Dubai named richest city in the Middle East with over 72,000 millionaires, a 78% surge
Dubai is one of the 50 richest cities in the world and the richest in the Middle East, with the number of millionaires having surged by nearly 80 percent in the past decade, according to a new study.
According to the World's Richest Cities 2024 report, published by Henley & Partners in partnership with New World Wealth, the number of people living in Dubai with investable liquid wealth of $1 million or more jumped 78 percent to 72,500 between 2013 and 2023.
Dubai has more millionaires than major cities such as Munich, Rome, Amsterdam, Osaka, Vancouver, Madrid, Washington, D.C., and Brisbane, making it the richest city in the Middle East and the 21st richest in the world.
New York tops the list of the 10 richest cities in the world, with 349,500 millionaires as of 2023, followed by the San Francisco Bay Area, Tokyo, Singapore, London, Los Angeles, Paris, Sydney, Hong Kong, and Beijing.
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