Zero income tax, little red tape, access to luxury and ease of business: How Dubai became a magnet for millionaires as they flock to the city in large numbers
Published on: Aug. 24, 2025, 4:28 p.m. | Source: The Economic Times
Dubai is becoming a magnet for the world's wealthy. The UAE attracts millionaires with its zero income tax, stability, and luxury lifestyle. A golden visa scheme offers long-term residency. Many professionals are moving from countries with high taxes. Britain is expected to lose a significant number of millionaires. Dubai is now among the top cities with the most millionaires.
