UAE ranks as Gulf’s top destination for world's wealthiest

The United Arab Emirates has been placed on the list of top eight countries in the world to receive the largest number of high net worth individuals (HNWIs) in 2017, New World Wealth said in a recent report.

Nearly 5,000 HNWIs— individuals with $1 million or more in net assets— moved into the emirates last year, beating Switzerland, New Zealand, and Singapore.

Australia and the US topped the chart, with each country receiving over 10,000 wealthy individuals, the report revealed.

Dubai was placed on the list of preferred cities for the HNWIs, ahead of Gold Coast, Australia, Los Angeles and New York City, US and Toronto, Canada.

According to New World Wealth, global wealth migration was accelerating, with nearly 95,000 HNWIs migrating in 2017, compared to 82,000 in 2016 and 64,000 in 2015.

Countries ranked by HNWI net inflows, 2017
Country	Net inflow
Australia	10000
United States	9000
Canada	5000
United Arab Emirates	5000
Caribbean	3000
Switzerland	2000
New Zealand	1000
Singapore	1000

Cities with large (1,000+) inflows of HNWIs in 2017
City	Location
Auckland	New Zealand
Dubai	UAE
Gold Coast	Australia
Los Angeles	USA
Melbourne	Australia
Montreal	Canada
Miami	USA
New York City	USA
San Francisco Bay area	USA
Seattle	USA
Sydney	Australia
Toronto	Canada
Vancouver	Canada

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