HH Sheikh Mohammed bin Rashid al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, recently tweeted that “Dubai aims to double the size of its economy in the next decade and become one of the top 3 economic cities around the world”. Dubai is clearly emerging as a preferred wealth hub for many entrepreneurs and wealthy families in Asia as they take advantage of favourable policies and expand their businesses. A growing number are setting up offices in Dubai. The UAE saw the highest net inflow of millionaires in the world in 2022 and was estimated to have received a net inflow of another 4,500 in 2023 according to Henley & Partners. The DIFC in Dubai launched the Global Family Business and Private Wealth Centre last year to help wealthy individuals and businesses deal with governance and cultural issues. Other recently introduced incentives include the setting up of the Golden Visa programme. Cameron Harvey, founder and CEO of Hong Kong-based Landmark Family Office, has described Dubai and the wider Middle East as “really booming” and indicated the firm's Dubai office would be used to help clients based in China, Southeast Asia, and Australia find investment opportunities in the Middle East. Singapore-based multi-family office Farro Capital has also opened an office in Dubai as it looks to tap into the Middle East wealth market. Overall, these developments serve to reinforce the status of Dubai as a preferred wealth hub for many entrepreneurs and rich families in China and the ASEAN countries as they seek to take advantage of favourable opportunities for wealth creation and expansion of their businesses.