--- title: "The Post-Election Exodus: Why UK Residents Are Flocking to Dubai" description: The new foreign income and gains (FIG) regime has created uncertainty, prompting many UK residents to seek stability elsewhere image: https://getstake.com/hubfs/WEBP_Image_2026/post%20election.webp --- [![Stake logo](https://getstake.com/hubfs/Imported%20images/Stake%20logo.svg) ](https://getstake.com/?hsLang=en) [ Login ](https://app.getstake.com/login) [ Sign up ](https://app.getstake.com/onboarding/signup/create-account) [ Properties - Invest in premium properties from AED 500 - Diversify your portfolio with fractional shares - Monitor performance and receive dividends ](https://getstake.com/properties?hsLang=en) [ Funds - Access institutional-grade real estate funds - Build a diversified fund portfolio - Earn attractive yields with quarterly distributions ](https://getstake.com/saudi-arabia?hsLang=en) [![svgviewer-output](https://getstake.com/hubfs/svgviewer-output.svg) - Invest fully in off-plan or ready properties - Manage, sell and earn rent on your property - Track your investments in real-time ](https://getstake.com/stakeone?hsLang=en) © 2026 Stake. All rights reserved. Stake for Android Stake for iOS [![reward](https://getstake.com/hubfs/reward.png) Tiers & Rewards Earn more as you move up Stake’s investor tiers ](https://getstake.com/tiers-and-rewards?hsLang=en) ![visa-programs](https://getstake.com/hubfs/visa-programs.png) Visa programs [Golden Visa A unique UAE Golden Visa

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Stake for Android Stake for iOS - - [Articles](https://getstake.com/content-hub/blog/articles) - The Post-Election Exodus: Why UK Residents Are Flocking to Dubai [![Learn icon](https://getstake.com/hubfs/Learn%20icon.svg) Market Insights ](https://getstake.com/content-hub/blog/articles/topic/market-insights?hsLang=en) 6 min read # The Post-Election Exodus: Why UK Residents Are Flocking to Dubai Date 11 July 2024 ![Aya Abi Issa](https://getstake.com/hs-fs/hubfs/Aya%20Stake.png?width=50&height=50&name=Aya%20Stake.png) Written by Aya Abi Issa ![The Post-Election Exodus: Why UK Residents Are Flocking to Dubai](https://getstake.com/hs-fs/hubfs/WEBP_Image_2026/post%20election.webp?width=800&height=450&name=post%20election.webp) ![Table icon](https://getstake.com/hubfs/Table%20icon.svg)Table of contents Key takeaways 1 UK tax reforms and immigration policies are driving HNWIs and professionals to seek alternatives abroad. 2 Dubai offers tax-free income, long-term residency options, and a luxurious lifestyle. 3 British investment in Dubai real estate surged 43% in Q1 2024 amid growing migration trends **Why are UK residents choosing Dubai as their new home post-election? **The recent changes in UK policies are expected to trigger significant migration, especially among high-net-worth individuals (HNWIs) and skilled professionals. This blog explores the factors driving this exodus and why Dubai is becoming their preferred destination. ## **The Political Shift: Key Changes Sparking Migration** **What has changed in the UK post-election?** The new government’s stringent policies on immigration and tax reforms have created uncertainty, prompting many to seek stability elsewhere. ### **Key Policy Changes and Their Impact** #### **Let’s Start With Who Are the Non-doms:** Non-doms (non-domiciled individuals) are UK residents but are not UK nationals in the UK.  They may have foreign nationality or domicile but live in the UK and are subject to UK-specific tax rules.  The non-dom status allows them to be taxed differently on their foreign income and gains. #### **Abolition of Non-Dom Tax Status** Starting from 6 April 2025, the UK will abolish the non-dom tax status.  It will be replaced by the new foreign income and gains (FIG) regime, allowing non-doms to not pay UK income tax and capital gains tax on their foreign income and gains for up to four tax years. After four years, all foreign income and gains will be taxed in the UK, regardless of whether they are brought into the country. This shift is part of a broader modernization effort to end preferential tax treatments that incentivize keeping income offshore. Thus, this change affects many with significant foreign income, prompting them to consider relocating to more tax-friendly environments like Dubai. According to Henley Private Wealth Management on millionaire migration trends, the UK is projected to see an exodus of 9,500 millionaires—more than double the number that left in 2023. **Recap & Key Points:** - **Current rule:** Non-doms pay UK tax only on UK earnings. - **New rule: **From April 2025, non-doms will be taxed on global income after a four-year grace period. - **Impact:** This reform is estimated to raise £2.7 billion annually by 2028/29, which is in addition to the current £8.5 billion that non-doms pay in UK tax each year. #### **Stricter Immigration Controls** New immigration policies have tightened controls on non-UK residents, affecting: - **Highly skilled workers:** Doctors, scientists, and tech professionals face challenges securing long-term residency. - **International students: **The new system imposes more stringent visa requirements compared to the pre-Brexit era. **Data:** - **Net migration changes:** Post-Brexit, non-EU net migration rose sharply, while EU net migration fell into negative territory. - **Sector impact: **Health and care industries saw the highest demand for migrant workers, driven by policies introduced in 2022. ### **Zooming In: Migration Data and Trends** The composition of net migration has changed drastically since the Brexit referendum. Shortly before the 2016 referendum, EU citizens made up a majority of all net migration to the UK.  However, this began to fall post-referendum, even though the UK remained part of the EU until 2020. **Net Migration of EU and Non-EU Citizens in the UK:** ![UK Residents](https://getstake.com/hs-fs/hubfs/WEBP_Image_2026/image%20(1).webp?width=550&height=273&name=image%20(1).webp) This shift is largely due to the post-Brexit immigration system, which is more restrictive towards EU citizens and more liberal towards non-EU citizens.  