Travel News

By Oluwakemi Abimbola

Abu Dhabi and Dubai have been selected by wealthy Nigerians to protect their wealth against uncertainties, the latest Wealth Report 2025 has revealed.

According to the report by Multipolitan, titled ‘Wealth Report 2025: The Taxed Generation’, published by the international mobility platform, these two cities, alongside Singapore, are ranked as top choices for wealth management.

The Multipolitan’s report indicated that these cities are attractive for long-term wealth preservation due to their legal stability, predictable governance, and infrastructure resilience.

These factors are said to be crucial for Nigerians seeking to protect and grow their fortunes in a volatile global economy.

Commenting, the firm’s Executive Partner for Africa, Chee Okebalama, stated, “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 study revealed further that Nigerian elites are shifting focus from chasing high investment returns to preserving capital against political, economic, and climate-related shocks.

Group Head of Market Development at Multipolitan, Nicholas Michael, stressed that geography now plays as much of a role in wealth strategy as portfolio composition.

“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,” he said.

Additionally, in the report are five other Gulf cities – Manama, Doha, Kuwait City, Riyadh, and Muscat – recognised among the top 20.