Why are Dubai and the UAE becoming global wealth hubs?

Dubai and the UAE have become key destinations for high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) due to their business-friendly policies, tax incentives, and thriving sectors such as real estate, finance, technology, and tourism. With no income tax or corporate tax (for most sectors), the UAE offers an ideal environment for wealth preservation and growth. Dubai ranks among the top cities for millionaires, attracting thousands of wealthy individuals, including many from India, who seek new opportunities and a luxurious lifestyle. As the city continues to diversify and innovate, it strengthens its position as a global wealth magnet, offering strategic access to global markets, world-class amenities, and long-term residency options like the Golden Visa program.

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