A Closer Look: UAE retains title as world's top millionaire magnet


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In A Closer Look, The National provides an in-depth take on one of the main stories of the week

The UAE is once again set to be the world's top magnet for wealth.

A record 6,700 millionaires are expected to move to the Emirates this year alone, according to recent analysis.

It's the third year in a row that the UAE has topped the list, due to the lifestyle on offer, as well as the growth potential for businesses.

The tax environment and the impact of the golden visa are also important factors luring the wealthy to the Emirates.

Here, host Greg Tanner talks to The National's Aarti Nagraj about the countries that are attracting and losing the most millionaires, and the reasons for it.

Read more

UAE retains position as world's top wealth magnet for third year

Dubai ranked Middle East's wealthiest city with 72,500 millionaires

How to live like a millionaire in the UAE – in pictures

  • It costs at least Dh10,000 ($2,720) to rent a small yacht for seven to eight people, including food and drink. Bloomberg
    It costs at least Dh10,000 ($2,720) to rent a small yacht for seven to eight people, including food and drink. Bloomberg
  • A private helicopter ride for four people between Dubai and Abu Dhabi costs Dh35,000 on average, according to booking platform Online-Dubai. Photo: Alpha Tours
    A private helicopter ride for four people between Dubai and Abu Dhabi costs Dh35,000 on average, according to booking platform Online-Dubai. Photo: Alpha Tours
  • You can go skydiving in Dubai for between Dh1,800 and D1,900. Photo: Skydive Dubai
    You can go skydiving in Dubai for between Dh1,800 and D1,900. Photo: Skydive Dubai
  • It costs around Dh100,000 to charter a private eight-seater flight one way to Mumbai, according to bnbme Holiday Homes. Getty Images
    It costs around Dh100,000 to charter a private eight-seater flight one way to Mumbai, according to bnbme Holiday Homes. Getty Images
  • Those with an ultra-high net worth are willing to spend money on hiring specialists to avoid the inconveniences of daily life. Getty Images
    Those with an ultra-high net worth are willing to spend money on hiring specialists to avoid the inconveniences of daily life. Getty Images
  • You can hire limousine airport pickups for Dh600, but the service needs to be booked for a minimum of four hours. Getty Images
    You can hire limousine airport pickups for Dh600, but the service needs to be booked for a minimum of four hours. Getty Images
Updated: June 22, 2024, 3:54 AM
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