Dubai ranks 1st in MENA and 23rd in world in list of wealthiest cities of world

Dubai secured position first in the Middle East and North Africa (MENA) region, and 23rd in the world, in the list of wealthiest cities of the world for the third quarter of 2022.

Dubai secured position first in the Middle East and North Africa (MENA) region, and 23rd in the world, in the list of wealthiest cities of the world for the third quarter of 2022.

This came as per the reports issued by the British company Henley & Partners on Tuesday, September 13. The report showed that 67,900 millionaires reside in Dubai, while 202 individuals live in the category of owners of net personal wealth of around 100 million dollars or more per individual.

Advertisement

With regard to the number of billionaires presently living in Dubai, the report assumed them to be around 13 billionaires.

Dubai is said to have a highly diversified economy, which is robust in several major sectors such as hotels, basic materials, financial services, real estate, oil and gas, retail and transport. Wealthy areas of Dubai include Jumeirah Golf Estates, Emirates Hills and Palm Jumeirah.

The Head of Research at New World Wealth, Andrew Amwells, said, “The number of millionaires in Dubai, Mumbai (25th), and Shenzhen (30th) is increasing very rapidly. These three cities are predicted to enter the top 20 in the richest population by the end of 2030.”

New York was at the top of the list, which had 345,600 millionaires, 737 individuals, each of whom is the owner of 100 million dollars or more, and 59 billionaires. It was followed by Tokyo and San Francisco.

Earlier also, it was reported that the UAE leads the world in the number of high net worth individuals predicted to flock to it this year.

The report said that the United Arab Emirates had become an extreme force of ultra-wealthy individuals, and therefore it is anticipated to get 4000 ultra-wealthy individuals this year, a huge rise of 208 percent as compared to the number of people of this category that the nation got in 2019, which at that amounted to 1300 individuals.

Advertisement
Tariq Saeed

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Read More

Dubai’s crown Prince attends Metaverse Assembly at the Museum of the Future

Dubai's Crown Prince and Chairman of the Dubai Executive Council, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, attended Dubai Metaverse Assembly at the Museum of the Future on Wednesday.

UAE is an exceptional growth force under the leadership of Mohammed bin Zayed

The UAE is always stronger under the leadership of Mohammed bin Zayed and the vision and directives of Mohammed bin Rashid, not only because it was the fastest in overcoming the effects of the pandemic, the most difficult in human history, and the most balanced in dealing with the pandemic between human health and economic interests, and it is not the strongest as well because of its great leaps in its competitiveness.

Sharjah Customs Thwarts Infiltration Attempt: Two Concealed in Tiny Iron Boxes Under SUV

Mohammed Ibrahim Al Raisi, the director of Terminals and Border Points Affairs at SPCFZA, expressed the authority's top concern regarding infiltration, emphasizing that the nation's progress makes it an attractive target for specific individuals

Recent

Dubai: First flight to depart from DXB for pilgrims of Haj 2022 on June 30

The Haj Committee at Dubai Airports has revealed that it has completed preparations to assure a seamless and smooth airport experience for travellers who will be travelling for the Islamic pilgrimage of the Haj to Saudi Arabia in the forthcoming days and weeks.

Orphans of Awqaf foundation join Dubai Police during Iftar Connon Firing

His Excellency Major General Abdullah Ali Al Ghaithi, Acting Assistant Commander-in-Chief for Operations Affairs, welcomed 31 orphans from the Awqaf and Minors Affairs Foundation on Wednesday, 27 April, to fulfil their wish of seeing the firing of the Iftar cannon.

Dubai international airport closes northern runway for 45 days amid refurbishment

The authorities of Dubai International Airport informed that one of its two runways would not operate for a time period of forty-five (45) days, that is, from May 9, 2022, onwards.
admin