Will Dubai gain a $7.1B boost as more millionaires make the city their home?

Even if 5% of global millionaires migrating in 2025 choose Dubai as their residence, that will bring in a few billions more in 'fresh' investments.
According to estimates, about 142,000 millionaires in the world are likely to relocate before the end of the year. "Even if just 5% select Dubai, that’s 7,100 new HNWIs and nearly $7.1 billion in fresh investment," says a report.
“Dubai has matured into the world’s most compelling plug-and-play city for wealth. What’s changed is intent; founders, operators and multi-generational families are anchoring here, not passing through.”
In recent weeks, multiple big-ticket property deals have taken place, including one for Dh260 million for a villa in Emirates Hills.
And when it comes to ultra-high networth families, they were committing Dh134 million and more ($36.5 million and over) on 'legacy' villas, waterfront compounds, and 'identity-rich branded' residences.
"These are end-user purchases oriented toward permanence, professional services, and inter-generational planning and not flip culture," says the report.
“Global wealth is consolidating in branded ecosystems and legacy neighbourhoods. With policy clarity and quality-of-life premiums compounding, Dubai’s prime market is shifting from cyclical to structural.”