City Attracts Record Number of Millionaires: Consultancy Predicts 9,800 New Rich Moving in 2025 to Enjoy a Tax-Free Luxury Life

Written by Bruno Teles

Published on 24/08/2025 at 11:21

Dubai atrai número recorde de milionários em 2025: consultoria prevê chegada de 9.800 ricos, superando qualquer outro país do mundo

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Dubai Attracts Record Number Of Millionaires Due To Absence Of Taxes And Luxurious Lifestyle. Consulting Firm Predicts That 9,800 Rich Individuals Will Migrate To The United Arab Emirates In 2025, Solidifying Dubai As A Global Wealth Hub.

The news that Dubai attracts a record number of millionaires due to the absence of taxes confirms a global trend: the search for destinations that offer tax advantages and quality of life. In 2025, according to Henley & Partners’ estimate, the United Arab Emirates is expected to receive 9,800 new millionaires, more than any other country in the world.

This phenomenon is not limited to the absence of income tax. The city combines political stability, low crime rates, affordable luxury, and a dynamic business environment, attracting both traditional heirs and rising digital entrepreneurs.

Why Dubai Became The Preferred Destination For Millionaires

The city of 3.5 million inhabitants — with 90% expatriates — has become a reference for normalizing ostentation. Wealth consultants point out that, in Western countries, many rich individuals face tax pressure and social stigma, while in Dubai the accumulation of wealth is seen as something natural.

ARTICLE CONTINUES BELOW

The High-End Real Estate Boom

Another central factor is the luxury real estate market, which sets records year after year. In 2024, 435 residences above US$ 10 million were sold, surpassing New York and London combined, according to Knight Frank.

With iconic skyscrapers, artificial islands, and projects like “The Heart of Europe,” featuring floating resorts and chalets, Dubai has transformed into a playground for ultra-wealthy investors. For perspective, while in Monaco a US$ 100 million apartment is the market limit, in Dubai that amount can buy an entire building.

Advantages And Criticisms Of The Model

Among the advantages pointed out by experts are:

Absence of taxes on income and capital gains.
Flexible regulatory environment for starting businesses.
Very low crime rates.
Luxurious lifestyle, with access to brands, hotels, and unique experiences.

On the other hand, NGOs like Human Rights Watch point out the inequality between millionaires and low-income foreign workers, who make up a large part of the local workforce and face precarious conditions.

Global Impacts Of The Migration Of Fortunes

The exodus of millionaires has direct repercussions in other countries. The United Kingdom alone is expected to lose 16,500 rich individuals in 2025, according to Henley & Partners, while Dubai continues to expand its financial elite. The UAE government, pressured by international entities, has intensified measures against money laundering and improved cooperation with other countries, following criticism received in 2022.

The combination of tax exemption, stability, and luxury has transformed Dubai into the epicenter of global mobility for millionaires. The record expected for 2025 shows how the emirate redefines the concept of a financial and social paradise.

And you, do you believe that this movement of millionaires to Dubai could widen global inequalities or represents just a new natural configuration of the world economy? Leave your opinion in the comments.

4 Comments

most recent

older Most voted

José do Carmo Barbosa farias

#161804

25/08/2025 20:01

Parabéns pra todos eles, se são milionários sem roubar ….como viver e onde viver é opcional e direito deles.

Respond

Sandro Batista De Sa Batista De Sa(@sanbdesaa310)

#161691

Member

25/08/2025 16:47

Trabalharam muito pra serem milionários merecem

Respond

Mariano Lopes da Silva

#161400

25/08/2025 06:36

Já mais vai acabar a desigualdade, pelo o contrário vai aumentar, a própria reportagem já está falando…

-2

Respond

City Attracts Record Number of Millionaires: Consultancy Predicts 9,800 New Rich Moving in 2025 to Enjoy a Tax-Free Luxury Life

Dubai Attracts Record Number Of Millionaires Due To Absence Of Taxes And Luxurious Lifestyle. Consulting Firm Predicts That 9,800 Rich Individuals Will Migrate To The United Arab Emirates In 2025, Solidifying Dubai As A Global Wealth Hub.

Why Dubai Became The Preferred Destination For Millionaires

The High-End Real Estate Boom

Advantages And Criticisms Of The Model

Global Impacts Of The Migration Of Fortunes

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City Attracts Record Number of Millionaires: Consultancy Predicts 9,800 New Rich Moving in 2025 to Enjoy a Tax-Free Luxury Life

Dubai Attracts Record Number Of Millionaires Due To Absence Of Taxes And Luxurious Lifestyle. Consulting Firm Predicts That 9,800 Rich Individuals Will Migrate To The United Arab Emirates In 2025, Solidifying Dubai As A Global Wealth Hub.

Why Dubai Became The Preferred Destination For Millionaires

The High-End Real Estate Boom

Advantages And Criticisms Of The Model

Global Impacts Of The Migration Of Fortunes

Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

A giant brown band visible from space, approximately 8,850 kilometers long, connected Africa to America in the Atlantic Ocean, and satellites revealed that it is neither land nor pollution, but the largest accumulation of seaweed in the world, which broke records in 2025.

Workers were opening a modern road in Dover when they found, 6 meters below the asphalt, a 3,500-year-old boat made of stitched oak and plant fibers.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

In just one cast, fishermen are surprised to capture 14,096 mullets in Bombinhas and close a historic season with 58,000 fish; scene recorded in the Santa Catarina paradise marks the last day of the 2026 season.

Consumers eat six times more chicken than in the 1960s, global meat supply quadruples in 60 years, and FAO report reveals the invisible cost on the plate: livestock could drive 80% of the increase in agricultural emissions over the next decade.

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