Less Tax, More Luxury: Millionaires Flock To Dubai

The tightly-policed UAE has moulded itself into a magnet for the wealthy, offering economic and political stability with extremely low crime rates, an easygoing business environment and even easier access to luxury (Credit: AFP)

Rich people are flocking to Dubai in record numbers, drawn to the desert city by its zero income tax policy and easy luxury lifestyle that has become harder to maintain elsewhere.

The United Arab Emirates and particularly Dubai have long welcomed wealthy people from nearby countries, and people helping millionaires to move there told AFP it is seeing more Westerners joining the fray.