Dubai, New York, and Singapore have emerged as the leading destinations for high-net-worth individuals (HNWIs), according to the latest Savills HNWI Hotspot Index. These cities are celebrated for their pro-business environments, robust legal frameworks, and high-quality lifestyle offerings, making them attractive hubs for global wealth.
The index highlights Singapore and Abu Dhabi for their economic competitiveness and connectivity, whilst Dubai excels in international school provision. London, despite shifting tax regimes, remains the top lifestyle destination, underscoring its enduring appeal. The report also notes the prominence of Tokyo, Seoul, New York City, Paris, and London as top retail destinations for luxury brands.
Family offices are increasingly sophisticated, with over half of the top 100 by assets under management located in the US. The UK, Denmark, Singapore, and Germany also feature prominently. Singapore, Dubai, and Monaco are noted for favourable tax environments, lacking inheritance, capital gains, or wealth taxes.
Real estate remains a cornerstone of wealth portfolios, with a growing interest in logistics, data centres, and sustainable developments. The report, part of Savills’ inaugural Spotlight on Wealth Trends, analyses nearly 100 destinations, revealing a dynamic reshaping of global wealth migration.
Kelcie Sellers, Associate Director at Savills World Research, remarked on the shift towards lifestyle-driven wealth management, stating, “Location remains critical. It is a lifestyle shift comparable to the expansion of air travel in the 1960s and 1970s, but driven today by the digital world.” The findings suggest a more fluid, decentralised distribution of wealth, with new hotspots emerging based on agility and vision.
