Abu Dhabi is Among Top Relocation Spots for the Ultra Rich

Turns out, when the world’s wealthiest are looking for their next address, Abu Dhabi is high on the wishlist.

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New research from global real estate advisor Savills has ranked Abu Dhabi among the top two cities in the world for high-net-worth individuals (HNWIs) to live, work, and play. The UAE capital is now rubbing shoulders with global hotspots as a preferred relocation destination for millionaires and billionaires.

So, what’s drawing the ultra-rich to Abu Dhabi?

A Tax-Free, Luxury Lifestyle

For starters, Abu Dhabi offers a tax-free lifestyle and that’s a huge incentive. While countries like the UK tax up to 45% of income, the UAE offers no income tax, no capital gains tax, and no inheritance tax. It’s a financial no-brainer for those looking to protect and grow their wealth.

In 2023 alone, more than 6,700 ultra-wealthy individuals relocated to the UAE, many of them from high-tax regions like the UK. And they’re not just moving for the money.

Safe, Sunny, and Culturally Rich

Abu Dhabi combines year-round sunshine, a strong sense of safety, and a thriving cultural scene. From the Louvre Abu Dhabi to Formula 1 weekends, the city offers a vibrant calendar that appeals to those who want more than just a beachfront mansion.

There’s also world-class healthcare, elite international schools, and cutting-edge tech hubs like Hub71, all of which make life here not just comfortable, but future-ready.

Real Estate That Matches the Lifestyle

The capital also boasts a strong luxury real estate market. Think private villas on the Corniche, sleek penthouses on Al Maryah Island, and beachfront properties on Saadiyat. There’s no shortage of dream homes for the ultra-wealthy.

Plus, the 10-year UAE Golden Visa gives long-term security for investors, entrepreneurs, and skilled professionals, making it easier than ever to call Abu Dhabi home.

Quality of Life Comes First

According to Paul Tostevin, Director at Savills:

“Traditional predictors of global wealth flows, like government policies, taxes, and talent pools, remain important. But today, quality of life and a strong sense of place are increasingly what sway relocation decisions.”

And Abu Dhabi delivers on all fronts.

The Bottom Line

While Dubai took the top spot on Savills’ relocation index, Abu Dhabi isn’t far behind, outranking global heavyweights like Singapore, Zurich, Auckland, and major US cities.

For the ultra-rich, Abu Dhabi isn’t just a safe bet, it’s a smart lifestyle choice. Whether you’re drawn to the arts, the tech sector, or simply the ease of luxury living, Abu Dhabi is proving it has what it takes to attract the world’s elite.