Where Do they live?
Dubai’s most wealthy neighborhoods include Jumeirah, Al Barsha, Arabian Ranches, Al Thanyah, and Umm Suqeim.
According to an analysis by Webster Pacific, Jumeirah First and Al Barsha are home to 8,685 and 8,155 high-net-worth individuals, respectively. There are 7,022 homes in Jumeirah, 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).
There were 67,900 millionaires living in Dubai as of June 2022, of whom 35% resided in Jumeirah First, Al Barsha, and Jumeirah.
Several world-class golf clubs and equestrian facilities are available to millionaires in Arabian Ranches and Al Thanyah.
Over the past year, Dubai has seen an influx of millionaires and billionaires due to the effective management of the Covid-19 outbreak which increased confidence among the world’s elites in the emirate’s healthcare industry and standard of living. For the first time ever, the emirate’s population reached 3.5 million earlier this year.
The UAE is now expected to surpass the US as the country with the highest concentration of millionaires, according to the Henley Global Citizens Report published in June. By 2022, 4,000 millionaires are predicted to move to the UAE from countries such as Australia, Singapore, Israel, Switzerland, the United States, Canda, New Zealand, and the UK.
Based on Altrata’s Billionaire Census 2022 report, the UAE has 45 billionares, of which 38 are Dubai residents with combined fortune of 181 billion.
In addition to Palm Jumeirah, Al Barari, Dubai Hills, Al Wasl, and Zabeel, Webster Pacific research showed that most of Dubai’s wealthy live in those neighborhoods. Al Quoz, International City, and Dubai Silicon Oasis have the lowest concentration of high net worth individuals.
Source – propertynews