Dubai Tops New York as Best Spot for Global Elite, Rankings Show

For the world’s rich, there’s no location more accommodating than Dubai.

That’s according to research by real estate broker Savills Plc, which ranked 30 global cities by their appeal to high-net-worth individuals. The emirate is attracting a flurry of wealthy movers, many of whom are drawn to the city’s tax advantages — zero inheritance, capital gains and wealth taxes — as well as strong family infrastructure and high levels of security, Savills said.

In Dubai, “many international schools are reporting longer waiting lists as new families move to the city,” Savills wrote to clients in a report seen by ...