UAE still magnet for ultra-wealthy undeterred by disruption
Old money is staying put and the flow of new wealth to the UAE has not stopped, despite naysayers arguing otherwise, citing war-driven risks and uncertainties. The Emirates' appeal to the ultra-wealthy remains firm as the benefits, beyond just the lifestyle and security, of relocating to the Arab world’s second-largest economy far outweigh potential risks, wealth managers say. Close to 10,000…
The United Arab Emirates (UAE) continues to attract affluent individuals and families, despite concerns about risks and uncertainties stemming from the ongoing conflict between the US and Iran. Wealth managers believe that the benefits of relocating to the UAE far outweigh the potential risks. Nearly 10,000 millionaires were estimated to have moved to the UAE in 2025, with more expected to follow this year.
The country's appeal lies in its stability, safety, clear tax and residency framework, and world-class connectivity. Global banks such as HSBC and Singapore's DBS are investing heavily in building their wealth offerings and are not deterred by the conflict. The UAE's position as a bridge between fast-developing eastern economies and mature Western markets, along with its progressive regulatory regimes, positions it as a leading destination for the ultra-wealthy.
Despite geopolitical tensions, the UAE remains a top choice for affluent individuals, entrepreneurs, and family offices seeking stability and connectivity for their global investments.
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