets these expectations with precision.

The city has built an environment where families can settle, businesses can expand and investment can grow. With strong policy backing and a global outlook, Dubai is set for even greater movement of wealth in 2026.