Abu Dhabi and Dubai have emerged as preferred destinations for wealthy Nigerians seeking to safeguard their fortunes amid global and domestic uncertainties, according to The Wealth Report 2025 by Multipolitan.
The report, titled “Wealth Report 2025: The Taxed Generation”, identifies the two UAE cities, alongside Singapore, as top choices for long-term wealth preservation, thanks to their legal stability, predictable governance, and resilient infrastructure.
These factors are increasingly important for Nigerians looking to shield their assets from political, economic, and climate-related shocks.
Commenting on the trend, Chee Okebalama, Executive Partner for Africa at Multipolitan, said: “Wealth that sleeps in uncertainty isn’t wealth; it’s a risk. Cities like Singapore, Abu Dhabi, Doha, Wellington, and Copenhagen top our indices for their governance, stability, and readiness for the future. We help families gain residency in cities that reflect these values.”
The report notes a significant shift in focus among Nigerian elites, from pursuing high investment returns to preserving capital in stable jurisdictions.
Nicholas Michael, Multipolitan’s Group Head of Market Development, added: “Where you place your wealth can matter just as much as how you grow it. The UAE and Singapore aren’t just attracting capital; they’re protecting it through fiscal prudence and stable governance.”
Beyond Abu Dhabi, Dubai, and Singapore, five other Gulf cities, Manama, Doha, Kuwait City, Riyadh, and Muscat, also made the top 20 global destinations for wealth management.