The UAE is expected to attract 9,800 millionaires in 2025, according to the Henley Private Wealth Migration Report 2025. This positions the UAE as the top destination for high-net-worth individuals (HNWIs) for the third straight year. On average, nearly one millionaire is relocating to the country every hour.
Massive Wealth Shift Into the UAE
The total private wealth moving into the UAE in 2025 is estimated to be around $63 billion. This inflow is being driven by favorable tax policies, long-term residency options like Golden Visas, a strong legal and business environment, and modern infrastructure. The UAE, especially cities like Dubai and Abu Dhabi, continues to attract individuals looking for financial safety and growth opportunities.
UK Tops the List of Millionaire Exits
The United Kingdom is experiencing the highest outflow of millionaires, with 16,500 expected to leave in 2025 alone. This shift has been dubbed the “Millionaire Brexit.” Key reasons include the removal of the Non-Domiciled (Non-Dom) tax status, increased inheritance and capital gains taxes, and growing regulatory uncertainty.
High-Profile Departures and Rising Criticism of the UK
Prominent figures like Norwegian billionaire John Fredriksen have already left the UK, criticizing the new tax regime. Fredriksen sold his London mansion and described post-reform Britain as “hell.” Many wealthy individuals now see the UAE as a more stable and rewarding environment for preserving and growing wealth.
Dubai’s Tax-Free Model Gains Global Appeal
Dubai stands out with zero personal income tax, no capital gains or inheritance tax, and easy access to global connectivity. It offers a mix of financial freedom and a luxurious lifestyle. Investors also benefit from streamlined business setup processes, international schools, and top-tier healthcare facilities.
Millionaire Inflow Spans Across Continents
Millionaires relocating to the UAE are not only from the UK but also from India, Nigeria, South Africa, and Russia. The appeal is global, with the UAE becoming a major financial and innovation hub.
Businesses Are Following the Wealth
It’s not just individuals making the move. Family offices, hedge funds, and startups are also shifting to the UAE. Notably, BlueCrest Capital, led by Michael Platt, recently moved its operations from London to Dubai. Platt cited “unlimited opportunity” as a key reason for the decision.
UK Faces Billions in Capital Flight Risks
Experts warn that the UK’s current policies could result in over £30 billion in lost capital over the next two years. The exodus of wealthy individuals and businesses highlights growing concerns about the UK’s tax landscape and its impact on long-term economic competitiveness.
