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


 KEY POINTS 

  • The United Arab Emirates is on track to be the world's top wealth magnet for the third year running, according to research.
  • 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.
  • The trend is likely to accelerate in the wake of the landslide election victory for the U.K.'s Labour Party in June, many financiers believe.

  • 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.


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