Why the Rich Are Flocking to Dubai

Dubai has transformed from a small fishing village into a global luxury hub, attracting billionaires seeking low taxes, business freedom, and safety. Russian and international elites flock there to protect wealth from sanctions and high taxes. Dubai offers extravagant lifestyles, unmatched amenities, and easy real estate investment, but also faces criticism for enabling money laundering. Its ambitious vision and rapid development make it a magnet for the world’s ultra-wealthy.

 

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