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Top 10 Richest in United Arab Emirates Rich List

Dubai is considered to be the most innovative country with luxurious development. The city might be considered small compared to other cities of the Middle East, with only 3,302,000 people residing in it; it is considered to be the 2nd most expensive city in the Middle East and being 20th in the world. The city is home to most of the wealthiest people in the UAE, including the people in the list below. Other intriguing locations on the fastest-growing list include Lugano, a prominent Swiss magnet for wealthy European retirees.

Qatar has an unemployment rate of under one percent, one of the lowest in the world. According to information from the Dubai Media Office, the financial sector of UAE reports significant growth of 14% year-on-year increase in the total number of active and registered companies in the UAE. ADGM, a financial free zone and the international financial centre of the UAE capital, will add Al-Reem Island to its current location on Al-Maryah Island. This female entrepreneur is changing the face of jewelry retail in the Middle East, one contemporary brand at a time.

dubai millionaires list

But when it comes to the Netflix hit, who actually is the richest person in Dubai Bling? Dubai skyline, capital of the United Arab Emirates .When you hear anything about the United Arab Emirates, chances are you immediately think of elegance and luxury. Skyline of Kuwait Downtown with Liberation TowerEconomic diversity in Kuwait is minimal because the economy primarily depends on crude oil. Some of the most dubai millionaires list powerful countries in the Arab region surround Kuwait, including Iran, Iraq, and Saudi Arabia. Aerial view of Riyadh downtown in Riyadh, Saudi ArabiaAs you would expect, the economy of Saudi Arabia highly depends on the production and export of petroleum. Saudi Arabia contributes to approximately 18% of the total petroleum production globally, which earns the nation significant respect in the global market.

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DAMAC Properties was ranked first on Forbes’ 2017 Global 2000 list of the fastest-growing international businesses. In order to design the interiors of the AYKON Hotels that will be introduced in Dubai, DICO Worldwide and the Roberto Cavalli Group entered into international hospitality cooperation in 2018. Damac Properties, a luxury real estate developer based in Dubai that Hussain Sajwani created in 2002, has him as its chairman. A person is considered a billionaire if their net worth is at least one billion units of a certain currency, typically a significant currency like the US dollar, the euro, or the pound sterling. Doing so made him one of the richest people of Dubai, with a net worth of $2.6 Billion.

dubai millionaires list

The largest man-made marina ever, the Dubai Marina is one of the most visited places in Dubai. It is built along Interchange 5 on the Jebel Ali Port, surrounded by Al Barsha, Emirates Golf Club, Dubai Media City, Dubai Internet City, and the American University in Dubai, where concierge property management is the norm. Super prime properties abound in Dubai with luxury real estate offerings that include opulent private villas, exquisite penthouses, luxurious apartments, and off-plan residences. Top-tier properties can be found throughout the city; however, as with any city, Dubai has specific neighbourhoods that include some of the best and most sought-after locations for luxury real estate. Farhana kickstarted her professional career at the age of 19 when she began working as a makeup artist and a model, helping to familiarize herself with the fashion industry, The Cinemaholic reported. She used social media to expand her fanbase and keep her audience updated on her fashion and beauty-related content, gaining nearly 1.5 million followers.

Founder of a property development company known as the DACAM Properties and has a private investment company called DICO Group. The company DAMAC Properties was known worldwide and even ranked no. 1 on the annual list of fastest-growing global companies on the Forbes 2017 Global 2000 list. In fact, it has been ranked as the 2nd https://1investing.in/ wealthiest city on earth behind London. It’s not just Dubai that is so prosperous; UAE is also a very wealthy country overall with Abu Dhabi and Sharjah ranking at number 10 and 11 respectively for highest GDP per capita in the world. Reports that she is a fashion designer, social media influencer, and former real estate agent.

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Yusuf Ali Musaliam Veetil Abdul Kader, popularly known as Yusuff Ali M.A. He is a UAE-based Indian businessman and billionaire. And a slew of others have made millions out of feeding our vicarious sensibilities and giving us a glimpse into the lives of the super-rich across the world. Being one of the quintessential luxury capitals in the world, how do you think the uber-rich people in Dubai spend their money?

  • The net worth of Iraqi-British 32-year-old Safa Siddiqui isn’t totally confirmed, with outlets reporting a huge range from $180,000 to around $1.28 million.
  • The Henley report states that Dubai currently has 13 billionaires and 68,000 millionaires.
  • Foreign investors have to be aware of local customs and cultures, especially when they deal with local business partners.
  • Basically, normal people problems but add a couple of million dollars into the mix.
  • The economy mainly relies on hydrocarbons exports, which handle 60% of the country’s budget revenues and 30% of its GDP.
  • The oil reserves found in Oman have made it one of the wealthiest countries in the world.

