Moving to Dubai – Is Dubai a Best Place to Live & Invest
Dubai stands famous for its luxury lifestyle, majestic architecture and booming economic activities. However, in recent years, Dubai has begun to take shape as the city witnesses a sudden trend that significantly changes the dimension of the property market, migration of millionaires and ultra-high-net-worth individuals . This is building up new opportunities and challenges for the real estate market, especially in premium communities like the Dubai Hills Estate . The Growing Trend of Millionaire Migration In the last years, Dubai has been a place of attraction for high-net-worth individuals and ultra-high-net worth individuals from literally every corner of the world. These are those who boast quite a sum of assets- normally, HNWIs have over $1 million in investable wealth, while UHNWIs are owners of more than $30 million. Key Factors that made Dubai the First choice for relocation Tax advantages: Dubai does not have any income tax; hence, for those with a lot of ...