Developer SpotlightNovember 21, 20213 min read

Wealthy Families Are Moving to Dubai

Dubai is attracting high-net-worth individuals from around the world. Why they choose the city, where they buy and what it means for the market.

Victoria Sterling

Head of Private Clients

Specializing in family office advisory and multi-generational wealth transfer. Victoria manages relationships with 50+ UHNW families across 15 countries.

Dubai is attracting a growing number of wealthy individuals and families from around the world. Safety, lifestyle, business opportunities, long-term visas and a favourable tax environment are drawing high-net-worth individuals who want a stable base for their families and businesses.

Why they choose Dubai

Safety: a secure environment for families.
Lifestyle: beaches, dining, schools and healthcare.
Business: a hub for the region and beyond.
Residency: long-term visas for investors and their families.
Taxes: no personal income tax.

Where they buy

Palm Jumeirah, Emirates Hills, Dubai Hills, Jumeirah Bay and branded residences are popular. Many buy large villas or penthouses.

Effects on the market

Demand from wealthy buyers is supporting record prices in prime segments and encouraging developers to launch ultra-luxury projects.

Considerations

Prime markets can be volatile. Buyers should value properties carefully and plan for long-term ownership.

Services for new arrivals

Wealthy families often need help with schools, residency, banking and property management in addition to buying a home.

Beyond the home: what wealthy families need

Wealthy families moving to Dubai need more than a property. They often require school places for children, residency for family members and staff, private banking, healthcare arrangements and security. Some need offices for family businesses or family offices. Many want help with interior design, furnishing and property management. Advisers who understand these needs and can coordinate trusted providers make relocation far easier. For the property market, these families support demand for prime homes, but also for schools, clinics, luxury retail and services, all of which strengthen the city's appeal to the next wave of arrivals. Their decisions are usually long-term, which adds stability.