Dubai Crowned No.1 City for Millionaires

According to Savills Plc, Dubai has officially overtaken New York as the world’s leading city for wealthy residents. The ranking highlights Dubai’s strong appeal among high-net-worth individuals (HNWIs), driven by its zero income, inheritance, capital gains, and wealth taxes. The city also offers exceptional safety, modern infrastructure, family-friendly communities, and a luxurious lifestyle, making it a preferred destination for global elites. Experts say the shift reflects how the ultra-rich now prioritize tax efficiency, security, and business-friendly regulations over traditional financial centers. Dubai’s rise cements its position as a global hub for investment, entrepreneurship, and luxury living, reinforcing its reputation as one of the most attractive cities for international wealth migration.