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International

Dubai is emerging as the top destination for billionaires

Dubai is emerging as the top destination for billionaires
General view of Burj Khalifa and downtown skyline in Dubai, United Arab Emirates.— Reuters
General view of Burj Khalifa and downtown skyline in Dubai, United Arab Emirates.— Reuters

DUBAI: Dubai has become one of the world’s top destinations for billionaires, with global wealth set to reach $15.8 trillion in 2025, according to the latest Billionaire Aspirations Report 2025.

The report is published annually by UBS — a major Swiss financial institution known internationally for managing the wealth of the world’s richest families and tracking global billionaire trends.

The report explained that more wealthy families are moving than ever before, mainly because of security, business opportunities, tax benefits and a higher quality of life.

The study shows that 36% of the world’s billionaires have already moved from their home country at least once, with Dubai, Singapore, London and New York emerging as their preferred destinations.

According to the report, the UAE – especially Dubai – has become a key hub for global wealth, attracting high-net-worth individuals from Pakistan, India, Europe and across Asia.

Experts say Dubai’s tax-free system, stable governance, strong economy and international lifestyle make it one of the most attractive places for the world’s wealthy to secure their future.

The study also highlights an important change: female billionaires grew their wealth at twice the rate of male billionaires in 2025. Simply put, this means that while male billionaires saw their wealth grow by about 3%, women saw an increase of more than 8%.

The study noted that women have more confidently invested in technology, finance and new businesses, allowing them to expand their wealth more quickly.

Another important finding is the sharp increase in heritability. In 2025, wealthy families passed on a record $297.8 billion to their children—the largest transfer of wealth ever recorded. Many young heirs choose the UAE as their base, attracted by its business-friendly rules and global connectivity.

Self-made billionaires also added $386.5 billion to global wealth this year, with strong growth in the United States, Asia-Pacific and the Middle East — including the UAE and Saudi Arabia.

The study predicts that the world’s wealthiest families will pass nearly $7 trillion to the next generation by 2040, a shift that is expected to further increase the movement of wealthy individuals to stable financial hubs such as Dubai.

Experts say the UAE’s rise as a global wealth magnet underscores its growing importance in the international financial landscape – especially for wealthy investors from Pakistan and other developing countries seeking stability and long-term security.



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