How to Be a Millionaire in the UAE: The Real Rules of Wealth in 2025
As featured in Arabian Business, Mike Coady, CEO of Skybound Wealth, reveals the real rules to building wealth and why reaching AED 1 million is just the start.
If you're moving to the UAE or already living here, managing money across borders is part of everyday life. From income and investments to school fees and savings, currency transfers in the UAE can have a big impact on your long-term financial outcomes.
At Skybound Wealth, we integrate currency and FX planning into your wider wealth strategy. This means smarter timing, lower costs, and structures that protect your money as it moves between countries, currencies, and goals.
For more information on wealth management contact us today.
We begin with a conversation about your life as an expat, your financial priorities, and how currency transfers fit into the bigger picture.
We map out your global income, assets, and financial commitments, including UAE-based earnings, offshore investments, and overseas expenses.
Your foreign exchange plan is designed to work alongside your investment, savings, and retirement goals, not in isolation.
We monitor currency markets and ensure your transfers are timed and structured to support your evolving wealth strategy
From day-to-day payments to large transfers, we make sure your money is working efficiently across borders as part of a joined-up plan.
Currency transfers in the UAE are often overlooked until they start costing more than they should. Without the right guidance, expats risk poor exchange rates, unnecessary fees, or delays when moving large sums or making regular payments.
We help you:
Access competitive exchange rates and structured guidance to improve the value of every transfer.
Hold and manage assets in different currencies as part of a wider investment strategy.
Move funds for buying or selling property abroad, without unnecessary exchange losses.
Repatriate earnings, bonuses, or investment proceeds efficiently — whether you’re in the UAE short-term or long-term.
Support regular outgoings like tuition fees, mortgages, or family support in multiple currencies.
We don’t see FX as a standalone transaction. It’s part of how you manage, grow, and protect your wealth while living abroad. That’s why our currency planning is always aligned with your overall financial strategy, not treated as an afterthought.
Wherever you are in the world, our team of expert, qualified advisers is ready to guide you.
We bring international experience, local insight, and a personal approach — so you can move forward with clarity and confidence.
Ian P
Reinhard Mahn
Ammar Abbas
Whether you're moving to the UAE or managing life here long-term, we’ll help you take control of currency transfers and make them part of a stronger financial plan.
Book your free consultation today.