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Survey: German Millionaires Eye UAE Amid European Uncertainty

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A new survey by Arton Capital reveals that 37% of high-net-worth Germans are considering relocation, with the UAE emerging as a top choice, spurred by Europe’s economic and political challenges.

A Shift in Wealth Migration

Investor migration consultancy Arton Capital polled 1,000 German residents, each with a net worth exceeding €1 million, and found a growing inclination to leave Europe. Of those surveyed, 37% expressed a newfound openness to emigration following the recent federal election, citing political tensions and economic uncertainties as driving factors.

Why the UAE?

For many respondents, the UAE’s rising global influence and strategic economic policies hold particular appeal. The Emirates recently broke into the top 10 of the world’s most powerful passports, becoming the first Arab nation ever to reach such a ranking. This breakthrough, combined with stable growth and business-friendly regulations, has solidified the UAE’s position as a key hub for expatriate wealth.

Additionally, the UAE’s investor-friendly environment and emerging financial centers encourage high-net-worth individuals seeking secure business operations, quality lifestyle, and strong global connections.

Growing European Tensions

The survey points to increasing political friction in Europe and wariness about future tax and social policy changes. Many German millionaires, worried about asset protection and personal freedoms, are ready to explore jurisdictions that offer stability and global reach. The UAE’s consistent modernization efforts and track record of economic resilience address these concerns.

Passport Power and Global Mobility

Analysts highlight the UAE’s recent milestone—entering the top 10 most powerful passports worldwide—as a major factor for relocation. A more accessible visa regime, robust infrastructure, and cultural openness make the Emirates an attractive destination for those seeking a secure base with extensive travel freedom.

Potential Impact

While this trend underscores Germany’s internal challenges, it also speaks to the UAE’s success in positioning itself as a magnet for global capital and talent. Should even a fraction of these German HNWIs ultimately relocate, the influx of investment, entrepreneurship, and consumption could further reinforce the UAE’s reputation as a leading global business and lifestyle destination.