Iran war halts Dubai’s rise
Over the last decade the United Arab Emirates has emerged as a global hub for private wealth. According to data from global property consultancy, Knight Frank, more than 130,000 millionaires live in the country. Even centi-millionaires – people with more than US$100 million – are pretty commonplace, with more than 300 of them officially resident in the UAE.
Dubai is the home for most of the high-net worth individuals in the UAE, and in recent years the emirate has become a crucial destination on the global wealth map. “When I first arrived in Dubai eight years ago, it was much more transient,” said Dubai-based private wealth advisor Jordan Ellis. “People did not intend to stay long term or park their wealth here.” For a more complete summary of the story, please see the below link:
Published on: Apr 10, 2026 07:31 AM