Launched in 2013, the Golden Visa Program of Spain is estimated to have made a significant contribution to the country’s economy
wealthy individuals
Latest in wealthy individuals
ACRES Real Estate Exhibition
Millionaires flock to UAE; Sharjah slashes real estate fees; Free zone offers fast-track visas; Neymar invests in Dubai property; Black Friday bargains – 10 things you missed this week
Millionaires in the UAE, real estate promotion in Sharjah, fast-track visas at new free zone, Dubai property updates and more of the top news stories this week
Entrepreneur
EXCLUSIVE: UK seeing ‘huge millionaire exodus’ to UAE, says Diary of a CEO’s Steven Bartlett
The celebrity entrepreneur also revealed that he could be making the move to the UAE himself within the next five years
Dubai real estate
Is Dubai’s luxury real estate market ignoring middle-class potential?
A more balanced approach has emerged, where luxury coexists with a commitment to creating affordable housing solutions
Amazon
Mark Zuckerberg surpasses Jeff Bezos as world’s second-richest person with $206.2bn net worth
Zuckerberg now stands just behind Tesla and SpaceX CEO Elon Musk in the pecking order of global rich persons
Cryptocurrency
‘Feisty’ Gen Z millionaires shaking up investment world, pouring money into crypto, art
While designer goods and high-end real estate remain popular, young millionaires and billionaires are increasingly allocating significant portions of their wealth to unconventional investments and experiences
Cryogenics
Frozen billionaires: Inside the world of cryogenics and the quest for immortality
With increasing popularity and steadily rising demand, the market share of cryogenics is expected to reach $17.4 billion by 2027
billionaires
UAE-based VC Sehgal, Yusuff Ali figure in Hurun’s top 10 wealthy NRI list
With 46 individuals, the USA is the most preferred country for NRIs, followed by the UAE and the UK
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
France
Millionaire migration: 21% of young and wealthy from UK, France target UAE as new home, report finds
44% of 518 millionaires surveyed want to relocate for better economic opportunities and quality of living
billionaires
UAE poised for long-term UHNWI influx as Middle East hub status grows
This comes as millionaire migration surges globally, with the UAE experiencing a notable influx of wealthy residents
richest people
Markets meltdown: Who is the richest person in the world right now?
The global stock market sell-off, triggered by fears of a potential US recession and weak economic data, has significantly impacted the fortunes of the world’s wealthiest individuals
healthy sleep
The Swiss resort where the super-rich pay $126k a week to learn how to sleep
Despite being been referred to as the “sleepless elite”, HNWI’s are recognising the significant health benefits that quality sleep can offer
alternative investment
Gen Z are investing in luxury goods over traditional assets. But is it worth it? Experts weigh in
Gen Z investors allocate funds to luxury goods and collectibles rather than stocks and bonds, driven by social media influence and changing market perceptions – but is it a wise decision to make?
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
Dubai real estate: Record $65.5mn villa sale on Jumeirah Bay Island sets new benchmark
The 6-bedroom villa has set a new price record for the island, significantly surpassing previous sales
Cost of living for wealthy individuals
Dubai remains attractive to wealthy buyers despite rising cost of living: Report
Over half of wealthy Gulf residents surveyed by Julius Baer declared spending more on residential property in Dubai