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.
LESCO Strengthens Grid System to Reduce Power Faults
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