Dubai is no longer just a regional powerhouse. It has become a magnet for global wealth migration. With over 7,200 millionaires relocating to the UAE in 2024 alone (Henley & Partners), the city continues to attract global citizens seeking more than just a residence. They are drawn by the promise of long-term value, enhanced security, and greater global mobility.
This movement is mirrored in Dubai’s real estate performance, particularly in the ultra-luxury space. From waterfront addresses like Palm Jumeirah to the estates of Emirates Hills, Dubai has emerged as one of the world’s most desirable second-home markets.
The continued inflow of global wealth is directly influencing Dubai’s prime real estate transactions. These are not short-term purchases; they are strategic moves by UHNWIs securing global bases for family and capital. Supporting this trend are record-setting figures:
- Dubai recorded 435 transactions above $10 million in 2024, totaling $7.1 billion in value. In Q1 2025 alone, 12 properties crossed the $25 million threshold, just behind Q4 2024’s 15 ultra-prime deals (Economy Middle East).
- Palm Jumeirah led the ultra-luxury market in Q1 2025, recording 34 $10M+ transactions worth $562.8 million. Emirates Hills followed with 15 sales totaling $356.7 million (Economy Middle East).
These exceptional figures reflect not just transactional momentum but the deeper structural advantages that continue to position Dubai as the preferred second-home destination for global investors.
What makes Dubai stand out among other international hubs like London, Singapore, or New York? The answer lies in a combination of access, security, tax neutrality, and lifestyle quality, each carefully embedded into the city’s long-term master plan.
Ownership, Tax & Residency Advantages
- Full freehold rights: Foreign investors are permitted to purchase property with complete ownership in designated freehold zones, encompassing both the land and the built structure—an advantage not commonly available in other global cities.
- Zero tax burden: Dubai offers a rare tax environment, with no annual property tax, no inheritance tax, and no capital gains tax on real estate holdings. This creates a highly efficient structure for wealth preservation and estate planning.
- Golden Visa eligibility: A real estate investment of AED 2 million or more grants eligibility for Dubai’s long-term residency programme, including renewability and family inclusion benefits, adding both security and mobility to one’s investment (UAE Government).
These frameworks offer the predictability, control, and legal clarity that high-net-worth individuals expect when allocating capital across borders.
Safety, Infrastructure & Family-Friendly Living
- Global safety rankings: Dubai consistently ranks among the safest cities in the world, thanks to low crime rates, proactive governance, and a robust civil surveillance network—factors that weigh heavily in second-home decisions.
- World-class urban infrastructure: The city is home to internationally accredited schools, cutting-edge hospitals, and premium recreational zones, ensuring residents do not have to compromise on education, healthcare, or lifestyle standards.
- Planned neighborhoods and smart services: From traffic efficiency to digitized municipal services, Dubai’s master-planned communities offer a seamless living experience, supporting everything from work-from-home professionals to global families.
This commitment to quality of life ensures Dubai meets the expectations of discerning residents seeking security, comfort, and day-to-day efficiency.
Strategic Geography & Global Connectivity
- Geopolitical positioning: Dubai’s location within a 7-hour flight radius of Asia, Europe, and Africa offers unparalleled access to major global financial and business hubs, making it ideal for investors managing international portfolios.
- Airline and airport infrastructure: Dubai International Airport (DXB) and Al Maktoum International (DWC) collectively connect the city to over 240 destinations, offering world-class logistics for both business and personal travel (Government of Dubai).
- Operational advantage: For global citizens managing assets and families across continents, this location becomes an operational advantage, not just a geographic one./li>
This strategic geographic positioning reinforces Dubai’s appeal as a seamlessly connected global hub—an essential factor for mobile, asset-diverse investors.
Currency Stability & Investment Confidence
- Stable currency: The UAE Dirham’s peg to the US Dollar protects investors from the kind of currency volatility seen in many emerging markets, providing predictability in cross-border financial planning.
- Robust regulatory ecosystem: Institutions like the Dubai Land Department and RERA (Real Estate Regulatory Agency) ensure transparent processes, legal recourse, and investor protections, fostering long-term trust in the market.
This foundation of monetary and legal stability makes Dubai a credible, future-ready base for strategic asset holding.
Year-Round Lifestyle Appeal
- Unmatched climate and lifestyle mix: Dubai’s 320+ days of sunshine, coupled with its beaches, golf courses, and wellness hubs, create an all-season lifestyle few cities can rival.
- Cultural and culinary diversity: From Michelin-star dining to international art fairs and high-fashion retail, the city offers a global lifestyle experience rooted in convenience and luxury.
These elements make Dubai more than just a part-time residence. It becomes a second base for entertaining, living, and integrating family, leisure, and business with ease.
Dubai’s rise as a preferred second-home destination is no coincidence; it is the result of deliberate, long-term planning around ownership freedom, tax neutrality, and global connectivity. As millionaire migration and wealth redistribution accelerate globally, Dubai is setting a new benchmark for what a second home can represent.
At SQUAREA,we offer discerning investors access to Dubai’s most coveted residential assets, from waterfront villas to branded residences—curated to align with both lifestyle aspirations and capital strategy.
For bespoke opportunities, contact us at hello@squarea.io or call +91 90 9641 9641.