Dubai and Abu Dhabi are the best cities in the world so that people of high Networth move, according to Savills’s investigation.
The triumph of a fluid geopolitical and economic environment; Change of government policies, taxes and incentives; And the factors of quality of life increasingly influence which people of high net worth (HNWI) and foot -feet companies choose to locate themselves, Savills said.
The real estate consultancy launched the dynamic wealth rates of Savills to identify the cities that work well to attract and develop wealth and investment of individuals and companies.
Dubai and Abu Dhabi attract HNWI and Business
Savils said that personal tax incentives, high hnwis concentrations and a good quality of life put the cities of Dubai and Abu Dhabi of the EAU in the top two positions, followed by Singapore, Zurich and the League of the Auckland League to the League of the League of the Liga de Liga de Makeland Les. Lands Lands Lands Lands Lands Lands Lands Lands Lands Lands Lands Lands Lands Lands Lands Lands Lands Lands Lands Lands Lands Lands Lands Lands EXTALLS EXTALLS EXTALLS EXTALLS LANDS EXTALLS LANDS EXTALLS EXTALLS EXTUALS EXTALLS EXTALALS EXTALLS EXTALLS EXTALLS EXTTALS EXTULALS EXTALLALS EXTULAL. Exalals Lands Lands Lands.
Meanwhile, Singapore, Seoul, New York, London and Abu Dhabi take the five best places for corporate relocations based on their corporate tax and business environment, direct foreign investment volumes and economies and knowledge bases.
This means that Abu Dhabi has classified among the top five for people and companies that seek to relocate, highlighting their range of benefits.
Rachael Kennerley, Director of Research at Savills Middle East, said: “The sovereign wealth of Abu Dhabi has markedly attracted connected family offices and global companies. In turn, this has stimulated a position that requires, and work.
The EAU is a particularly attractive option for the HNWI that bring their companies with them. It has a dynamic economy that is diversifying far from oil and attracts the growing sums of corporate and sovereign wealth investment.
This in turn has increased the volumes and values of the real estate transaction. The main residential capital values in Dubai increased by 6.8 percent by 2024, with values of main offices that grew by 7 percent only in the fourth quarter.
In 2024, the residential sector registered unprecedented transactions volumes, with an increase of 47 percent year by year. Of this, more than 4,600 units with a price higher than AED10M ($ 2.72 million) were made during the year, marking an increase of 23 percent year by year.
Paul Tostevin, director of Savills World Research, said: “Against an increasingly changing geopolitical and economic background, global wealth flows are evolving, as HNWI and companies adapt their decisions about where to place.
“Traditional predictors of global wealth flows, such as government policies, taxes and incentives, and the presence of groups of innovative talents or existing communities of similar individuals, have always been key drivers of dynamic companies and individuals, and will continue to play an important role, but a sense of place and a high quality of life, are progressively the factor that decides the location decisions.”
Savils says that six of the 12 main locations appear in corporate and individual dynamic wealth rates, highlighting how commercial and personal priorities can often overlap as companies wish to place themselves in destinations that can provide the necessary talent to maintain them, following qualified workers who tend to prioritize a better quality of life.
While lifestyle factors attract the person to the individual, the effects of creating talent groups, or Hnwis bringing their businesses with them when they move, they also make them a magnet for corporate wealth.
