A new influx of wealthy migrants is expected in the UAE

Experts expect that about 4,500 wealthy foreigners will move to the United Arab Emirates in 2023.

It is expected that the UAE will be in second place in the world in terms of the influx of migrants with a fortune of more than $1 million. Australia will be in first place at the end of the year, Singapore will be in third, and the United States will be in fourth.

There are several reasons for the popularity of the UAE among wealthy foreigners. Firstly, the “Golden Visa", which can be obtained for up to 10 years for investments, including in real estate.

Secondly, the local real estate market can offer many options for luxury real estate at relatively affordable prices. Even those millionaires who are not interested in investing in real estate sometimes move to the UAE, or buy an apartment or a house in case of visits to the country.