World's millionaires are moving to Dubai for safety, luxury and tax benefits
Dubai, the richest city in the Middle East and Africa (MEA) and the 29th wealthiest in the world, is seeing an influx of millionaires. According to New World Wealth, a research firm that tracks the wealth and the movements of millionaires, multi-millionaires and billionaires globally, Dubai’s population of high-net-worth individuals (HNWIs), rose to 54,000 in June 2021, up by 3.8 percent from 52,000 last December.
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