Updated: Jan 23
More than 200 Dubai residents each own investable assets worth a staggering AED367 million!
It's not surprising that some of the richest people in the world live in Dubai because the city is known for its extravagant living standards and luxurious lifestyle. More than 200 Dubai citizens own investable assets worth more than $100 million, according to recent studies (AED367,300,000).
These extremely wealthy people have amassed their wealth in a number of ways, including real estate, oil, technology, and finance. Some people have inherited fortune, while others have created their own empires from nothing. No matter how they acquired their wealth, one thing is certain: they know how to spend it.
Over 200 centi-millionaires reside in the skyscraper-filled city, according to a research published by Henley & Partners, placing the emirate 18th among top cities.
Furthermore, 4,000 millionaires are expected to move to the UAE in 2022, outpacing countries like Australia, Singapore, Israel, Switzerland, the USA, Canada, New Zealand, the UK, and others, according to a Henley Global Citizens Report.
After Vietnam, India, and Mauritius, it was predicted that the UAE would have one of the markets with the largest growth between 2022 and 2032.