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Dubai: Preserving Inter-Generational Wealth in an Evolving Global Landscape
Dubai has transformed into one of the world’s leading financial hubs, fueled by an influx of private wealth, with family businesses and affiliated entities being a key driver behind the momentum. Dubai International Financial Centre (DIFC) is playing a significant role in shaping the family wealth landscape in the region by providing a robust ecosystem for inter-generational wealth preservation and growth.
Against the backdrop of a continually evolving global wealth landscape, Dubai’s robust business environment, political stability, strategic location, competitive tax regime, and lifestyle benefits have become some of the biggest draws for high-net-worth individuals. The emirate has also positioned itself as a preferred base for centi-millionaires, with its long-term residency options and its proactive approach towards crisis management as seen during the Covid pandemic.
Today, Dubai has the highest concentration of private wealth in the Middle East, as it continues to offer a thriving and safe economic climate, motivating wealthy individuals to relocate. It is currently home to 72, millionaires, centi-millionaires, and 15 billionaires, according to Henley & Partners’ latest research.
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