UAE to See Surge in Ultra-Wealthy by 2031

Apr 25, 2026

70 min

Apr 25, 2026 10:31

UAE to attract more ultra-wealthy, rising from 4,851 to 6,588 by 2031

## Rising Wealth in the UAE

The United Arab Emirates is projected to experience a significant increase in its ultra-wealthy population over the next few years. According to the 2026 Wealth Report by Knight Frank, the number of individuals with assets exceeding $30 million is expected to grow from 4,851 in 2026 to 6,588 by 2031.

## Dubai's Luxury Market Boom

Dubai is a key driver of this trend, ranking second globally for growth in prime residential property prices. Over the past year, luxury property prices in Dubai have surged by 25.1%, and by an impressive 193.9% over the last five years. The city has seen a notable increase in high-value transactions, with deals over $10 million rising from 113 in 2021 to 500 in 2025.

## Attracting Global Wealth

Dubai's appeal as a business hub and its robust real estate sector make it a preferred destination for high-net-worth individuals. The city offers stability, connectivity, and favorable business conditions, attracting investors who might otherwise consider traditional centers like New York and London.

## Abu Dhabi's Growing Appeal

Abu Dhabi is also gaining attention as an investment destination. Its financial ecosystem and cultural offerings, such as the Louvre Abu Dhabi and the upcoming Guggenheim Abu Dhabi, are drawing international buyers. This complements the overall growth in the Middle East, where prime property prices rose by 9.4% in 2025, largely due to Dubai's performance.

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