The United Arab Emirates, the first preferred destination for the wealthy, will be visited by 6,700 millionaire immigrants by the end of 2024.
A study showed that up to 300Immigrant millionaire They are flocking to Saudi Arabia in 2024, as the Kingdom continues to attract high-net-worth individuals.
Riyadh and Jeddah have the ability to attract wealthy people
In her latest report, she said: Henley & Partners The Saudi capital, Riyadh, as well as Jeddah, have become “increasingly popular” with the class Millionaire immigrant, especially from North Africa and the Middle East.
The British consulting company added: “From our point of view, these two cities in Saudi Arabia have the ability to imitate Dubai and Abu Dhabi in attracting large numbers of wealthy expatriates in the future.”
The UAE is the first preferred destination for the wealthy
According to the analysis, the UAE continues to advance as the top destination of choice for the wealthy, with about 6,700 millionaire immigrants expected to make the country their home by the end of 2024.
The British consulting company said: “For the third year in a row, the United Arab Emirates appears ready to occupy first place as a leading destination for wealth in the world, as a record number of 6,700 wealthy immigrants are expected to flow to the Emirates by the end of the year, greatly supported by With large inflows from abroad.”
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According to the report, tax-free income in the UAE and the residency program For golden visa And the geographical location, made it a favorite destination for immigrant millionaires.
The movement of 128 thousand millionaire immigrants during 2024
The company confirmed that: “It is expected that an unprecedented number of millionaires, amounting to 128,000 millionaires, will move to all parts of the world this year, exceeding the previous record of 120,000 millionaires recorded in 2023.”
List of countries that are able to attract wealthy people
The United Arab Emirates is followed by the United States and Singapore, with 3,800 and 3,500 millionaire immigrants expected to flock to these countries by the end of this year.
Canada ranked fourth on the list, with 3,200 millionaire immigrants expected to flow into the country during 2024, followed by Australia and Italy, with 2,500 and 2,200 millionaires coming to these countries, respectively.
Switzerland came in sixth place on the list, with an estimated 1,500 millionaires expected to move to the country during 2024, followed by Greece and Portugal with 1,200 and 800, respectively.
Countries that expel the millionaire immigrant class
The report also highlighted a list of countries from which millionaires emigrate, topped by China, while the United Kingdom ranked second, according to its expectations for the year 2024.
The United Kingdom is expected to witness an unprecedented net loss of millionaires, amounting to 9,500 millionaires in 2024, a number that represents more than double the number of millionaires leaving it in 2023, amounting to 4,200 millionaires.
While China topped the list of countries from which millionaires emigrate, with 15,200 millionaires expected to emigrate this year, compared to the departure of 13,800 millionaires in 2023.
