UAE tax rules, Dubai storm infrastructure, AI to create laws, real estate buying tips and more top news stories this week
HNWI
Latest in HNWI
HNWI
Dubai and Abu Dhabi named world’s best cities for HNWI relocations thanks to tax rules and quality of life
Dubai and Abu Dhabi top global ranking of places to relocate for high-net-worth-individuals
DIFC
Dubai hedge fund boom lifts UAE economy as region’s rich look to invest
Dubai International Financial Centre authorised 10 new hedge funds last year as rising millionaire population want to invest cash and grow wealth
DIFC
DIFC: Santander opens private banking office in Dubai as it targets share of $8tn private wealth in region
Santander Private Banking opens private wealth office in Dubai International Financial Centre
Companies in DIFC
India’s Nuvama Private launches wealth management base in Dubai
Nuvama Private targets wealthy Indian investors with Dubai International Financial Centre office
High Net Worth Individuals
UAE’s HNWI influx to drive $4.4bn in Dubai real estate investments by year’s end
Over 100 homes priced over $10 million were sold in Dubai during Q1 2024
Henley & Partners
UAE to attract 6,700 new millionaires this year with Golden Visas and zero-income tax as rich Indians, Brits and Africans plan moves
UAE is attracting more foreign millionaires than any other country thanks to policies, location and lifestyle
High Net Worth Individuals
UAE real estate market to reach highs of AED2.6 trillion by 2024: Report
The extended growth is attributed to the interest of HNWIs, specifically their demand for luxury property investment in the city
Aviation
UAE petrol prices slashed; 2025 holidays announced; World’s best airlines; Burj Khalifa property guide, Dubai super sale – 10 things you missed this week
UAE cuts petrol prices, World’s best airlines revealed, 2025 holidays announced, Dubai super sale and more of the top stories this week
Billionaire
Dubai billionaire migration: Footballers, rappers, royalty flocking to UAE trigger new breed of luxury services as ‘fashion sourcers’ enter market
A new breed of “fashion sources” enters the UAE market to cater to the exclusive needs of the rich and famous
Billionaire
DIFC: Dubai home to over 120 of world’s wealthiest families, 206 centi-millionaires and 15 billionaires
DIFC home to more than 120 families and individuals with net worth over $1tn in Dubai
Aviation
UAE rains bring Dubai to standstill; Saudi Arabia announces new visa rules; Eid holiday dates revealed; Real estate analysis- 10 things you missed this week
UAE rains bring Dubai to standstill, new Saudi visa rules, Eid Al Adha expected dates, real estate analysis and more of the biggest news stories this week
credit card
Emirates NBD announces premium credit card for the rich, offers free golf, beach club and spa access
Emirates NBD introduces premium credit card service for account holders with balance above $136,000
HNWI
New Saudi real estate visa a massive boost for investors; ultra-rich eye $2bn opportunity with high returns
Knight Frank Destination Saudi report identifies real estate opportunities for high net worth investors in the Kingdom
Dubai real estate
Luxury Dubai real estate developer debuts with $17m Palm Jumeirah villa, eyes 100 sales by 2030
25 Degrees puts first luxury property on sale in Dubai and plans to sell 100 high-end homes by 2030
Abu Dhabi
UAE National Day rules; Saudi visa exemptions; New petrol prices; Riyadh to host Expo 2030; Dubai plans ‘Vegas Island’ – 10 things you missed this week
UAE National Day 2023, Saudi visa rules, petrol prices fall, Riyadh wins Expo 2030 bid, Dubai plans Vegas-style island and more top news stories this week
billionaire in uae
New ‘Billionaire’ credit card launches for ultra-rich: Full benefits revealed
The card is strictly for high-net-worth and ultra-high-net-worth individuals upon careful selection by the team