UAE Business: UAE top draw for millionaires; 4,000 HNWIs to relocate – Gulf Digital News

UAE Business: UAE top draw for millionaires; 4,000 HNWIs to relocate – Gulf Digital News

The UAE expected to attract the largest net inflows of millionaires globally in 2022, overtaking many rich nations, according to the latest Henley Global Citizens Report.

A tsunami of private capital has left Russia and the Ukraine, the UK has lost its wealth hub crown, and the US is fading fast as a magnet for the world's wealthy, says the report, which tracks private wealth and investment migration trends worldwide.

The Q2 report released today by international residence and citizenship by investment advisory firm Henley & Partners exclusively features the latest projected 2022 net inflows and outflows of US dollar millionaires -- namely, the difference between the number of high net worth individuals (HNWIs) who relocate to and the number who emigrate from a country -- as forecast by New World Wealth.

Projected figures on the Henley Private Wealth Migration Dashboard show the top 10 countries for net inflows of HNWIs in 2022 will be the UAE, Australia, Singapore, Israel, Switzerland, the US, Portugal, Greece, Canada, and New Zealand.

The UAE has become the focus of intense interest among affluent investors and is expected to see the highest net influx of HNWIs globally in 2022, with 4,000 forecast -- a dramatic increase of 208%