‘London's exodus.’
‘Millionaires fleeing in record numbers.’
'The great wealth migration.'
These are just a few of the headlines appearing regularly in global news this year. Whether driven by changes in tax policy, concerns over long-term wealth protection, or simply the pursuit of a better lifestyle, wealthy families are relocating at a pace not previously recorded.
I've broken down what's actually driving this movement — and what families need to know before making this decision — in a detailed video analysis available here:
The UK, in particular, has captured global attention. Last year alone, around 1,000 millionaires moved from the UK to the UAE — a trend that now appears to be accelerating. High-profile names, such as Lakshmi Mittal, have publicly indicated a shift in residency following major changes to the UK's non-dom regime.
Meanwhile, warnings of a 'dangerous brain drain' continue to surface in economic commentary. But these headlines are merely the surface of a much deeper movement: a significant shift in where affluent families choose to live, invest, and build their futures. So, what does this mean for successful families evaluating their next steps? Is this media noise or a genuine signal that strategic relocation matters more than ever?
Before examining why families are choosing the UAE, it is important to understand the larger trend. According to Henley & Partners, around 142,000 millionaires will relocate internationally this year — the highest number ever recorded. The UK alone is projected to see a net outflow of roughly 16,500 millionaires in 2024, with the Autumn Budget creating further uncertainty around wealth, inheritance, property structures, and long-term estate planning. Analysts expect this trend to intensify into 2026 and beyond. At the same time, countries are competing more aggressively than ever for mobile wealth. Many now offer:
Among these destinations, the UAE stands out as the world's number-one wealth magnet. The country expects a net inflow of 9,800 millionaires in 2025, according to the Khaleej Times. This is not random movement — it is a deliberate shift of families and capital towards a jurisdiction that offers both protection and opportunity.
After more than 20 years living and working in Dubai, I have seen firsthand how the right jurisdiction can transform a family's wealth, security, and overall quality of life. While tax efficiency is often assumed to be the only driver, the reality is far broader — and far more important.
Common motivations for high-net-worth relocation
Families are increasingly leaving jurisdictions like the UK due to:
But beyond tax alone, lifestyle and long-term resilience matter deeply.
Real examples from relocating families
A London founder who recently sold their company told me their move was driven by two priorities:
Another family of four relocated to Dubai seeking safety, multiculturalism, healthcare quality, and global connectivity. A year later, they are thriving both professionally and personally. And they are far from alone. Dubai's population surpassed 4 million residents this year — almost double what it was when my family arrived. This is a city, and a country, built for long-term growth.
If you are exploring a move to the UAE — or specifically Dubai — here are the five critical areas you must evaluate carefully.
Understanding your visa options is fundamental. Popular choices include:
Residency should be planned in parallel with your UK tax ties, trust arrangements, estate planning, and global asset map. Early planning prevents costly mistakes and ensures clean transitions.
The UAE offers 0% income tax, no capital gains tax, and no inheritance tax. However, moving from the UK requires sophisticated cross-border structuring. Families should review:
Working with a fiduciary — one legally obligated to act in your best interest — can prevent both non-compliance risks and unnecessary taxation.
Dubai excels in family infrastructure, but careful planning is essential.
Education
The KHDA provides independent school inspections, rating systems, and side-by-side comparisons. Curriculums vary widely — including British, IB, American, and Indian — and fees differ dramatically. My own children have been educated here, and the standards have been outstanding. But research upfront makes a significant difference.
Healthcare
Dubai operates a mandatory private health insurance model. Employers must provide coverage, though the quality and scope vary considerably. Senior executives and entrepreneurs must understand exactly what is included.
Safety
The UAE is one of the safest countries in the world, with exceptionally effective policing. Families consistently cite this as a major benefit of living here.
Housing, schooling, and healthcare all follow different cost dynamics compared with the UK. One family we advised assumed renting would save money. In fact, owning provided far greater stability and long-term value, aligned with their future plans.
Consider:
Optimistic budgeting is one of the most common mistakes. Realistic modelling avoids surprises.
Not every family views the UAE as a permanent home. Some treat it as part of a global mobility portfolio — a strategic hub for an important phase of life. Your plan should allow for:
Flexibility is key. Personally, I value the UAE's growth mindset, multicultural environment, economic strengths, and the lifestyle balance it offers — especially around health, fitness, and family life. After two decades, I have no reason to leave.
Global wealth migration is not slowing — it is accelerating. More high-net-worth families are prioritising countries that offer:
The UAE is set to strengthen its position as a global wealth hub well into 2026 and beyond. WEXIT — the movement of wealthy families out of the UK — is not a media cycle. It is part of a broader realignment of where global wealth chooses to live, work, and thrive. Dubai stands out not simply because of tax benefits, but because it supports the three pillars of long-term success:
If your family is considering Dubai as your next home, or if you want expert guidance aligning your wealth and lifestyle planning — it would be my pleasure to help.
The earlier you begin planning, the more strategic your position will be by 2026.
Sam Instone is CEO at AES International
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