July 2024

UAE set to welcome even more millionaires as wealthy individuals abandon the UK

The United Arab Emirates is on track to be the world’s top wealth magnet for the third year running, according to the Henley Private Wealth Migration Report. At the same time, the U.K. – already the source of many of the UAE’s expatriates – is projected to see its millionaire population drop by 17% by 2028, according to Swiss bank UBS. High-net worth individuals are in many cases voting...

Dubai real estate: Property developer 25 Degrees sets new record with $17mn villa sale

The 5,800-square-foot private beach Dubai villa was completed in January 2024 25 Degrees, a Dubai-based property developer, has announced the sale of a villa on Palm Jumeirah for $17 million (AED 62 million), setting a new record for a renovated Garden Home on the artificial island. The 5,800-square-foot private beach villa was completed in January 2024. This transaction highlights the growing...

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