KHALEEJ TIMES: Abu Dhabi, Sharjah, Riyadh and Doha are among the fastest-growing on the list and performing especially well this year
Dubai is home to 13 billionaires, 202 centi-millionaires and around 68,000 millionaires, according to a new global study.
In a ranking of the cities worldwide with the most number of millionaires, Dubai ranked 23rd, while Abu Dhabi, Sharjah, Riyadh and Doha were among the fastest-growing on the list, having performed especially well this year.
According to the latest Henley Global Citizens Report, the US dominates the world's Top 20 Cities with the most number of millionaires in 2022. While New York takes the crown with 345,600 millionaires, five other American cities – San Francisco, Los Angeles, Chicago, Houston, and Dallas – secure places on the coveted world’s wealthiest cities ranking.
The latest report, which tracks private wealth and investment migration trends worldwide, mentions how the highly diversified economy of Dubai propelled its position globally.
Dubai's economy is robust in multiple key sectors, including basic materials, hotels, financial services, oil and gas, real estate, retail, and transport. The report also marks prime residential areas like Emirates Hills, Jumeirah Golf Estates, and the Palm Jumeirah as Dubai's affluent parts. » | Web Desk | Wednesday, September 14, 2022
