Dubai’s Centi-Millionaires Set to Double by 2035 — Here’s Why

According to the 2025 World’s Wealthiest Cities Report by Henley & Partners and New World Wealth:

📊 Dubai now ranks 18th globally
💵 Home to 81,200 millionaires, 237 centi-millionaires, and 20 billionaires
🚀 Millionaire population growth: 102%, outpacing even Silicon Valley

🔑 What’s Fueling Dubai’s Wealth Boom?

✅ Zero income & capital gains taxes
✅ World-class infrastructure
✅ Luxury lifestyle & safety
✅ Strategic geographic location
✅ Visionary economic reforms

In 2024 alone, 7,200 new millionaires migrated to the UAE — nearly double the figure from 2023. Experts cite a mix of business-friendly regulations, political stability, and unmatched lifestyle perks as top drivers.

🏡 Real Estate: The Preferred Asset

Dubai’s luxury property market is booming. From waterfront villas to branded residences, high-net-worth individuals are investing big, confident in the city’s future.

Abu Dhabi isn’t far behind, expecting its 75 centi-millionaires to double by 2035. Together, the UAE is asserting its dominance as a regional financial powerhouse.

🌐 Global Trends

While Dubai rises, cities like London and Moscow are seeing negative millionaire growth. In contrast, Shenzhen, Bengaluru, and Hangzhou are becoming the next wealth magnets — but none combine freedom, luxury, and tax benefits quite like Dubai.

📣 Experts Weigh In

"Cities like Dubai, blending investment freedom with lifestyle dividends, are leading the race for mobile capital."
— Juerg Steffen, CEO, Henley & Partners

"Centi-millionaires want diversification and opportunity — Dubai offers both."
— Dominic Volek, Group Head, Henley & Partners

🔮 What’s Next?

With projections showing Dubai’s centi-millionaire population doubling by 2035, the city is not just a destination — it's becoming the future capital of global wealth.