Dubai has edged out New York City to claim the title of the world’s top hotspot for affluent residents, according to a recent analysis by Savills Plc. The city’s rapid climb reflects its powerful combination of financial advantages, strong security, and a lifestyle built around luxury and convenience — factors that continue to attract high-net-worth individuals from around the globe.

A major draw of Dubai is its tax-friendly environment. With no income, inheritance, capital gains, or wealth taxes, the emirate offers a financial environment that few other major cities can rival. This, paired with exceptional safety standards, family-oriented infrastructure, and a reputation for opulence, has positioned Dubai as a preferred base for entrepreneurs and wealthy families looking for stability and opportunity.

Experts note that this shift signals a broader change in the priorities of the world’s ultra-rich. Increasingly, they are choosing cities that provide business flexibility, personal freedom, and high-quality living over traditional economic powerhouses. Dubai’s global connectivity, strategic location, and continuous push for innovation have only strengthened its identity as a premier destination for investment, start-ups, and luxury living.