Dubai’s crazy rich Chinese

中国富豪疯狂涌向迪拜

Economist

2026-02-21

10 分钟
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  • Lee hsien loong, Singapore's former prime minister, recently gave some advice to foreigners in the city-state:

  • "Please keep the bling down."

  • Mr Lee counselled rich incomers not to go popping expensive champagne or driving Ferraris loudly at night.

  • Such excess may grate on locals.

  • Happily, social mores are different in Dubai,

  • reckons Li Guo, a transplant to the Gulf city and owner of an Italian sportscar.

  • Mr Li is one of many wealthy Chinese who are moving, with their cash, to Dubai.

  • A stagnant economy at home and America's use of financial sanctions is pushing some to diversify their holdings.

  • Many private investors are looking beyond Singapore, long favoured by China's rich-listers,

  • in search of another sunny, safe and low-tax jurisdiction.

  • Chinese firms facing low-spending consumers at home also seek rich, growing markets beyond America and Europe.

  • For both groups, Dubai holds promise.

  • By China's own estimates, 370,000 of its citizens live in the uae, while 15,000 of its firms operate there.

  • Both figures have roughly doubled since 2019.

  • Chinese investors are part of a larger migration of private wealth to the uae,

  • according to Henley & Partners, an advisory firm that tracks the minted and mobile.

  • It reckons that the uae saw a net inflow of nearly 10,000 dollar-millionaires in 2025.

  • Singapore, on the other hand, saw its annual net intake halve to around 1,600.

  • More than 1,250 private-investment vehicles, including family offices,

  • now operate in Dubai's offshore financial centre, up from 800 at the end of 2024.