India, June 30 -- The UAE is eyeing to become the world's major destination for high-net-worth individuals (HNWIs) in 2025, with the potential inflow of 9,800 millionaires, Gulf News reported, quoting the latest Henley & Partners Private Wealth Migration Report.

The number places the Middle East nation ahead of its global rivals and makes it a premier destination for high-net-worth individuals.

According to reports, the Dubai International Financial Centre (DIFC) has emerged as a hotspot for ultra-wealthy families.

It now hosts 120 family offices managing $1.2 trillion in assets, reported Gulf News.

Sunita Singh-Dalal, Partner at Hourani, told Gulf News, "The UAE's ability to offer secular legal structures for marriage, divorce, and i...