DHF Capital has revealed that the UAE will become a leading global destination for ultra-high-net-worth individuals by 2026, with 6,700 millionaires expected to move their activities to the UAE by the end of this year. If these predictions are met, the number of ultra-high-net-worth individuals will reach about double the 3,800 millionaires and 3,500 millionaires in the United States and Singapore, respectively, by the end of the year.
The number of ultra-high-net-worth individuals is projected to rise by 60 percent by 2026, making Dubai the city with the highest concentration of wealthy people in the Middle East, with a total net worth of more than AED 3.7 trillion. This growth is mainly due to the current number of millionaires in the UAE of 116,500.
Source (Al Khaleej Emirati Newspaper, Edited)
