Buoyed by its strategic location, attractive tax environment, and luxurious lifestyle offerings, the U.A.E. is projected to welcome a record-breaking 6,700 new millionaires by the end of 2024, according to a report by Henley & Partners.
Several factors are contributing to the U.A.E.’s surge in popularity, including its favorable tax regime, golden visa programs, strategic location, lifestyle appeal, and political stability. The influx of millionaires isn’t just good news for the U.A.E.’s luxury sector. Wealth migration brings a range of benefits to the host country, such as increased foreign exchange revenue, stock market growth, and job creation.
Dubai, ranked 21st globally in wealth in 2024, reigns supreme as the Middle East’s wealthiest city, thanks to a 78% surge in its millionaire population over the past decade. Meanwhile, Abu Dhabi, the U.A.E.’s capital, boasts a millionaire population of 22,700, which grew by over 75% between 2013 and 2023.
Denne historien er fra August 2024-utgaven av Forbes Middle East - English.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra August 2024-utgaven av Forbes Middle East - English.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Celebrating Emirati Businesswomen and Entrepreneurs on Emirati Women's Day
As part of the U.A.E.’s annual Emirati Women’s Day celebrations, the Abu Dhabi Business Women Council and the Abu Dhabi Chamber hosted an event on August 28, 2024, under the theme “We Collaborate for Tomorrow,” celebrating the role and achievements of Emirati women.
THE MIDDLE EAST'S TOP 100 HEALTHCARE LEADERS 2024
MENA’s healthcare landscape is evolving towards integration, marked by the rise of fully comprehensive ecosystems. Industry giants are setting future trends, driven by systems that thrive on data abundance, accessibility, and intersectoral collaboration.
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Ayman Cheikh-Lahlou, Chairman and CEO of the Morocco-based Cooper Pharma, took the helm of the family-owned pharmaceutical company in 2005 and has seen business boom over nearly 20 years. Now, he’s exploring expansion opportunities in new markets.
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Irina Zaporozhets, President and General Manager for Eli Lilly Suisse S.A. in the META region is driving expansion, focusing on innovation and patient-centric care. As she navigates regional challenges, her commitment to expanding access to medicine remains at the forefront.
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Armed with a newly raised 640 million, GROQ thinks it can challenge one of the world’s most valuable companies with a purpose-built chip designed for Al from scratch.
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The rise of smartphones and digital technologies has transformed our daily lives, contributing to the evolution of connected consumers.
Rare Fortune
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The State of Mental Health in the Middle East
While mental health awareness is on the rise, the Middle East faces some challenges in providing care. Still, we're seeing some progress.
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From gene therapy to nasal sprays, these were some of the most significant healthcare breakthroughs in the last year.
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