In a post from 7 August 2026, Lucretia breaks down the latest Henley & Partners report: Dubai now counts 81,000 millionaires and has more than doubled its wealthy population in ten years.
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In a post published on 7 August 2026 on our Instagram account (@lucretia_immobilier), Sofiane revisits the latest report from Henley & Partners on the world's wealthiest cities. His takeaway: global wealth doesn't vanish, it relocates — and its direction today is unmistakable. While London and Moscow are watching their millionaire counts shrink, Dubai welcomes new ones every single day. The city now counts 81,000 millionaires, 237 centi-millionaires — fortunes above 100 million dollars — and 20 billionaires. Over ten years, its population of high-net-worth individuals has more than doubled.
@lucretia_immobilier · 7 August 2026
Global wealth doesn't disappear. It moves. And right now, it's heading in a very clear direction. The latest Henley & Partners report leaves no room for doubt. While London and Moscow lose their millionaires, the Gulf attracts them by the thousand. In 10 years, Dubai has more than doubled its population of fortunes, overtaking Silicon Valley. The real question isn't why they come. It's where they put their money once they're here. Sofiane gives you the answer in the video. 👇 Did you see this shift coming? 📩 To find out how to position yourself ahead of this wave, message us in DM. #DubaiRealEstate #PropertyInvestment #DubaiProperty #GoldenVisa #InvestInDubai
Key takeaways
- According to the Henley & Partners report published in 2026, Dubai counts around 81,000 resident millionaires, 237 centi-millionaires (over 100 million dollars in assets) and 20 billionaires.
- Dubai's millionaire population has more than doubled over the past decade — growth beaten by only two cities worldwide, Shenzhen and Hangzhou.
- On this growth measure, Dubai outpaces long-established hubs such as Silicon Valley, while London and Moscow have seen their millionaire populations decline over ten years.
- Abu Dhabi posted a roughly 80% rise in its millionaires over the same period, and Riyadh, in Saudi Arabia, a gain of about 65%.
- According to forecasts cited by Henley & Partners, Dubai and Abu Dhabi could double their number of centi-millionaires by 2035.
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Why the Gulf is capturing global wealth
The Henley & Partners report doesn't just measure an accumulation of fortunes: it reveals a deeper shift, that of mobile capital choosing its destinations. Sofiane sums up the reasons for this influx in three points. First, a favourable tax regime: in Dubai, individuals pay no tax on rental income or on property capital gains. Then, a robust legal framework, with full freehold ownership open to foreigners in designated zones. And finally, clear residency routes, foremost among them the Golden Visa, which grants property investors up to ten years of residence.
This trio explains why the phenomenon isn't limited to Dubai. Abu Dhabi is up nearly 80% over the decade, Riyadh around 65%: the whole region is simultaneously drawing a growing share of global wealth. To understand the drivers of this momentum and where it's heading, we set out the broad lines in our guide to the trends and outlook of the Dubai property market.
Where these fortunes put their money on arrival
The question raised by the post isn't why these millionaires come, but where they invest once settled. The answer comes down to one thing: bricks and mortar. Real estate remains the first wealth reflex of a newly arrived high-net-worth individual — as a home, as a tangible asset and as a gateway to the Golden Visa. Each wave of arrivals thus feeds demand for quality property, from prime resale to new-build off-plan.
This link between capital inflows and real estate is precisely what makes the Dubai market readable for an investor. The absence of tax on rents and capital gains for individuals genuinely changes the yield equation; we explain it in detail in our analysis of property taxation in Dubai.
What it changes for the investor
What we take from this report, at Lucretia, is less a figure than a signal of direction. When 81,000 millionaires choose the same city and their number doubles in ten years, property demand settles in for the long term rather than the short cycle. For an investor, that shifts the trade-off: the question becomes one of positioning — which district, which type of property, which horizon — rather than "should I get in or not".
We stay mindful of the nuance, though. An influx of fortunes supports some segments more than others, and rapid growth calls for rigorous selection: not every project will resell at the same pace, and a forecast of doubling by 2035 remains a projection, not a promise of return. That's the work we do well before the purchase — selecting the district, the developer and the ownership structure — to align a property with a real objective of resale or rental income.
To place Dubai against other markets according to your profile, our comparison Dubai or Bali sets the right benchmarks, and our investing in Dubai page brings together our analyses to help you prepare a tailored positioning.
Source: Original post on Instagram (@lucretia_immobilier) — 7 August 2026
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About the author
Léonard ARZOUNI
Real Estate Consultant
Léonard is a luxury real estate consultant with more than six years of experience in the high-end market. He is fluent in French and English and assists an international clientele in the acquisition and management of exceptional properties, both residential and investment-oriented. His expertise covers property valuation, portfolio management and strategic negotiation, enabling him to develop tailor-made solutions adapted to each client's wealth objectives. He is appreciated for his rigour and attention to detail. Outside of work, Léonard is passionate about contemporary art, collecting works by emerging artists. He is a curious traveller who loves discovering new cultures.