Through the years, the wealthiest Arab countries have attracted countless visitors from around the world. People love the images of gold buildings, fantastic food, and all the most delicate things in life. However, when talking about the Arab region, one thing comes to most people’s minds first—oil. Ranking 112 globally, Durov is the first UAE resident to be ranked among the top 200 billionaires worldwide. His wealth grew following the change in WhatsApp’s privacy policy which resulted in many people switching to Telegram.

Houston is the largest climber, having risen four places since 2021, while Hong Kong is the biggest faller, having dropped four places from the eighth position last year. According to Andrew Amoils, Head of Research at New World Wealth, Dubai’s wealthy population is rapidly expanding. The emirate, Mumbai , and Shenzhen are anticipated to enter the top 20 wealthiest cities by 2030. Abdulla founded one of UAE’s leading banks “Mashreqbank.” He is the head of Al Ghurair Group. Al Ghurair Group oversees various divisions like including food, construction, and real estate. This is a list of Emirati billionaires based on an annual assessment of wealth and assets compiled and published by Forbes magazine.

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The study defines HNWIs as individuals with wealth of $1 million or more, while multimillionaires have a personal fortune of $10m or more. Centimillionaires have a net worth of $100m or more and billionaires have reserves of $1 billion or more. With having various public and private companies in different countries as well as stakes in big names like Citigroup, Twitter and many hotel chains, Prince Alwaleed possess a net worth of $20.4 Billion.

dubai millionaires list

LJ in Dubai Bling shared two children with Juffali, and he has four other children from previous marriages—meaning much of his wealth was shared across his six children when he died, including Loujain’s. This country’s GDP is currently higher than Japan, France, the UK, and Canada. Also, the currency used in Bahraini is the second-highest valued currency in the entire world, contributing to its ranking on this list. Viola CEO and former NBA player Al Harrington joins Will Yakowicz for an in-depth conversation about the cannabis industry. In September 2015, 45 Emirati soldiers were killed by rebels in one day in Yemen, marking the largest single-day death toll for the nation’s army. Los Angeles is ranked sixth on the index with 192,400 millionaires, followed by Chicago , Houston , Beijing and Shanghai .

Considering all his successful business ventures, Embraheem’s net worth approaches $50 million, making him the richest cast member on Dubai Bling. Kris Fade is the founder of Fade Fit, a healthy snack company, which is now a multimillion-dollar business, Fade told The National News. He also invested in Enhance Fitness, a rental service for fitness trainers, which has grown exponentially and continues to bring in money, per The Cinemaholic. Safa also uses social media platforms, such as TikTok and Instagram, to recommend brands and products through sponsored posts, earning her somewhere around $40,000 per year given her large following. She likely earned around $150,000 per year while holding this position, The Cinemaholic reported.

Coming Up on Dubai Eye

After shifting to the UAE in 1973 and starting a shop for baby products, he has come a long way. Now, he is one of the richest people of Dubai, with a net worth of $3.1 Billion. He is the CEO of Landmark Group, operating in the entertainment and retail industries.

While you’re there, you can visit with some penguins and explore more than 630 retail outlets, over 100 restaurants and cafés, 80 luxury stores, and 250 flagship stores. The company is credited with selling “the only original 100% Natural Long Lasting Rose.” A 2016 report claimed Forever Rose was valued between $21 and $23 million, per The Cinemaholic. Abdulla bin Ahmad Al Ghurair is the Chairman of Mashreq Bank, one of the largest and most profitable banks in the Middle East.

At present, he is said to have pledged $50 million investment in Bill Gates’ Breakthrough Energy Coalition program. The brother of former Lebanese Prime Minister Najib Mikati, Taha Mikati is the current owner of a telecom operator “Investcom” as well as Mikati Foundation and M1 Group. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language.

He founded the company in 2001, when he purchased a major stake in two hospitals to create one of India’s first private healthcare providers. Free trade, a low tax rate, and zero income tax have made Dubai a popular business hub and a wealthy state. Dubai is also the gateway to the East and boasts of the world’s highest international passenger flow. It is a world-renowned destination for all travelers, including the rich and famous. Currently, Dubai stands 23rd in the list of wealthiest cities but is predicted to claim its position in the top 20 by 2030.

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