Global Millionaire Migration to the United Arab Emirates: 2025 Trends

Global millionaire migration is reaching record highs, according to a recent wealth migration report. The report, which observes wealth migration trends, revealed that 128,000 high-net-worth individuals (HNWIs) were expected to relocate in 2024, and an additional 135,000 HNWIs have been forecasted for 2025.

Notably, the report's criteria only consider those who have relocated and remained in their new country for more than six months.

The most significant millionaire losses occurred in China, the United Kingdom, and India, respectively. According to the report, China will lose 15,200 millionaires in 2025. Following this is the UK millionaire exodus, which is expected to result in a net loss of 9,500 millionaires, more than twice the numbers from 2024, as a result of shifting tax laws and political unpredictability. Finally, India's migration of millionaires is expected to reduce to only 4,300.

Other countries with notable projected losses of millionaires are South Korea (1,200), Russia (1,000), Brazil (800), and South Africa (600).

The UAE reigns as the top global destination among countries attracting millionaires. According to the report, the volume for high-net-worth individual migration to the UAE will reach up to 6,700—boosted by migrations from the UK and Europe.

Alongside the UAE millionaire influx, the other notable countries attracting millionaires include the United States (3,800), Singapore (3,500), Canada (3,200), and Australia (2,500).

The report noted several key reasons for the millionaire migration:

• The United Kingdom’s Wealth Migration: Rising taxes and political instability post-Brexit have lowered its attractiveness.
• The India and China Wealth Migration: India and China's economic success in creating new wealth has resulted in the loss of millionaires, while China's slowdown may have an impact on long-term trends.
• The UAE Millionaire Influx: Due to its strategic location, 0% income tax, and business-friendly legislation, the UAE continues to be one of the world's top millionaire markets.
• Europe's Safe Haven 8 Attractiveness: These countries, which include Italy, Switzerland, Greece, and Portugal, continue to attract millionaires through their investment migration programs.

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