Dubai, UAE – Dubai has been named the world’s top destination for global millionaire migration in 2024, with projections indicating that more than 5,200 high-net-worth individuals (HNWIs) will relocate to the city by year’s end.

This growing trend is driven by Dubai’s unique combination of tax-free income, high-end infrastructure, and cosmopolitan lifestyle, which continue to attract affluent individuals from across Europe, Asia, and Africa. The city’s political stability and safe environment further strengthen its position as a preferred relocation hub for the wealthy.

Dubai’s appeal is also supported by long-term residency options, improved property regulations, and ease of doing business — all of which are designed to welcome foreign investors and professionals seeking both lifestyle and financial security.

Real estate remains a key draw, with increasing interest in luxury properties across prime waterfront and urban communities. Demand is especially high in areas offering panoramic views, integrated amenities, and strong capital appreciation potential.

The city’s rise reflects a broader global shift, where millionaires are moving away from high-tax economies in favor of future-focused destinations that offer greater flexibility, security, and investment potential.

As this trend continues, Dubai is expected to solidify its role not only as a financial hub but also as one of the world’s most desirable places to live for the globally mobile elite.