Written by Khaleej Times’ Waheed Abbas. Published on Khaleej Times on December 15th, 2018.
Dubai is synonymous with the cities of the rich as the glamorous city is home to the highest number of high net worth individuals (HNWIs) in the region.
According to New World Wealth, there are approximately over 55,000 HNWIs with $1 million-plus assets, 2,590 multi-millionaires with $10-million assets and 10 billionaires who have made the emirate as their home. But where do most of these millionaires live in the emirate?
An analysis by the US-based Webster Pacific showed that the Jumeirah, Umm Suqeim and surrounding areas have the highest concentration of HNWIs, followed by the Al Karama, Al Raffa and Al Barsha areas.
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