A report on the global wealth movement of 2019 showed that the UAE attracted in the year 2018 about two thousand high net worth individuals, according to the newspaper “Emirates Today” the report cited the city of Dubai at the forefront of global cities that attracted more than 1000 million in the same year, Major cities such as Miami, New York, San Francisco, and Sydney.

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The report also described Dubai as the largest and most prominent financial center in the Middle East and said it has several advantages, the most important of which is the level of safety and stability that has made it the safest city in the region. He explained that the number of high net worth individuals who moved to the UAE in 2018 is equal to the same number of high net worth individuals who moved to Switzerland while exceeding the number who chose to move to European and Asian countries.

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HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, said that “Dubai’s continuous strategic development and its achievements continue to affirm the emirate’s status as a premier destination for business and leisure”.

His remarks were made on the occasion of the “Global Wealth Transfer Report” for Afroxia Bank of 2019, which showed that the UAE attracted about 2000 high net worth individuals in 2018, while the report cited Dubai as one of the world’s leading cities attracting more than 1000 millionaires In the same year.

Investment Climate

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, stressed that the healthy investment climate and the distinguished economic environment that the UAE leadership has established in the UAE have a clear vision for the future, a keen awareness of the requirements of leadership in various sectors of development, Happiness, and happiness for its people and everyone who lives on its land, whether resident, visitor or investor, and with unremitting efforts to create a supportive environment for creative thinkers and distinguished creations in various fields of life.

Strategic Development

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, which aims to make Dubai and the UAE in general a land of opportunity for all talents, competencies, distinguished capabilities and beneficial investments for the region and humanity. This position is reinforced by the commitment of a clear approach to work, And the highest level of investment in enhancing its capabilities, giving it the ability to face all challenges and even turn them into useful opportunities.

Wealth Transfer

This came on the occasion of the publication of the “Global Wealth Transfer Report” for Afroxia Bank of 2019, which showed that the UAE attracted in the year 2018 about 2000 high net worth individuals, while the report cited the city of Dubai in the forefront of global cities that attracted more than 1000 million in The same year, surpassing major cities such as Los Angeles, Melbourne, Miami, New York, San Francisco, and Sydney.

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The report described Dubai as the largest and most prominent financial center in the Middle East and said it enjoyed several advantages, the most important of which was the high level of safety and stability that made it the safest city in the region, leading it to the world’s most populous cities and high net worth individuals last year.

High Net Worth Individual

The number of HNWIs who moved to the UAE in 2018 is equal to the same number of high net worth individuals who moved to Switzerland, while the number who chose to move to European and Asian countries such as Spain, Portugal, Greece, and Singapore, Including 1,000 millionaires in 2018.

The report showed a great exodus of wealthy people from China, which last year left about 15,000 million, Russia, which left about 7 million, India 5000 million, Turkey 4000 million, France and the United Kingdom of 3000 million each.

Transition Factors

The report reviewed a list of reasons why high net worth individuals are looking for a place where their needs are met. The motives of the transition included searching for: security and security, especially with regard to the security of women and children, modern lifestyle, higher standards of living, better educational opportunities, business prosperity, and care facilities. Health, and other essential elements that drive high net worth individuals to search for the cities and countries that provide them.

A Modern City

Based on its success as a focal point for the global trade movement, and an important link for international travel in its world-class location, Dubai has built a global reputation as a modern city, maintaining its identity in a state of the art, And strong social ties based on a set of noble values, the most important of which is the coexistence and tolerance that characterizes the UAE society, which includes communities of more than 200 nationalities living in a harmonious understanding of harmony, integrated legislative frameworks that guarantee the full rights of the human being and upholds the rule of law as a guarantee of safety.

Tourism, service and leisure that has been confirmed as a favorite destination for those who want to relax and enjoy the highest levels of service, and the finest types of luxury tourist facilities, supported by a series of shopping centers, which are among the months of the world, including the major brands from around the world.

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Dubai has many services and tourism facilities that enhance its attractiveness as a city that meets the needs of all categories and diversifies its economic potential. The city on the Arabian Gulf offers many options that appeal to the world’s richest, including family entertainment and the hotel facilities that have contributed to raising international standards for quality in this field, including the top seven skyscrapers among the top 10 hotels in the world, the most important of which is “Burj Al Arab”, which is one of the most important icons of the international hotel industry, With a total of hundreds of yachts, including a variety of international restaurants and high-profile commercial outlets.

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