In recent years, the UAE has emerged as a top destination for wealthy individuals from the United Kingdom – from millionaires to billionaires – who are relocating to the Emirates seeking a more favourable financial and social environment.
Why are British wealthy relocating to the UAE
Zero personal and capital-gains taxes: Unlike the UK – where high income tax, capital gains tax, and recently tightened inheritance and wealth taxes have increased financial burdens for high-net-worth individuals – the UAE offers no personal income tax, no capital-gains tax and no inheritance/wealth tax for residents.
Investor- and business-friendly policies: The UAE allows 100% foreign ownership of companies (in many zones), making it simpler for entrepreneurs and global investors to set up and operate businesses without needing a local partner.
Political/economic stability and quality of life: The combination of strong regulatory stability, modern infrastructure, high safety standards, global connectivity and a cosmopolitan lifestyle makes the UAE especially attractive for wealthy individuals seeking long-term security for themselves and their families.
Shift in the UK – push factors
Recent changes in the UK’s tax and residency rules have triggered a wave of wealth migration. The abolishment of favourable “non-dom” tax statuses, rising inheritance and capital gains taxes and stricter rules on wealth structures have made the cost of living and wealth preservation increasingly burdensome for high-net-worth individuals.
Because of these shifts, many wealthy British families and entrepreneurs are rethinking their base. The UAE’s favourable tax and residency policies present a compelling alternative for preserving wealth – prompting what some analysts call a “wealth-exodus.”
Surge in migration – UAE as a global “wealth-haven”
According to recent data, the UAE is expected to welcome a record number of new high-net-worth individuals this year. Experts estimate a large inflow of millionaires and ultra-wealthy families relocating to the Emirates, with many coming from the UK and other high-tax countries.
Industry insiders note that the relocation trend reflects not only individuals seeking tax benefits, but also those prioritising long-term wealth preservation, stability, mobility and access to a global business hub.
What it means for the UAE economy and society
The influx of wealthy, mobile capital brings increased demand in real estate, private banking, family offices, international education, luxury services – boosting multiple sectors. As more high-net-worth expats settle, the UAE’s reputation as a global hub for wealth management and international business is strengthening.
At the same time, this trend reflects broader global shifts -where high taxes and economic uncertainty in traditional wealth centres (like the UK) drive capital and talent toward more open, investor-friendly jurisdictions.
