Architecture
Sustainability Moves to the Centre of Development
January 21, 2026
Dubai has established itself as one of the world's leading wealth hubs. It now competes with cities such as London, Singapore and New York for wealthy residents, family offices and financial firms. This status has a direct effect on demand for prime property.
How Dubai compares
- Taxes: no personal income tax.
- Lifestyle: beaches, climate and luxury amenities.
- Connectivity: flights to most major cities.
- Residency: long-term visas for investors and families.
- Property: prime homes at lower prices than in many rival cities.
Challenges
Summer heat, the cost of schooling and the need to build deeper financial markets are among the challenges Dubai continues to address.
Effects on property
Hub status supports demand for prime villas, penthouses and branded residences, as well as offices in DIFC.
Long-term implications
As more wealthy families settle, demand for schools, healthcare and lifestyle services grows, supporting the wider economy and property market.
For investors
Properties that appeal to wealthy residents, in scarce locations with quality design, are positioned to benefit.
Cost of living for wealthy residents
Although Dubai has no personal income tax, living costs at the top end can be significant. Private school fees, healthcare, domestic staff, cars and memberships add up quickly. Prime home prices, while lower than in some rival cities, have risen substantially in recent years, and service charges for luxury properties are high. Wealthy residents generally find the overall package attractive, particularly when tax savings and lifestyle are considered. However, they compare Dubai with other hubs on the full cost of living, not only on taxes. Continued investment in schools, healthcare and infrastructure will be important for Dubai to remain competitive as other cities also seek to attract globally mobile wealth.
Our view
Dubai's status as a wealth hub is one of its greatest strengths. We help clients understand how it shapes the market and where opportunities lie.
