Why the World’s Wealthiest Are Calling Dubai ‘Home Base’

A New Epicenter for the Wealthy

Once a destination for luxurious vacations and shopping, Dubai has evolved into something much, much more than that. It is now a global headquarters for the world’s wealthy. From billionaires & entrepreneurs to celebrities & investors; more wealthy, high net worth individuals are putting down roots here, not just to invest, but to grow, live, & belong.

So what’s driving this capital wealth and migration of influence to the desert metropolis? Let’s dive in.

The Freedom to Grow Wealth

Dubai is friendly to capital from all over the globe – especially in terms of tax benefits. There are no income tax, no capital gains tax, and no inheritance tax – in a world where most countries are tightening tax nets, Dubai is one of the last wealth havens.

For business owners – this simply means freedom to reinvest. For investors – this simply means more returns. The end result? The number of millionaires relocating to Dubai increased by over 70% since 2020 according to global wealth migration reports and is expected to rise through 2026.

A Lifestyle Beyond Luxury

Deliberately, the wealthy are not only coming to this place simply for financial reasons but for quality of life. There are very few places on earth that one could recommend being able to eat at a Michelin-star restaurant, go for a drive in the desert in the morning, and finish the same day on a yacht in the evening.

Dubai's luxury neighbourhoods, such as Emirates Hills, Palm Jumeirah and Dubai Hills Estate, have become synonymous with luxury, global sophistication, and privacy. In Dubai, every villa, penthouse, and mansion is crafted to ensure comfort, experiential living, a private gym, infinity pool or skyline view each day.

Safety and Stability: The Ultimate Luxury

For the elite, the ultimate luxury is safety and stability. That is where Dubai excels. Dubai has established itself as one of the safest places to live in the world with optimal infrastructure, low crime rates and political neutrality - peace of mind for any global citizen.

When you factor in, world-class healthcare, education and connection, Dubai evolves from being a luxury destination to a long-term, sustainable home.

The Real Estate Magnet

The property market in Dubai continues to surpass expectations, led by luxury real estate. Ultra-premium developments like Palm Jebel Ali, Sobha Hartland II, and Emaar's Address Villas have quickly captured the interest of international buyers who want to see Dubai not as just a second home, but a permanent base for their global portfolio.

High rental yields (5–8%), flexible payment plans, and consistent demand make Dubai's luxury market an asset class.
 

The Golden Visa Effect

The game changer for real estate investment was launch of Dubai's Golden Visa program. Offering 10-year residency to property investors, entrepreneurs and skilled talent, it offers something else money simply cannot buy — belonging.

The program has changed the image of Dubai from a temporary city of opportunity to a permanent global destination for wealth creators and innovators.

Connectivity Without Borders

For the elite, the people who live global lifestyles, location is everything. From Dubai, like a hub, you can meet two-thirds of the world's population in under 8 hours, making it the undisputed capital for international mobility.

With Dubai International Airport (DXB) and the forthcoming Al Maktoum Airport, the city boasts unequaled connectivity to global markets, luxury travel, and private aviation.

Tesla's View

At Tesla Properties, we have observed this evolution first hand, more and more global clients are not simply purchasing property here but creating a life here.

For them, Dubai is not an escape - it is a declaration. A place where success feels at home.

Make a Lasting Impression

In a world where wealth can be borderless, the uber-rich are seeking more than simply money - they are seeking a freedom, a safety, and meaning.