UAE: The Ultimate Destination for Millionaires in 2024
In 2024, the number of millionaires relocating globally will increase greatly according to the Wealth Migration Report. According to Henley & Partners’ group head of private clients Dominic Volek, the report asserts that 120,000 millionaires moved in 2023, a figure likely to be exceeded by 128,000 next year. The dynamics in global wealth are seen shifting his weight from the geopolitical, economic, and social events, a feature that is well depicted by its spread. Undoubtedly, about the United Arab Emirates? Approximately $925 billion worth according to data released shows that assets held by residents of this country are approximately $925billion therefore pushing the per capita income for its citizens at around $99,000; this represents an increase rate of 10% compared to 2016 while it has increased by 60% since 2007. The United Arab Emirates’ economic future appears very strong since projections state that private riches will increase by 50% during the coming decade. Its grow...