UAE Confirmed as Top Choice for Global Wealth
- 17.04.2025
- Posted by: Uwe Hohmann
- Category: Dubai
Dubai and Abu Dhabi have secured the top spots in Savills’ new Dynamic Wealth Indices, confirming what many business owners have already witnessed on the ground: the UAE has become the destination of choice for wealthy individuals and international companies.
What Savills Report Reveals
Savills recently launched its Dynamic Wealth Indices to track where high-net-worth individuals (HNWIs) and businesses are choosing to relocate. The results show that Dubai and Abu Dhabi took first and second place in individual wealth relocation, while Abu Dhabi ranked fifth in the corporate relocation index.
The report identifies three main factors driving these location decisions: shifting global economic and political landscapes, favorable tax policies and government incentives, and quality of life considerations. These combined elements create a compelling proposition for both individuals and companies looking to relocate.
Why This Matters for Your Business
If you’re operating in the UAE or considering expansion here, this trend creates tangible opportunities:
Growing customer base: More HNWIs and international businesses mean more potential clients, especially for B2B service providers.
Real estate boom: Property values are rising significantly – Dubai’s prime residential values increased 6.8% in 2024, while prime office values grew 7% in just the final quarter of the year. If your business involves real estate or depends on property values, this upward trend is worth noting.
Transaction activity: The residential sector saw 47% more transactions year-on-year, with luxury properties (above AED 10M) experiencing a 23% increase in transactions.
What Is Driving UAE’s Strong Performance?
According to Savills’ research, the UAE’s substantial sovereign wealth funds have played a crucial role in attracting both family offices and international companies to the Emirates. This influx of businesses has created a ripple effect in the commercial real estate sector, with new companies seeking office space while simultaneously boosting demand in the luxury housing market.
The UAE’s ongoing economic diversification beyond oil has created a vibrant business environment that attracts both individual and corporate wealth. Abu Dhabi’s presence in the top five for both individual and corporate relocations highlights its balanced appeal.
Business and Lifestyle Considerations Overlap
Research notes that while government policies and tax incentives remain important, quality of life is increasingly becoming the deciding factor when wealthy individuals and businesses choose where to locate.
This explains why six locations appear in both the individual and corporate indices – businesses want access to talent, and skilled professionals prioritize quality of life. When these factors align, wealthy individuals and successful companies gravitate to the same locations.
Comprehensive UAE Business Solutions
As the UAE continues to attract global wealth, ensuring your business is properly structured will be key to capitalizing on these opportunities.
Our comprehensive services are designed to support you every step of your business journey in the UAE:
- Company Formation: We guide you through all aspects of setting up your company, whether in a free zone or on the mainland, ensuring you choose the best option for your business.
- Visa and Emirates ID Services: We streamline the process of securing visas and Emirates IDs for you and your employees, allowing you to focus on your business operations.
- Accounting: Our team ensures your business stays compliant with local financial regulations, which is crucial for maintaining good standing in Dubai’s business community.
- Tax: We help manage Dubai’s tax environment, ensuring your business remains compliant while optimizing your tax position.
- Business Consulting: Leveraging our deep understanding of Dubai’s market, we provide valuable insights and help you develop effective strategies to succeed.
Visit our services page to learn more about everything we do.
