More than 6,700 millionaires relocated to Dubai in 2024 alone, and projections indicate an annual influx of 6,500 UHNWIs through 2026
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billionaires
UAE holiday dates; Dubai Land Department bans landlords; Metro hikes nol card fees; Millionaire migration – 10 things you missed this week
UAE holiday dates, Dubai Land Department bans 10 landlords, Metro hikes nol card fees, millionaire migration and more of the top stories this week
billionaire in uae
Revealed: Exclusive credit cards for the ultra-wealthy in the Middle East
Unlike most credit cards, these symbols of wealth are not typical pieces of plastic. Some are crafted from precious metals, adorned with gemstones and are highly personalised to suit the lifestyles of the rich
Dubai
UAE real estate: Allsopp & Allsopp launch Dubai’s first private office for ultra-rich luxury property buyers
The new division will be exclusively for UHNWIs, offering discrete, tailored services for premium property opportunities in Dubai
High Net Worth Individuals
World’s richest now see wealth surge to record levels as stocks recover from instabilty: Report
The sharp increase in wealth among the world’s richest has intensified debates about economic inequality and the need for the super-rich to pay more taxes
High Net Worth Individuals
UK millionaires head to UAE: Richest Brits leave as cost of living crisis worsens, Dubai real estate to benefit
UAE’s relatively lower cost of living, salary benefits, economic stability and security, coupled with its rising status as an emerging global hi-tech hub are seen to attract most UK millionaires and professionals
billionaires
Billionaire ‘doomsday’ bunkers: Why are the ultra-rich buying these underground mansions?
Billionaire bunkers or doomsday bunkers are underground accommodations built to sustain unprecedented crises such a war, calamities, an outbreak of a contagious disease or even a zombie apocalypse
digital performance management
US-based software provider Eton Solutions sets up Middle East HQ in Dubai, targets growing family office market
The company’s expansion move comes amid the internal troubles in Hong Kong – historically a major global hub for family offices – said to have triggered a wide spread relocation move, with Dubai expected to emerge as the major gainer
Abu Dhabi
UAE ultra-rich, family offices to contribute $500bn to economy by 2026
The UAE economy is set for a half a trillion USD boost from the super wealthy and family offices
Brand Dubai
Why the world’s super-rich are investing in Dubai real estate
In the City of Gold, the world’s wealthy show no sign of ending their real estate shopping spree
High Net Worth Individuals
More millionaires leaving UK than Russia: Report
Australia is expected to attract the highest number of millionaires in 2023, followed by UAE, Singapore and the US
Bernard Arnault
How the world’s richest person Bernard Arnault lost over $11 billion in a day
Despite this setback, Arnault’s net worth remains substantial at $191.6 billion, according to the Bloomberg Billionaires Index
India
Saudi Arabia to lead Middle East in ultra-high-net-worth individual growth
Saudi UHNWIs, individuals with a net worth of $30 million or more, increased by 17 percent in 2022
Bernard Arnault
LVMH joins $500bn club, set to beat Tesla as world’s ninth-biggest listed company
On Monday, LVMH became the first European company to cross $500 billion in market value
Emirates NBD
UAE bank launches new services for wealthy customers with $2m balance
UAE’s Emirates NBD announces offers targeting ultra-wealthy customers
Asset Management
DIFC: Dubai attracts finance giants to $8tn wealth market
Rothschild, Nomura, EnTrust set up at Dubai International Financial Centre in wealth management boom
Elon Musk
Elon Musk $182bn largest-ever loss of personal fortune earns him Guinness World Record
Musk is also now the second richest person in the world