Dubai and Abu Dhabi have ranked among the world’s top 10 destinations for next-generation wealth, according to the latest Savills Next Generation Wealth Hubs Index. The two UAE cities are among only four locations across Europe, the Middle East and Africa (EMEA) to feature in the global top 10, highlighting their appeal to younger high-net-worth individuals. The index evaluates more than 100 destinations based on business conditions, governance, connectivity, wealth management, taxation and lifestyle, focusing on wealthy individuals under 40 who have recently created or inherited their wealth.
Original article: Dubai and Abu Dhabi rank among the world’s top 10 hubs for next-generation wealth by Economy Middle East.
Key Insights:
Dubai and Abu Dhabi Stand Out for Business and Lifestyle
Dubai’s position reflects its entrepreneurial environment, international connectivity, favorable tax policies and luxury lifestyle offerings. Its calendar of major sporting events, including international golf tournaments and ATP tennis, also contributes to its appeal.
Abu Dhabi offers a complementary environment through its expanding financial center, growing family office community and investment in infrastructure and quality of life. The emirate’s international sporting calendar, including Formula 1 and major golf events, further strengthens its lifestyle offering.
According to Savills, both cities are well positioned to appeal to a younger generation of wealthy individuals whose priorities increasingly extend beyond traditional financial considerations to include lifestyle, education, wellness and business opportunities.
UAE Cities Join Established Global Wealth Centers
New York topped the global index, followed by Miami, London, San Francisco and Los Angeles. Singapore ranked sixth, making it the highest-placed destination in Asia Pacific.
London led the EMEA rankings, while Monaco placed ninth globally. Overall, EMEA destinations accounted for 16 of the world’s top 30 wealth hubs.
Dubai and Abu Dhabi’s inclusion places them alongside established international financial and lifestyle destinations competing to attract the next generation of global wealth.
Changing Wealth Preferences Influence Luxury Property Demand
Savills estimates that approximately $84 trillion could transfer between generations over the next two decades, potentially influencing where wealthy individuals choose to establish homes, businesses and investments.
The report identifies growing interest in branded residences, wellness-focused developments and turnkey properties that accommodate internationally mobile lifestyles.
These preferences are particularly relevant to Dubai and Abu Dhabi’s luxury residential markets, where lifestyle amenities, connectivity and property management services are important considerations for internationally mobile buyers.
Outlook for the UAE's Luxury Property Market
Dubai and Abu Dhabi’s positions in the global top 10 highlight their appeal as destinations for the next generation of high-net-worth individuals. Their combination of business opportunities, international connectivity and luxury lifestyle offerings aligns with the changing priorities identified by Savills.
As wealth transfers to a younger generation, these preferences could continue to shape demand for premium residential properties, particularly developments offering convenience, privacy and a high standard of amenities.
