Islamabad: The United Arab Emirates (UAE) is still the world’s leading destination for millionaires, driven by generous tax policies that include zero income, capital gains and heritage taxes. These incentives have made UAE a top choice for individuals with high net worth (HNWIs), especially from countries with wealth taxes, such as several in the European Union.
From the end of 2024, UAE is home to over 130,000 millionaires, including 325 Centi-Millionaires and 28 billionaires, with the total private wealth estimated at $ 785 billion. Dubai International Financial Center (DIFC) alone overseeing $ 450 billion in private assets, while Abu Dhabi’s ADGM hosts hundreds of global funds and wealth managers.
In the year 2024, approx. 6,700-7,200 millionaires to UAE and brought an estimated $ 7 billion in fresh capital. However, per. Khaleej TimesThe UAE is expected to attract the highest number of individuals with high net worth in 2025, with more than 9,800 moving to the Emirates.
According to the latest scenario, a new analysis from Dubai Chamber of Commerce has, according to Gulf News, revealed that Indian-owned companies topped the list of non-emirati companies joining the chamber of Qi 2025.
A total of 4,543 new members from India joined during the three -month period, representing growth from the previous year (YOY) of 4.4% and underlying the important economic role that Indian companies played as Dubai’s largest foreign business.
Pakistan followed second place with 2,154 new companies that registered as members of the chamber during the first quarter of the year, and 1,362 new Egyptian companies joined the chamber and placed the country third among the best nationalities in new businesses.
According to Henley & Partners’ survey released by the International Investment Migration Advisory Council Company Henley & Partners and the global wealth company in wealth new world wealth is estimated to attract $ 63 billion (DH231 billion) in wealth due to migration of millionaires in 2025.
Millionaire migration to UAE doubled almost from 98% in 2014 to 2024, it said. “UAE retains its crown as the world’s leading wealth magnet with a record net influx of over 9,800 moving millionaires expected this year – over 2,000 more than the United States in second,” the global residence and citizenship company said.
The number of millionaires with assets of over $ 1 million in the UAE is expected to rise to 130,500, while the population of Centi-Millionaires with assets exceeding $ 100 million is expected to reach 325. The UAE will be home for 28 billionaires.
As many as 17,000 Pakistani players have purchased 23,000 properties worth $ 11 billion in Dubai in 2024. Pakistani Holdings is the second largest nationality investment in Dubai after Indians. By 2025, the total property owned by Pakistanis will be appreciated at around DKK 10.6 billion. Dollars.
About 47,000 Pakistani owned companies are registered in UAE, including 8,000 new ones, founded in just one year. Pakistan ranked among the best sources of HNWIs that migrated to UAE – some of the expected 4,500 new millionaire migrants in 2023.
The data also reveals that by 2022 India lost about 8,000 millionaires globally, with UAE getting about 4,000 of them. Indian millionaires are migrated to UAE in the waves of 4,000-8,000 annual driven by tax-free living, light business setup and lifestyle.
Although not counted, Pakistani Hnwier, not counting, are major investors in UAE property and businesses and have joined similar migration trends for reasons for financial stability and investment options.
In 2023, Henley reported India would lose 6,500 HNWIs, which primarily migrated to destinations such as Dubai and Singapore. By 2024, an estimated 4,300 Indian millionaires moved with 31% of UAE’s 7,200 new HNWIs originating from India.
It said the golden visa options have also “reinforced UAE’s position as one of the world’s most sought after wealth.” Globally, a record 142,000 millionaires are expected to move internationally this year, with the United Kingdom expected to see the largest net outflow of individuals with high net value (HNWIs) of any country in the last 10 years.
The study noted that the United Kingdom is expected to lose a staggering 16,500 millionaires in the 2025-more than twice the expected 7,800 net outflow from China, which is ranked second this year after topping the millionaire-taber-Leaderboard every year in the last decade.
