UAE among top 10 countries attracting German millionaires in 2025

Image Source – Pranjal Srivastava (Prexel)

According to a new survey, the UAE was ranked seventh out of the top 10 destinations where German millionaires plan to relocate in the next 12 months. The study by Arton Capital surveyed 1,000 German millionaires aged 18-70 between February 24 and March 3, 2025. The respondents were mostly High-Net-Worth Individuals (HNWIs) with a net worth of €1 million while 18% had net worth over €5 million in assets. 

The slowing German economy, high taxes, and the rise of far-right parties in European countries were the major reasons for German millionaires to relocate abroad. The UAE ranked seventh on the list, with 11% of HNWIs considering the country a preferred destination. The other top six countries included Canada, Australia, the US, New Zealand, Spain, and the Netherlands. 

The UAE – Best Country for Expats to Live, Work & Invest Globally. 

The decision to relocate to the UAE was based on the country’s safety, security, zero income tax, and high returns in the real estate sector. Over the past five years, the UAE is becoming an increasingly attractive destination for German investors and 11% of German millionaires are considering the country as a second home or residence. According to Armand Arton (CEO of Arton Capital), Germany’s struggling economy, which is yet to fully recover from the COVID-19 pandemic, rising cost of doing business, and surging energy prices resulting from the Ukraine-Russia war were major factors to consider other countries. 

Meanwhile, UAE’s stability has attracted German millionaires and offers a high level of safety, which is a major concern for wealthy individuals in Europe. The UAE also presents lucrative investment opportunities in the real estate market and promises a strong economic growth for 2025 and beyond. In addition, the lack of personal income tax makes UAE a more favorable destination and is considered a key factor in attracting Germans to the country.

Germany – UAE’s Major Trading & Economic Partner

It is to be noted that Germany remains UAE’s most important economic partner with non-oil trade between the two nations reaching €12.8 billion in 2024—an increase of 5.4% from the previous year and nearly double the global trade growth average. Within the European Union (EU), Germany is the UAE’s second-largest trading partner and ranks 13th globally, highlighting the resilience of their long-standing economic ties and the consistent growth of bilateral trade. Both countries are now seeking to explore new opportunities for collaboration in renewable energy, Industry 4.0, industrial technology, logistics, and advanced manufacturing.

As a top market research company in the UAE, we assist European brands and investors in successfully expanding their businesses in the region. Having been based in Germany for over three years, I would be happy to schedule a call to discuss further. Feel free to reach out at waqas@researchkonnection.com or +4915781715160.