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.
Legacy planning might not be top of your list of priorities If you’ve recently, or are in the process of moving to the UAE, but it should be. Expat life comes with unique financial responsibilities, and without the right structures in place, your assets could be at risk.
Skybound Wealth helps expats living in the UAE create legacy plans that protect their families, preserve their wealth, and ensure everything is passed on clearly and efficiently. We work across borders, time zones, and jurisdictions to keep your plan aligned with your goals.
For more information on wealth management contact us today.
We begin with a conversation about your priorities, values, and the legacy you want to leave behind.
We assess your current assets, liabilities, family circumstances, and cross-border considerations.
You receive a personalised legacy planning strategy tailored to your needs in the UAE and abroad.
We revisit and refine your legacy plan regularly to reflect changes in your life or the law.
With everything in place, your family is protected, and your wealth is passed on in the way you intended.
The UAE has no automatic recognition of foreign wills and follows Sharia law in the absence of a clear legal plan. That means assets can be frozen, misallocated, or delayed in probate, even if you’ve made other plans before arriving in the region.
Legacy planning in the UAE helps you:
Create valid, enforceable documents that protect your family in the UAE.
Coordinate your estate across multiple countries to keep it efficient and compliant.
Use long-term structures to control, protect, and transfer wealth securely.
Mitigate tax liabilities and ensure your heirs receive what you intended.
Create continuity across generations for privately owned businesses and assets.
With over 20 years of experience supporting expats, we understand the challenges of legacy planning when moving to the UAE. From local documentation to global asset coordination, we make the process clear, compliant, and personal.
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
If you’re moving to the UAE, now is the time to put the right legal and financial protections in place. Let’s make sure your legacy is secure, and your family is never left unprepared.
Book your free legacy planning consultation now.