Millionaires in Dubai are steadily increasing. Dubai isn’t just a holiday spot or a place to stop between flights anymore. In 2025, the city has become one of the top destinations where rich people are choosing to live.
Many millionaires are moving to Dubai, bringing money, businesses, and new opportunities with them. In this blog, we will discuss the numbers and the reasons why Dubai is so popular with the wealthy.
Key Takeaways
- Dubai’s millionaire population is rising fast, from around 52,000 in 2020 to over 81,000 in 2024, making it one of the world’s top wealth hubs.
- India leads the inflow of millionaires to Dubai, followed by the UK, China, and Russia.
- Tax-free income, luxury lifestyle, world-class schools, and Golden Visa options are major reasons.
Millionaires in Dubai Since 2020
Overall, the UAE had about 130,500 millionaires (in USD terms) by the end of 2024, with a significant number based in Dubai as reported by Khaleej Times.
India dominates the inflow, followed bythe UK, China, and Russia. Here is an overview of millionaire inflow to Dubai since 2020.
Millionaire Migration to Dubai/UAE Forecast
The following are some key stats related to millionaire migration to Dubai/UAE:
- The UAE is expected to attract around 9,800 millionaires in 2025, making it the top country in the world for high-net-worth individual (HNWI) migration.
- Looking ahead, global forecasts suggest that around 142,000 millionaires will move across borders in 2025. If just 5% of them choose Dubai, the city could welcome an additional 7,100 new millionaires, as estimated by PR Newswire.
Read: Different Types Of Visas To The UAE (United Arab Emirates)
Why Dubai is a Top Choice for Wealthy Families in 2025?
Dubai, one of the most important cities in the UAE, is counted among the world’s most attractive destinations for individuals and families who want safety, opportunity, and a good quality of life.
It is not just a place to live; it is a place where people can build a secure, prosperous future. Let’s dive into the reasons Dubai is a favourite among wealthy families.
- A safe, luxurious lifestyle: One of the biggest reasons people are moving to the UAE is the lifestyle. It offers a rare mix of personal safety, luxury, and world-class infrastructure. From its stunning skyline and peaceful residential communities to a vibrant cultural life, Dubai provides the perfect balance of comfort and opportunity. All of this makes it an ideal place for both personal well-being and long-term growth.
- A tax-friendly country: Another major attraction is the UAE’s tax benefits. As there is no personal income tax, your salary, investment returns and capital gains stay with you. For businesses, there is only a low 9% corporate tax on large profits. Plus, hundreds of free zones let foreigners fully own companies with no corporate tax at all. Simply put, your money is safe here and has better chances of growing faster.
- Top schools and healthcare for families: Dubai is a great place for families because it offers excellent education and healthcare. The city has many international schools that follow British, American, IB, and other global systems, giving children a strong start in life. For higher education, Dubai has branches of well-known universities that offer degrees recognised around the world. Healthcare in Dubai is also top-quality, with many trusted hospitals and clinics offering advanced treatments, from robotic surgeries to wellness care.
- Easy long-term residency options: Dubai makes long-term residency easy and accessible for families and professionals. The city offers the 10-year Golden Visa to investors, entrepreneurs, scientists, and artists, giving them peace of mind and long-term security. There are also special visa options for remote workers, skilled professionals, and retirees. The best part is that these visas allow your whole family, including adult children, to live together in Dubai, thanks to a simple and flexible visa system.
- Protecting your wealth and legacy: Dubai is also a safe and reliable place to protect and grow your wealth. The city has strong laws that help keep your assets secure from outside risks. It also offers smart, tax-friendly ways to pass your wealth on to future generations. In 2025, the UAE, including Dubai, was removed from international financial watchlists, which shows that it is a trusted and well-regulated place to manage your money.
What The Increased Millionaire Inflow Means for Dubai
Dubai is quickly becoming a top choice for millionaires and wealthy families looking for a long-term home. This is changing the city in many ways:
- Luxury property prices are going up: There has been a sharp rise in the number of luxury homes being sold in Dubai. For example, sales of properties worth over AED 10 million have nearly doubled. Moreover, the demand from wealthy buyers is pushing prices higher, especially for ultra-luxury homes.
- Boom in real estate development and investment: Developers are focusing more on long-term, high-quality projects like branded residences and legacy homes. Unlike before, most buyers today are purchasing these properties to live in and not just to resell later. This shows a change from buying just to make quick profits to buying homes to live in or keep for the long term.
- More demand for luxury services: As more wealthy people settle in Dubai, there is a growing demand for quality healthcare, private schools, luxury products, fine dining and premium services. This is boosting business growth and creating more job opportunities in these sectors.
- More money coming into the country: Reports suggest Dubai/ UAE is set to receive large inflows of wealth (billions of dollars) from millionaires moving in. This capital helps boost the economy, especially sectors like luxury real estate, finance, and high‑end retail.
- Dubai is seen as a long‑term home: It is no longer just a place for short visits or business trips. Many rich families are planning to stay for good, thanks to long-term visas (like the Golden Visa), low taxes, great infrastructure and a stable government.
- Challenges & new opportunities: The high demand is also creating some pressure. Prices and rents in luxury areas are rising fast. There may also be inflation in goods and services aimed at wealthy customers. Dubai will need smart planning and strong rules to keep growing in a sustainable way.
Conclusion
Dubai is quickly becoming one of the top places for millionaires in 2025. Wealthy individuals are moving there for tax benefits, safety, business opportunities, a luxury lifestyle and long-term stability. The data shows this is not just a short-term trend. The numbers indicate a real shift in where wealthy people want to live.
Also Read