Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
20-04-23
Dubai Emerges as Leading Wealth Hub for High-Net-Worth Individuals
(MENAFN) Dubai has emerged as a leading and rapidly growing wealth hub, attracting wealthy families from all over the world, according to a report by London-based investment migration consultancy Henley & Partners. The city has become the most popular destination for the wealthy in the Middle East, hosting approximately 68,400 millionaires. This is due in part to its streamlined tax and legal systems, which have helped position it as a forward-thinking hub that encourages business.
The report highlights several reasons why Dubai is a preferred destination for wealthy families, including high-quality healthcare, proximity to top-ranking universities, socio-political stability, and investor-friendly incentives. These factors have contributed to the city's reputation as a safe haven and a desirable location for migrating millionaires.
To retain talent and attract even more wealthy foreign investors, the government has expanded the UAE Residence by Investment program. Under this program, qualified individuals are given a 10-year renewable residence permit, providing them with added security and contributing to the city's reputation as a welcoming and investor-friendly destination.
Dubai's low tax rates and safe-haven status have also contributed to its appeal among the wealthy. In 2022 alone, over 3,500 high-net-worth individuals relocated to the city, according to the report. This influx of wealthy families has further solidified Dubai's position as a leading wealth hub and a desirable location for those looking to invest in the Middle East.
MENAFN20042023000045014146ID1106052612
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us