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)
