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.
At Skybound Wealth, we deliver tailored wealth management solutions built around you, your goals, your lifestyle, your future.
From investment planning to retirement strategies, tax efficiency to legacy building, we help you take full control of your financial journey, wherever life takes you.
For more information on wealth management contact us today.
Book a consultation with a Skybound Wealth adviser to define your goals.
We assess your assets, financial priorities, and opportunities for growth.
We design a personalized wealth strategy built around your needs and timeline.
Your plan is executed across investments, protection, and financial structures.
We monitor, review, and refine your plan regularly to keep you on course.
A Wealth Strategy Built Around You
At Skybound Wealth, you don’t get an off-the-shelf solution - you get a personalized, cross-border wealth plan designed to protect, grow, and future-proof your financial life.
Wherever you are now, and wherever you want to go, we’re here to turn your goals into a clear, achievable strategy.
Our wealth management services are designed to help you manage, grow, and protect your wealth in a way that aligns with your unique financial goals. Whether you’re focused on optimising investments, achieving tax efficiency, or planning for retirement, we offer comprehensive strategies tailored to your specific needs.
Through a holistic approach to wealth planning, we ensure that every aspect of your financial life is taken into consideration. From asset protection and risk management to estate planning and succession strategies, we provide a full spectrum of services to help safeguard your wealth for future generations.
Our expert team combines years of experience with an in-depth understanding of both the UK and international financial markets, allowing us to offer you a broad range of investment opportunities and tax-efficient solutions. We work closely with you to assess your current financial position, understand your long-term objectives, and create a customised wealth strategy that secures your financial future.
Our ongoing support and regular reviews give you confidence in your financial decisions, knowing that your plan is continuously evolving to meet changing needs and market conditions. With Skybound, you’ll have a trusted partner by your side, ensuring your financial goals are within reach and your wealth remains protected for years to come.
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.
Formulate a wealth plan that’s built for the twists and turns of life with support from Skybound.
Custom-built portfolios designed for your goals, risk appetite, and global footprint - whether you’re investing a lump sum or building wealth through a regular savings plan.
Protect and transfer your wealth smoothly and efficiently to the next generation.
Optimise your finances with cross-border tax-efficient strategies that let you keep more of what you earn.
We help you protect and transfer your wealth to the next generation with minimal tax impact, ensuring your legacy is preserved.
Personalised strategies to secure the future you want, with flexibility to adjust as life evolves.
Manage multi-currency finances and international relocations with expert support.
Jaques, a 52-year-old South African entrepreneur, had accumulated substantial wealth over his career but faced the challenge of passing it on to his children, who lived abroad. He was uncertain about how to efficiently transfer his wealth while ensuring his legacy was protected.
Skybound helped Jaques design a comprehensive estate plan that included a legacy trust and an education fund for his children. We structured his assets for seamless cross-border transfer, using tax-efficient wealth management solutions to minimise tax implications. The plan also included investment strategies that provided flexibility, ensuring Jaques' wealth would be preserved and effectively passed to the next generation.
Jaques now has a clear, well-organised strategy for transferring his $4.2M across three continents. His wealth is structured to ensure that his children will benefit from his legacy without the complexities of cross-border legal issues.
“Skybound gave me peace of mind, knowing that my wealth will pass on to my children as I intended, without any complications.”
Pierre, a French expat in the Gulf, received a $150K bonus and was unsure how to allocate the funds to meet his long-term financial goals. With multiple priorities, education, retirement, and aligning his investments with his personal values, he needed guidance.
Skybound helped Pierre invest his lump sum into a diversified investment portfolio and planned for future growth with regular contributions. We allocated part of the funds to an education savings plan, set aside for retirement savings, and invested in ESG funds that aligned with his values. This approach created a well-rounded, tax-efficient portfolio designed for both financial growth and alignment with his principles.
Pierre now has a diversified investment portfolio that balances his financial goals with his values, ensuring long-term growth while staying true to his principles. With ESG investments and a structured savings plan in place, he’s confident that his financial future is secured.
“Skybound helped me make sure my bonus works for me across multiple areas of my life, andI’m proud to invest in line with my values.”
David, a 38-year-old Australian expat in Singapore, had no pension and dreamed of retiring by age 55. Without a clear strategy, he wasn’t sure how to make it happen.
Skybound helped David develop a personalised retirement plan, focusing on creating a passive income stream through global tax-efficient savings solutions and a diverse investment portfolio. We introduced a regular savings plan that allowed him to build long-term wealth, while ensuring inflation was accounted for to keep his future income growing with living costs.
By age 55, David is on track to receive $3,000 per month from his investments, with income growing in line with inflation. His regular savings plan and offshore investment solutions now provide him with the financial security he needs, with ongoing visibility through the Skybound Wealth App.
“I never imagined I’d be on track to retire at 55, but now I’m on track to do just that!”
Mark, a 49-year-old British engineer, was relocating to the UAE and needed help managing his two old UK pensions. He was unsure about how to handle the pensions and whether they would be properly managed after his move.
Skybound facilitated a streamlined SIPP consolidation, transferring his pensions into a Self-Invested Personal Pension (SIPP). This consolidation provided greater flexibility and control over his retirement funds, especially when it came to currency management for his new life in the UAE.
The transfer allowed Mark to consolidate his pensions into a tax-efficient, flexible income plan, with no loss of benefits and better control over his investments.
“Skybound made the whole process simple and seamless, giving me the confidence that my pensions are in the right place and will work for me as I move forward.”
Lucy, a British expat in Dubai, was self-employed with irregular income streams. Despite her efforts, she lacked a structured savings plan and often felt overwhelmed by her financial situation.
Skybound worked with Lucy to create a tailored financial plan that stabilised her cash flow and brought consistency to her savings. We introduced automated savings through tax-efficient investment strategies like SIPP (Self-Invested Personal Pension) and offshore investment solutions, ensuring long-term growth even during income dips.
Lucy was also introduced to our Skybound Wealth App, which gave her clear, real-time visibility into her financial progress, helping her always stay on top of her plan.
In six months, Lucy built a rainy-day fund covering four months of expenses and continued contributing to her SIPP, even during income dips. With full control over her savings and investments, she now feels empowered by Skybound’s personalised approach and tech-driven solutions.
“For the first time, I feel confident I can invest monthly, and that my moneyis working for me.”
Ian P
Reinhard Mahn
Ammar Abbas