DUBAIUAE, Nov. 12, 2022 /PRNewswire/ — Millionaires around the world are flocking into Dubai in increasing numbers, making it the 29th most popular city for High-net-worth-individuals (HNWI). While countries such as the United Kingdom, Chinaand India are losing wealthy people, Dubai is expecting about a 4% increase in millionaires by the end of this year – four times the number of millionaires it attracted pre-pandemic.
The UAE has cemented its place as a top destination for the rich for multiple reasons. One is the high level of financial and personal privacy the country offers its inhabitants compared to most countries.
Not only has the UAE become a cryptocurrency hub in the MENA region, it also possesses a vigorous economy, solid diplomatic relations, peace, and safety. Due to its strategic location and excellent infrastructure, the UAE provides a large spectrum of business opportunities attracting many professionals and entrepreneurs.
All of these, combined with the allure of living in Dubaione of the world’s leading cities and home to a magnificent array of architecture and various cultural outlets, has made the UAE in general, and Dubaiin particular, a magnet for those looking to maximize their wealth and enjoy it in a sunny environment.
Other reasons include a first-class healthcare system and an elite lifestyle with luxury apartments, shopping malls, and restaurants. For the wealthy who have children, the country offers vast leisure activities, …