Dubai’s richest residents live in Jumeirah, Al Barsha, Arabian Ranches, Al Thanyah, and Umm Suqeim, according to research conducted recently. We have Dubai millionaire homes revealed all throughout this article.
Based on data from a US-based company, Webster Pacific, Jumeirah First has 8,685 and Al Barsha has 8,155 high-net-worth individuals, respectively. The high-net-worth individuals in the wealthiest neighborhoods of Dubai as per the research are listed below:
| Dubai’s Wealthiest Neighbourhoods | Number Of High-Net-Worth Individuals |
| Jumeirah First | 8,685 |
| Al Barsha | 8,155 |
| Jumeirah | 7,022 |
| Arabian Ranches | 3,728 |
| Al Thanyah | 3,542 |
| Umm Suqeim | 2,960 |
| Nakhlat Al Jumeirah | 2,573 |
| Marsha | 2,537 |
| Al Satwa | 2,446 |
| Umm Al Sheif | 2,421 |
Jumeirah First, Al Barsha, and Jumeirah were home to 35% of Dubai’s millionaires as of June 2022. Located near the sea and downtown, Jumeirah offers an upscale suburban atmosphere.
According to the report, Al Barsha is an ideal residential area for wealthy families since there are numerous schools in the area, such as Gems, Dubai American Academy, and King’s School, as well as Galleria Mall Al Barsha, which provides elevated shopping outlets.
Golf courses and equestrian facilities of world-class quality attract families of Dubai millionaires to the more remote Arabian Ranches and Al Thanyah communities.
Over the past year, Dubai has seen a massive influx of millionaires and billionaires as a result of the efficient management of the Covid-19 outbreak. First time in history, the emirate’s population surpassed 3.5 million this year.
The UAE is expected to surpass the US this year as the country with the greatest concentration of millionaires worldwide, according to a Henley Global Citizens Report published in June. The UAE is predicted to receive 4,000 millionaires by 2022, compared with other prominent nations such as Australia, Singapore, Israel, Switzerland, the United States, Canada, New Zealand, the UK, and India.
Altrata’s Billionaire Census 2022 found that the UAE has 45 billionaires, most living in Dubai, with a combined net worth of $181 billion (Dh664 billion).
Research by Webster Pacific found that residents of Dubai’s wealthy neighborhoods are mostly located in the Palm Jumeirah, Al Barari, Dubai Hills, Al Wasl, and Zabeel areas. A small number of high-net-worth individuals can be found in Dubai Silicon Oasis, International City, and Al Quoz.
FAQs
What is the poshest area in Dubai?
There are few neighborhoods that can compare to Umm Suqeim when it comes to wealth and luxury. Some of the city’s most popular attractions are located nearby, including Kite Beach and Jumeirah Beach.
Why do rich people settle in Dubai?
Located at the crossroads of Europe and Asia, Dubai is geographically significant for businesses. Millionaires and billionaires from all over the world flock to Dubai because of the abundance of money and luxuries.
Who owns Dubai’s most expensive villa?
Indian business magnate Mukesh Ambani is estimated to have spent $163 million on Dubai’s most expensive villa. The Dubai mansion was purchased last week by Ambani from a business tycoon’s family, according to Bloomberg. Check out this article to learn more about Mukesh Ambani and Dubai’s most expensive villa.