Dubai, New York, Singapore, Hong Kong, and Abu Dhabi lead the charge in the Savills HNWI Hotspot Index. These cities offer a compelling blend of pro-business environments, robust legal frameworks, high-quality education, and lifestyle appeal.

Notably, Singapore and Abu Dhabi score highly for economic competitiveness and connectivity. while Dubai leads in international school provision with strong GDP per capita and growth across their economies, Abu Dhabi, Singapore, and Hong Kong excel in the business pillar of the index.

Access to the best shopping, hospitality and healthcare remains key. London ranks first in the lifestyle rankings for its depth of offering across shopping, dining, hospitality, members’ clubs and quality of life with Singapore coming in seventh. In the face of shifting tax regimes in the United Kingdom, the fact that London remains the top destination for lifestyle factors demonstrates the ongoing appeal of the British capital.

The top destinations by number of retail shops for top brands are unsurprisingly Tokyo, Seoul, New York City, Paris and London – the fashion capitals of the world. Brands are also taking notice and opening permanent stores and pop-up shops in destinations such as St Moritz in February, and the Hamptons and the Côte d’Azur in August – demonstrating the growing importance for brands to follow their customers year-round.

Financial services, especially FinTech, are another core focus. ESG and impact investing are no longer niche – they are central to portfolio strategy, with capital flowing into renewables, social enterprises and green bonds. Family offices, especially in hubs such as Singapore and Switzerland, are evolving into sophisticated vehicles for legacy planning, philanthropy and institutional-grade investing.

Over half of the top 100 family offices by assets under management are clustered in the United States. However, this is more a testament to wealth generation through investments and company growth, as well as the wealth management structures necessary in the United States, rather than the tax environment, which is still relatively favourable. In second place, with seven of the top 100 family offices, is the United Kingdom, followed by Denmark, Singapore and Germany – with four each in the top 100.

Singapore, Dubai and Monaco each also feature in the top five locations for legacy and deliver favourable tax environments, with no inheritance, capital gains or wealth taxes. Singapore only has a 24% income tax.

Real estate remains foundational, particularly traditional residential and office assets. For those looking to diversify their portfolios, there are new classes demanding attention, particularly logistics, data centres and sustainable developments, while private equity and venture capital continue to attract capital for their outsized return potential.

The rankings form part of Savills inaugural Spotlight on Wealth Trends, published today, providing a comprehensive view of the evolving preferences of high-net-worth individuals (HNWIs) across the globe. The report analyses nearly 100 destinations through five key metrics: business environment and wealth clustering, family infrastructure and cost, legacy planning, lifestyle, and privacy, revealing a dynamic reshaping of global wealth migration.

Kelcie Sellers, Associate Director, Savills World Research, “Owners are holding onto their assets for longer, with an emphasis on lifestyle rather than quick returns. Location remains critical. It is a lifestyle shift comparable to the expansion of air travel in the 1960s and 1970s, but driven today by the digital world, rather than affordability.

“In resort and coastal areas, proximity to the water is a major draw, as well as privacy and space. Turnkey remains the gold standard, with fully equipped and ready-to-enjoy properties attracting the most interest.”

Europe remains a stronghold for wealth, with Monaco (6^th), London (10^th), and Geneva (11^th) ranking as the top three destinations. Rome (19^th), Milan (23^rd), and Lisbon (26^th) are emerging as rising stars, driven by favourable tax regimes and a high quality of life.

Asia-Pacific cities including Singapore (3^rd), Shanghai (16^th), Bangkok (17^th) and Tokyo (24^th), make the top 30, driven by connectivity, economic clustering and luxury lifestyle offerings. Significant economic growth in the region has led to an increase in wealthy individuals, with Sydney (34^th), Kuala Lumpur (35^th) and Seoul (38^th) sitting just outside the top 30.

More than half of the North American locations analysed rank in the top 30 with a clustering effect around New York (2^nd) and The Hamptons (31^st), Los Angeles (7^th) and Malibu (21^st), San Francisco (12^th) and Monterey (41^st) and Miami (8^th), and Palm Beach (30^th), demonstrating that even when getting away from it all, people still want to be close to urban centres.

The report also highlights that wealth is no longer confined to the city. Countryside and ski destinations, such as Tuscany (22^nd), Jackson (28^th), Aspen (9^th), and Zermatt (15^th), feature prominently, increasingly viewed not just as retreats but as permanent bases, reflecting a growing preference for year-round leisure, wellness and connectivity.

Yap Hui Yee, Executive Director, Investment Sales & Capital Markets, Savills Singapore, “Singapore continues to distinguish itself as a trusted hub for global capital and wealth management. The city’s transparent regulations, robust financial ecosystem, and depth of high-quality real estate underpin its appeal to high-net-worth individuals and family offices seeking both stability and long-term value. Its position as a global wealth hub is further reinforced by the strength of its real estate fundamentals – limited supply, strong economic governance, and investor confidence continue to support asset values across both commercial and hospitality sectors. Family offices and private investors are taking a long-term view, recognising that real estate in Singapore is not merely a financial investment, but a strategic anchor for capital preservation, legacy planning, and lifestyle enhancement”

Kelcie Sellers, Associate Director, Savills World Research, “The new map of wealth is more fluid, decentralised and globally distributed than ever before. Where talent and capital converge wealth follows. In this new era, the next hotspot may be less about legacy and more about agility, vision and the ability to attract the globally mobile.”

Click here to read the full report: Savills | Spotlight on Wealth Trends