Wealthy Population in UAE Projected to Grow Significantly

The UAE is poised to become a major hub for ultra-wealthy individuals, with the number of those holding over $30 million in assets expected to increase significantly. Knight Frank's 2026 Wealth Report projects a rise from 4,851 individuals in 2026 to 6,588 by 2031. This growth is fueled by the UAE's strong appeal as a business center and the enduring strength of its real estate market, positioning it among the fastest-growing markets globally for high-net-worth individuals.

Dubai is a key driver of this growth, particularly in the luxury property market. Prime residential property prices in Dubai experienced substantial increases, ranking second worldwide for price growth. The report highlights a 25.1% rise in prices over the past year and a remarkable 193.9% increase over five years. Transactions exceeding $10 million have also surged, indicating robust demand for high-end properties.

Dubai's attractiveness stems from its stability, connectivity, and favorable business environment, drawing investors and high-net-worth individuals away from traditional centers like New York and London. The Middle East's prime property market saw an average increase of 9.4% in 2025, largely due to Dubai's performance.

Abu Dhabi is also emerging as an attractive investment destination, attracting international buyers with its financial ecosystem and expanding cultural offerings, including institutions like the Louvre Abu Dhabi and the upcoming Guggenheim Abu Dhabi.