The UAE is projected to attract a record 6,700 millionaires by the end of 2024, nearly double the 3,800 expected in the USA according to the Henley report.
The UAE is poised to become the world's top destination for wealthy individuals for the third consecutive year.
This migration trend is partly due to rising taxes in countries like the U.K., where the millionaire population is projected to decrease by 17% by 2028.
Dubai's appeal includes zero income tax, safety and recent visa reforms attracting millionaires primarily from India along with Russia and Europe.
Dubai attracts the wealthy with its modern infrastructure, international schools, low crime, no income tax, remote worker visa and investment incentives all contributing to its appeal.
UAE has become the dream destination for many affluent people around the world and it is rated as the second safest country in the world.
Moreover, there is nothing less for entertainment in this place and the world's top casinos Wynn and MGM are venturing into this gulf nation.
Wealth flows in here and the wealthy perch on this opulent branch of the gulf tree.