Dubai Tops Savills Global Rankings as the World’s Most Accommodating City for the Wealthy
Dubai has been named the most welcoming destination for high-net-worth individuals (HNWIs) worldwide, surpassing New York to take the top spot in Savills’ 2025 global rankings. The emirate’s rise is attributed to its tax-free environment, robust family infrastructure, and exceptional security standards—qualities that have made it a magnet for the world’s affluent families and investors.
According to the Savills Plc report, Dubai’s unparalleled appeal is driven by its zero inheritance, capital gains, and wealth taxes. Combined with its family-friendly lifestyle and advanced business ecosystem, the city stands as a symbol of stability and opportunity for global wealth holders seeking both financial freedom and lifestyle quality.
A Global Magnet for High-Net-Worth Families
Dubai’s family-oriented infrastructure plays a major role in attracting wealthy residents. The city hosts the highest number of international schools among all destinations in the Savills index—many with long waiting lists as expatriate families relocate to the UAE. This growth underscores the emirate’s transformation into a long-term residential destination rather than a temporary investment hub.
In addition to education, Dubai offers unmatched security and access to luxury amenities, from waterfront communities like Palm Jumeirah and Downtown Dubai to business districts such as Business Bay. These factors reinforce its reputation as a safe, stable, and globally connected city ideal for both families and entrepreneurs.
Tax Advantages and Pro-Business Climate
The report highlights that Dubai’s policy framework continues to outperform traditional Western markets. The UAE’s Golden Visa program, offering a renewable 10-year residency for a minimum property or capital investment of AED 2 million (approx. USD 544,550), has significantly contributed to the influx of global elites. By combining residency stability with tax advantages, the program has positioned Dubai as one of the most strategic investment and relocation destinations in the world.
Beyond taxation, the emirate’s pro-business ecosystem—bolstered by free zones like DIFC and Dubai Maritime City—continues to attract multinational corporations, startups, and private investors. The city’s emphasis on innovation, digital infrastructure, and economic diversification under the Dubai Economic Agenda D33 has cemented its position as a global capital for trade and investment.
Global Shifts in Wealth Migration
According to Savills, global wealth is rebounding after a brief contraction in 2022, with over 680,000 new millionaires emerging in 2024 and projections of more than five million additional HNWIs by 2029. The Asia-Pacific region is leading this resurgence, but Dubai’s strategic location and international connectivity make it the key bridge between East and West for wealth migration and investment flows.
Interestingly, the report notes a “pivot away from traditional financial centers” like London and Hong Kong toward more dynamic, tech-enabled cities. While London continues to excel in lifestyle appeal, its restrictive tax regime and inheritance policies have diminished its attractiveness for older wealthy buyers. In contrast, the Middle East—particularly Dubai—benefits from its near absence of estate and inheritance taxation, making it a haven for intergenerational wealth preservation.
Dubai and New York Lead a New Global Era
Dubai and New York emerged as the two top-ranked cities for global wealth migration in the Savills index, reflecting their shared traits of tax efficiency, safety, and strong business environments. Yet Dubai distinguishes itself with its rapid urban growth, investor-friendly visa policies, and unmatched blend of luxury and livability. From elite neighborhoods such as Emirates Hills to waterfront icons like Dubai Marina, the city continues to attract a new generation of global citizens looking for prosperity, privacy, and permanence.
As global wealth trends evolve, Dubai’s model of low taxation, investor inclusivity, and family-centric urban design sets a benchmark for cities worldwide—solidifying its position not just as a financial hub, but as the world’s foremost destination for the affluent seeking stability and growth.
