Dubai’s luxury real estate soars as 9,800 millionaires relocate in 2025, driving record $116m sales in Palm Jumeirah and Emirates Hills
HNWIs
Latest in HNWIs
DIFC
Wealthbrix launches in DIFC to target rising demand from UAE’s next-gen millionaires and UHNWIs
Wealthbrix Capital Partners launches in DIFC to serve UAE’s booming millionaire and UHNWI population
DIFC
Dubai grants DIFC licence for Transamerica Life Bermuda as it boosts insurance for HNWI
High-net-worth insurer Transamerica Life Bermuda eyes Dubai expansion after securing DIFC licence
Artificial intelligence
New UAE tax rule; Dubai announces stormwater infrastructure; UAE approves AI law plan; Mall of the Emirates set for $1.3bn upgrade – 10 things you missed this week
UAE tax rules, Dubai storm infrastructure, AI to create laws, real estate buying tips and more top news stories this week
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
billionaires
UAE holiday dates; Dubai Land Department bans landlords; Metro hikes nol card fees; Millionaire migration – 10 things you missed this week
UAE holiday dates, Dubai Land Department bans 10 landlords, Metro hikes nol card fees, millionaire migration and more of the top stories this week
France
Millionaire migration: 21% of young and wealthy from UK, France target UAE as new home, report finds
44% of 518 millionaires surveyed want to relocate for better economic opportunities and quality of living
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
Dubai
How Dubai’s economic model attracts entrepreneurs and investors
The leadership and government of Dubai, aligned with the Federal vision, persistently strengthen its global competitiveness as both a business and lifestyle hub
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
Dubai property
US investors can supercharge Dubai’s real estate market, but the city will need to lure them in
Dubai must go out of its way to proactively engage this demographic, with policies, PR, and protections, to open up the market to US investors
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