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Dubai took the top spot, followed by New York and then Singapore, with Abu Dhabi in fifth, the consultancy said in its inaugural HNWI Hotspot Index, released on Tuesday.
The report analysed nearly 100 destinations on five metrics: business environment and wealth clustering, family infrastructure and cost, legacy planning, lifestyle, and privacy.
“Each of these cities offers the full suite of strong business and family environments, legal structures that make redistributing straightforward, strong lifestyle provisions and high levels of security and privacy,” the study said.
Savills did not disclose its exact definition of an HNWI, but the term commonly means a person with more than US$1 million of highly liquid assets.
In 2024, more than 680,000 individuals were minted as new US-dollar millionaires, the study said. By 2029, 5 million more are expected to join their ranks, an increase of about 9 per cent over 2024 levels.
