In 2022, the UAE outperformed global expectations by attracting 5,200 high-net-worth individuals. According to the latest report by Henley & Partners, the majority of millionaires and high-net-worth individuals are expected to primarily move to the UAE from India. Real estate magnate Mohamed Alabbar said Wednesday he is “scared” about Dubai’s snowballing luxury market because there aren’t enough resources to cater to demand. You’re an Ali Baba version of me,” is a Safa Siddiqui serve that is currently going viral. The Iraqi-British star is a fashion designer who has collaborated with fast fashion brand retailer to release her own collection.

A Glimpse At The Millions Behind The Dubai Bling Stars

1. B.R Shetty is an Indian-born businessman who is counted among the top businessmen in Dubai.
2. An entrepreneur since age 14, Ebraheem Al Samadi’s first endeavour was reselling clothes from his mum’s Florida apartment and now he has an estimated net worth of over Dhs200 million.
3. Then go see the Sega-based indoor theme park, the Dubai Aquarium, the world’s largest musical fountain, a 3000-seat movie theater, professional ice rink, then book tickets for the Burj Khalifa.
4. He has investments in real estate projects, car distribution, leisure, and entertainment.
5. From real estate to fashion, Zeina is taking the world by storm each sector at a time.
6. It also comes as the United Arab Emirates lures investing titans from Ray Dalio to Alan Howard to set up offices in the capital city.

The richest and wealthiest people around the globe call Dubai their second richest man in dubai home. As founder of Emaar Properties, he has racked up a net worth in the ballpark of $5 billion. And he is responsible for mega-projects, such as the 826-meter-tall Burj Khalifa, the world’s biggest mall, and a hotel portfolio that includes the Armani Dubai.

Al Ghurair was born in 1924 and is the eldest of the five sons of Ahmed Al Ghurair. The study firmly places Dubai in the top 50 ranking of the world’s wealthiest cities, claiming the 21st spot. Among all the rich men in Dubai, Sunny Varkey ranks seventh and is the wealthiest individual with a net worth of $2.5 billion. Shetty is the founder of NMC Health, BRS Ventures, Neopharma, and Fnablr, and is the sixth richest person in Dubai with a net worth of $2.6 billion in 2023. In 2018, he joined the Giving Pledge which provides commitment to donate half of his wealth to charitable causes.

1. However, in this article, we will unfold the top 10 richest people in Dubai, UAE and their net worth.
2. A fan favourite for a reason, the Lebanese beaut Loujain Adada also began her career in the limelight at 14.
3. As the city continues to evolve, the contributions of these wealthy figures will undoubtedly influence its future trajectory.
4. Sawiris is Egypt’s wealthiest man, with a net worth of about $7.6 billion, according to the Bloomberg Billionaires Index.

Though he might be best known for his political and monarchical identities, he made most of his money as a real-estate developer as well as his family’s robust holdings. It’s hard to establish a firm line between government assets and the Al Maktoum family’s wealth, but there’s no doubt that Al Maktoum helped make Dubai into the city it is now. According to Forbes, Bernard Arnault is the wealthiest man in the world.

Emirati billionaires list

Unfortunately, most of my time in Dubai was spent with memories of Morocco (I got food poisoning on my last night there, and the effects lasted for several days). For feeling pretty sick for most of the time, the fact that everything was air-conditioned was a lifesaver (nothing in Morocco was air-conditioned… nothing). And when I went to the pharmacy to get some nausea medicine, it cost me a grand total of $1.97.

Sunny Varkey, the founder of GEMS Education, the world’s largest private education provider, is a significant figure in Dubai’s educational landscape. Yusuff Ali Musaliam Veettil Abdul Kader (M.A Yusuff Ali) is a very popular Indian billionaire and businessman. We all strive to become rich, wealthy to live the life we have ever dreamt of. As the statement above states, rich people don’t spend their money to show-off at the inception, they first accumulate the wealth and then spend it for their entire life.

Record Growth Predicted for Indian Hotel Sector: What to Expect — India Report

The economic boom in the region, fueled by oil revenues and strategic investments, has created a playground for the affluent. In May 2018, Shetty was listed among the top Indian Leaders in the Arab world. He launched DAMAC Properties in 2002, which has grown to be one of the largest property development firms in the Middle East. Since its establishment, the company has delivered more than 27,000 homes. In 2006, he opened the company Taghleef Industries by merging Dubai PolyFilm with AKPP in Oman and Technopak in Egypt.

Sekenkoum Real Estate

He has investments in real estate projects, car distribution, leisure, and entertainment. Since its establishment, MAF has grown to be one of the largest firms in the United Arab Emirates. It continues to attract individuals with substantial wealth to its shores, while also fostering an environment conducive to the growth of startups and established enterprises alike. Notably, more millionaires reside in Dubai than in cities such as richest man in dubai Osaka, Munich, Vancouver, or Madrid. Dubai, a gilded metropolis synonymous with luxury and excess, is a playground for the world’s ultra-wealthy.

Dubai’s skyline has been shaped by the ambitious real estate projects led by Hussain Sajwani, the founder of DAMAC Properties. Sajwani’s foray into luxury real estate has positioned him among the wealthiest individuals in the city. DAMAC Properties, known for its extravagant developments, has played a pivotal role in attracting international investors to Dubai.

The official Dubai tourism authority has said it is trying to push for greater product diversity and affordability in the city. But developers and operators continue to push for trophy assets, which leads to rising rates. Sawiris will continue to be executive chairman of NNS Group following the re-domiciliation. Lojain has long established her career on TV in her home country, Saudi Arabia, before her Dubai Bling gig.

It also comes as the United Arab Emirates lures investing titans from Ray Dalio to Alan Howard to set up offices in the capital city. The dynamic duo have a significant net worth as these Dubai Bling stars span music and social media influencing. DJ Bliss is one of the biggest names in regions night life, as the first Emirati artist to tour worldwide, he leads the industry in his own way. While Dee elevates her platforms through fashion partnerships and strategic collaborations. Then go see the Sega-based indoor theme park, the Dubai Aquarium, the world’s largest musical fountain, a 3000-seat movie theater, professional ice rink, then book tickets for the Burj Khalifa.

Majid Al Futtaim, the founder of the eponymous conglomerate, is a prominent figure in Dubai’s business landscape. His empire spans across retail, hospitality, and entertainment, with popular brands like Carrefour under its umbrella. Al Futtaim’s keen business acumen has contributed to the growth of the retail sector in the region, and his net worth reflects his success. The Mall of the Emirates, one of the flagship properties of his company, stands as a testament to his impact on Dubai’s flourishing retail industry. At the top of the list is Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai and the Vice President and Prime Minister of the United Arab Emirates. While not solely a businessman, Sheikh Mohammed has played a pivotal role in transforming Dubai into a global hub.