
Dubai is one of the world’s most significant real estate and lifestyle destinations. In a landmark study by a global property consultancy, the emirate has been officially ranked the best global rich city, surpassing New York and 28 other major cities in attracting high-net-worth individuals (HNWIs).
This recognition is more than another headline. It reflects Dubai’s rising influence as a secure, tax-friendly, future-ready city and directly impacts real estate opportunities for end users, investors, sellers, and first-time buyers.
Why Dubai Is Now the World’s Most Attractive City

According to a new report, 30 global destinations were considered, and Dubai was found to be the most welcoming city for the world’s elite. Several factors explain this surge in global demand:
Tax-Free Advantage, That Few Cities Can Only Match
Dubai offers one of the most favourable tax environments globally, including:
- 0% capital gains tax
- 0% inheritance tax
- 0% wealth tax
This allows wealthy individuals and families to maintain and grow their wealth more efficiently than in traditional financial centres such as London, Hong Kong, or Paris.
World-Class Family Infrastructure
Dubai has the highest number of international schools in the world, with waiting lists growing as more global families relocate.
This makes the city a prime destination for those seeking high-quality education, diverse curriculums, and stability for their children. For families planning long-term relocation, Dubai ranks higher than nearly every major global hub.
Safety and Lifestyle Appeal
Dubai’s security levels, lifestyle, healthcare standards, and leisure infrastructure make it an ideal environment for wealthy families. Its combination of safety and luxury is one of the strongest pull factors for global HNWIs.
Growth of Global Wealth Fuels Demand for Dubai Real Estate

The global wealthy population is expanding quickly.
- Over 680,000 new USD millionaires were created in 2024, a 1.2% rise.
- More than 5 million additional millionaires are expected by 2029.
As wealth grows globally, investors are becoming more selective about where they choose to live, invest, and secure long-term residency. Dubai’s pro-business environment, strong currency, and tax-efficient policies are attracting this new wave of affluent buyers.
The UAE’s Golden Visa Continues to Drive High-Value Relocations
One of the most powerful incentives attracting global wealth is the UAE’s 10-year Golden Visa. A residency permit with minimal tax obligations.
Foreign investors can qualify by investing AED 2 million in real estate, making Dubai one of the most accessible global hubs for long-term residency through property ownership.
For investors, this means:
- Long-term residency benefits
- Strong asset appreciation
- A stable and secure investment environment
The Golden Visa plays a major role in Dubai’s rise as a global magnet for HNWIs.
The Shift Away From Traditional Financial Hubs

The world’s wealthy are moving away from old financial centres and into tech-enabled, high-growth cities. Cities like Shenzhen and Bengaluru recorded triple-digit growth in millionaire populations over the past decade. Meanwhile, Asian hubs such as Shanghai, Bangkok, and Tokyo benefited from rapid regional economic expansion. Dubai stands out in this new global landscape by combining the strengths of both worlds: tech innovation, economic growth, business stability, and a traditional city lifestyle.
Why London and Other Mature Cities Are Losing Appeal
Inheritance tax has become one of the biggest factors influencing where older, wealthy individuals choose to buy property.
London, traditionally a favourite among affluent families, has experienced reduced demand due to changes in its financial landscape and tax structure. While the city still ranks high for lifestyle, its appeal has weakened among older investors and families seeking long-term stability and tax efficiency.
By comparison:
- The US offers higher thresholds
- The Middle East, especially the UAE, has no inheritance tax at all
This positions Dubai as a far more favourable option for wealth preservation.
What This Means for Dubai’s Real Estate Market

Dubai’s rise as the world’s most attractive rich city creates powerful opportunities across the real estate sector. Whether you are an end user, investor, or first-time buyer, here’s why the outlook is positive:
1. Strong Demand Across Prime and Luxury Segments
With high-net-worth individuals relocating, communities like Palm Jumeirah, Emirates Hills, Dubai Hills, and Jumeirah Bay Island continue to see strong demand and premium pricing.
2. Rising Interest in Family-Friendly Communities
Areas with top schools, parks, and amenities, such as Arabian Ranches, The Springs, and JVC, remain highly attractive to global families.
3. Continued Growth in Off-Plan Investments
Developers are launching high-quality, lifestyle-driven projects that appeal to wealthy relocators seeking brand-new homes and modern amenities.
4. Long-Term Market Stability
Dubai’s economic policies, residency pathways, and tax benefits support sustained, stable real estate growth.
Who Benefits Most From Dubai’s Global Ranking?
- End Users: Enjoy a stable, secure, and well-planned city designed for long-term living.
- First-Time Buyers: Benefit from strong appreciation potential and accessible investment entry points.
- Investors: Gain exposure to one of the world’s most resilient and future-focused real estate markets.
- Sellers: Attract a growing pool of wealthy international buyers seeking relocation properties.
Dubai’s ranking is not just a recognition; it’s a signal that demand, long-term interest, and global credibility are strong and rising.
Conclusion
Dubai’s position as the world’s best global rich city reflects its economic strength, visionary leadership, and appeal. As more wealthy individuals relocate, invest, and build long-term lives here, the real estate market will continue evolving with confidence and stability.
Whether you are exploring your first property purchase or expanding your investment portfolio, now is the right time to take advantage of Dubai’s momentum.
At Luxliving Real Estate, we provide expert guidance, premium listings, and up-to-date market updates to help you make informed decisions in one of the world’s most dynamic property markets. Visit our website and read our latest blogs to stay ahead of Dubai’s evolving real estate market.













