In 2022, non-EU net migration reached 892,000, driven primarily by migrant workers and international students. ## **Why Dubai? A Magnet for Investors** The United Arab Emirates has been identified as the leading destination for attracting millionaires in 2024, according to a report by Henley Private Wealth Management on millionaire migration trends. The country’s zero income tax rate, luxurious lifestyle, and golden visa program are expected to attract 6,700 new millionaires this year alone. Although the influx of Russians moving to the UAE has recently slowed, this has been partly balanced by a growing number of European and British immigrants. ### **A Closer Look: Dubai’s Strategic Advantages** Dubai offers numerous benefits that make it an attractive destination for those leaving the UK: - **Tax-free environment:** Dubai does not impose a personal income tax, making it a haven for HNWIs. - **Robust infrastructure:** The city boasts world-class infrastructure, supporting both business and lifestyle needs. - **High living standards:** The quality of life in Dubai is exceptional, with top-tier healthcare, education, and recreational facilities. ### **Demographic Shifts in Dubai’s Property Market** Recent reports indicate a significant demographic shift in Dubai’s real estate market.  While interest from Russian buyers has cooled, other international investors, including those from the UK, have stepped in. #### **Key Insights** - **British investors:** Data from leading Dubai property agencies shows a surge in transactions from UK nationals. In Q1 2024, transactions from UK customers soared by 43% compared to the same period last year. ### **Economic Opportunities in Dubai** #### **Real Estate Investments** Dubai’s real estate market is known for its high returns and resilience. Key benefits include: - **High rental yields:** [Dubai offers higher rental yields compared to major UK cities](https://getstake.com/content-hub/blog/articles/dubai-vs-london-real-estate/?hsLang=en). - **Diverse and affordable investment options:** From luxury villas to affordable apartments, there are opportunities for all investment levels. - **Economic stability and growth: **Dubai’s diverse economy, driven by sectors like tourism, technology, and real estate, promises a stable market for investors. Unlike the uncertain economic conditions in the UK post-Brexit, Dubai’s proactive measures ensure continued growth. > According to Dominic Volek, Group Head of Private Clients at Henley & Partners, “An unprecedented 128,000 millionaires are expected to relocate worldwide this year, surpassing the previous record of 120,000 set in 2023.” ### **Shifting Preferences: Luxury Still Reigns** #### **Popular Areas for Investment** - **Dubai Marina** - **Palm Jumeirah** - **Downtown Dubai** These areas are known for their luxury properties and high-end amenities, attracting many British investors. ### **Dubai’s Golden Visa: A Long-Term Solution** Investing in Dubai real estate can also secure long-term residency through programs like the Golden Visa.  This has become a major draw for retirees and professionals seeking stability and a high quality of life. Read more on [**UAE Property Golden Visa – How It Works**](https://getstake.com/content-hub/blog/articles/uae-property-golden-visa-with-stake/?hsLang=en) **Ending note:** The recent political and economic changes in the UK are expected to lead many residents to look for better opportunities abroad.  Dubai, with its favorable tax environment, robust infrastructure, and high standard of living, stands out as an attractive destination.  Whether it’s for investment or long-term residency, Dubai offers compelling reasons for UK residents to consider making the move. ### **Additional Source Information** For detailed insights on the UK’s non-dom tax changes and their impacts, refer to the[ **BBC News article**](https://www.bbc.com/news/business-61025426) published on April 9, 2024. For migration data, see the [**Migration Observatory article**](https://migrationobservatory.ox.ac.uk/resources/briefings/long-term-international-migration-flows-to-and-from-the-uk/) published on June 13, 2024. ![quote1](https://getstake.com/hubfs/quote1.svg) > Did you know? 1 million US dollars in Dubai’s prime residential market can get you 980 sq. ft of real estate which is 3-4x more what you can get in London, Paris, or even Singapore Aya Abi Issa Senior Content Specialist ![quote2](https://getstake.com/hubfs/quote2.svg) ![Aya Stake](https://getstake.com/hs-fs/hubfs/Aya%20Stake.png?width=227&height=295&name=Aya%20Stake.png) About the author With 10+ years of experience in bilingual content, SEO, and fintech storytelling, Aya crafts compelling, data-driven content that simplifies real estate investing for everyday investors. She specializes in turning complex financial topics into engaging narratives, whether through blogs, newsletters, or high-converting landing pages. **Follow ****[Aya](https://www.linkedin.com/in/aya-abi-issa-/)**** for insights on:**  real estate investment, fractional ownership, passive income, property funds, and financial freedom. Aya Abi Issa Senior Content Specialist [ Back to articles ](https://getstake.com/content-hub/blog/articles) Scroll - - - - - [mailto:?body=https%3A%2F%2Fgetstake.com%2Fcontent-hub%2Fblog%2Farticles%2Fuk-residents-moving-to-dubai%2F](mailto:?body=https%3A%2F%2Fgetstake.com%2Fcontent-hub%2Fblog%2Farticles%2Fuk-residents-moving-to-dubai%2F) - ## Related Articles [![Dubai vs. London Real Estate: Which Is The Best Option For You?](https://getstake.com/hs-fs/hubfs/WEBP_Image_2026/Dubai%20vs%20london.webp?) ](https://getstake.com/content-hub/blog/articles/dubai-vs-london-real-estate/?hsLang=en) ![Learn icon](https://getstake.com/hubfs/Learn%20icon.svg) Market Insights 4 min read ### [ Dubai vs. London Real Estate: Which Is The Best Option For You? ](https://getstake.com/content-hub/blog/articles/dubai-vs-london-real-estate/?hsLang=en) ![Aya Abi Issa](https://getstake.com/hs-fs/hubfs/Aya%20Stake.png?) 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