Dubai continues its ascent as a global wealth destination since it attracted 81,000 millionaires among 237 centi-millionaires and 20 billionaires according to the World’s Wealthiest Cities Report 2025 by Henley & Partners and New World Wealth.
According to the report Dubai experienced a remarkable 102% increase in its millionaire numbers from 2014 to 2024 which places it among the fastest-growing locations worldwide. The increased number of wealthy residents has elevated Dubai to 18th position among global wealth rankings thus cementing its position as a top financial marketplace.
The number of centi-millionaires in Dubai is expected to increase by 100% before 2035 according to projections. The city continues expanding due to its tax-free status combined with its outstanding geolocation and enhanced attraction to worldwide investors and business founders.
Private customers like high-net-worth individuals now dedicate the same attention to choosing their home city as they do when making investment decisions according to Dominic Volek who serves as Group Head of Private Clients at Henley & Partners. Dubai attracts wealth migration from across the globe because it provides both secure conditions and affluent business prospects.
The ascent of Dubai follows an emerging pattern throughout the wider region. The World Wealth Report lists Abu Dhabi among the regions that will experience the fastest growth in wealth centers during the coming ten years. Warmer areas like the Bay Area and New York City stand as premier destinations for millionaires since they hold 384,500 and 342,400 respectively.
Of the leading top 50 cities only London together with Moscow demonstrated a decrease in their millionaire population within the previous decade.
The combination of superior financial infrastructure with economic diversification and luxurious living standards ensures Dubai will continue to expand its wealth landscape which underlines its rise as a worldwide financial powerhouse.
