Dubai has officially earned a spot among the top 20 richest cities in the world. The city is now home to 81,200 millionaires, 237 centi-millionaires—people who have more than $100 million in assets—and 20 billionaires.
This information comes from the “World’s Wealthiest Cities Report 2024,” which was put together by Henley & Partners along with New World Wealth. The report shows that Dubai has moved up three places to reach the 18th position globally in terms of the amount of wealth held by people living there.
Dubai’s rise in the rankings reflects its growing reputation as a global center for business, investment, and luxury living. More and more wealthy individuals from around the world are choosing Dubai as a place to live, work, and grow their fortunes.
The report also points out that Dubai is leading the way among Arab cities when it comes to the number of wealthy residents. It has become one of the fastest-growing cities in the world for millionaire growth, showing just how attractive it has become for high-net-worth individuals and investors looking for new opportunities in a vibrant and fast-developing environment.
