Where Do Dubai Millionaires Reside?

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  • 5 months ago
  • Dubai,
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Dubai Millionaires

According To A Survey, Three Areas Are Home To 35% Of The Emirates’ 67,900 High-Net-Worth Residents. With The Remainder Dispersed Throughout Other Localities.

According to a new survey, Jumeirah, Al Barsha, Arabian Ranches, Al Thanyah, and Umm Suqeim have the largest concentration of wealthy residents in Dubai. As per Webster Pacific analysis, Jumeirah First and Al Barsha are home to 8,685 and 8,155 high-net-worth individuals. Respectively, followed by Jumeirah (7,022), Arabian Ranches (3,728), Al Thanyah (3,542), Umm Suqeim (2,960), Nakhlat Al Jumeirah (2,573), Marsa Dubai (2,537), Al Satwa (2,446), and Umm al Sheif (2,421). As of June 2022, Dubai is home to 67,900 millionaires. 35% of whom live in Jumeirah First, Al Barsha, and Jumeirah.

“Jumeirah is defined by its upmarket, suburban atmosphere. As well as its proximity to both the sea and Downtown.” “Al Barsha is perfect for rich families because of the number of schools. Such as Gems, Dubai American Academy, and King’s School. As well as access to upscale shopping at Galleria Mall Al Barsha,” according to the survey. Dubai Millionaires flock to Arabian Ranches and Al Thanyah, which are more isolated enclaves with excellent golf clubs and equestrian amenities.

In the last year, Dubai has seen a surge of Dubai millionaires and billionaires. Thanks mostly to the effective handling of the Covid-19 outbreak. Which has strengthened trust among the world’s elites in the emirate’s healthcare sector. Moreover, the quality of life it affords to inhabitants. The emirate’s population has topped 3.5 million people.

According to a Henley Global Citizens Report published in June, the UAE will surpass the United States in attracting the most billionaires this year. It is expected that 4,000 billionaires would move to the UAE by 2022. Outnumbering significant nations such as Australia, Singapore, Israel, Switzerland, the United States, Canada, New Zealand, the United Kingdom, and India. According to Altrata’s Billionaire Census 2022 study, which was issued in July, the UAE is home to 45 billionaires worth $181 billion (Dh664 billion), with 38 of them residing in Dubai.

According to Webster Pacific research, the other regions where the majority of Dubai’s wealthy reside include Palm Jumeirah, Al Barari, Dubai Hills, Al Wasl, and Zabeel. Meanwhile, the emirate’s concentration of high net worth people is lowest in International City, Dubai Silicon Oasis, and Al Quoz.

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