AB Espresso: Middle-class Britons join wealth exodus to UAE

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In today’s newsletter:

Discover the latest stories from Arabian Business, in case you missed them on Monday:

A growing number of middle-class British families are moving to the UAE, joining the ongoing exodus of wealthy individuals from the UK. Concerns over Britain’s economic outlook and tax policy changes are driving this shift, marking a departure from the past trend of only high-net-worth individuals and senior executives relocating to the Gulf state.

In addition, Dubai’s luxury property market recorded 435 home sales above $10 million in 2024, surpassing the 434 transactions in 2023, according to Knight Frank. The fourth quarter saw 153 such deals, the highest quarterly figure on record, reinforcing Dubai’s position as the world’s top market for luxury real estate.

Moreover, Dubai’s rental market is expected to stabilise in 2025, with prime locations seeing rate increases while new property supply helps curb price spikes in premium neighbourhoods. Some previously affordable areas are also transforming into sought-after residential hubs due to infrastructure improvements and better amenities.

In other news, Dubai has become a hub for social media influencers, with an increasing number relocating from the US, Asia, and Europe. Industry experts cite tax-free income, infrastructure, and lifestyle benefits as key factors driving the trend. Influencers are arriving at a rapid pace, drawn by opportunities for growth and exposure in the city.

Aside from this, a global egg shortage is leading to empty shelves and rising prices, driven by a major outbreak of avian influenza. The virus has led to the culling of millions of egg-laying hens, particularly in the US, disrupting production and affecting supply worldwide.

Until next time, Sharon Benjamin for Arabian Business

THE LONGER READ:

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