According to a report submitted by the experts from AfrAsia Bank (The Global Wealth Migration Report 2019), the number of expats with a capital of over $1 million who moved to live in the UAE continues to grow. So, according to this indicator, the country shows a steady growth of 5%.
Dubai, as the most progressive and promising financial and economic center of the entire Middle East, has overtaken even such popular cities like New York, Los Angeles, San Francisco, Miami, and Sydney.
There are not only good prospects for investment but also a high level of security, as well as economic and tax stability, which many other cities in the world cannot boast of. Dubai is an excellent example of how to implement an effective government policy to stimulate business growth.
According to the data from the report, more than two thousand millionaires from all over the world moved here to live, and in total, over 108 thousand foreigners with a capital of over $1 million already live here. (in 2017, 95 thousand millionaires lived here). Among the foreigners who chose Dubai are citizens of the People's Republic of China (about 15,000), the Russian Federation (about 7,000), India (about 5,000). These people came to the UAE because of the safe, stable, modern and progressive environment for business and residence.