How the Emirate Became a Billionaire’s Paradise

Dubai has established itself as one of the wealthiest cities in the world, with a population of ultra-high net worth individuals that is growing rapidly each year.

This report explained that Dubai houses the wealth of the world’s richest families and individuals in 120 or more, whose wealth exceeds one trillion Dollars.

Under the influence of rulers’ vision and policies Dubai now attracts millionaires and billionaires by consolidating its position in the top class.

The atmosphere was tailored and business-friendly where taxes became scarce and the regulatory environment also business-friendly.

The UAE had a remarkable turnaround when the notion of political and economic stability became popularized.

The pandemic also saw Dubai defy expectations – its ‘open for business’ approach made it a refuge for expat millionaires tired of restrictions elsewhere.