"Migration Of The Wealthy".. An Arab Country Is Preparing To Receive Them from Britain

  • Dubai, United Arab Emirates
  • 31 July 2024
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Henley's Private Wealth Migration Report shows that the UAE is on track to become the world's largest wealth magnet for the third year in a row. United Kingdom – already a source for many expats in U.A.E. – is expected to see a 17 percent decline in the number of millionaires by 2028.

The UAE is emerging as a destination for high-net-worth individuals, thanks to tax breaks compared to the home country of many high-net-worth individuals. This trend is likely to accelerate in the wake of a landslide election victory for Britain's Labor Party in June.

Source (Al Arabiya.net Website, Edited)

 

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