Dubai continues to establish itself as a global powerhouse in wealth and prosperity. According to the latest Henley Global report, the city ranks as the 21st wealthiest city in the world and the top city in the MENA region.

Here are some of the most notable points by Henley Global:

• Dubai ranks as the 21st wealthiest city globally & No. 1 in MENA

• 78% growth in millionaires (defined as investable wealth of 1 million)

• ⁠72,500 millionaires; 212 cent-millionaires; 15 billionaires⁠

• Second highest growth of millionaires in 2023

• New York no 1 with 350,000 millionaires ⁠

• Decline in London noticeable; modest decline in Tokyo; China millionaire boom strong

• ⁠Rising stars include: Nairobi, Cape Town, Ho Chi Min, Bengaluru

This is the link to the Henley Global report being widely reported on: https://www.henleyglobal.com/publications/wealthiest-cities-2024

On Dubai

“...Dubai easily takes the crown as the wealthiest city in the region. Currently ranked as the 21st-wealthiest city in the world, the ultra-modern wealth magnate is highly likely to break into the Top 20 in the coming years..."

"With its infrastructure enhancements and continuous influx of capital and talent, Dubai’s narrative is far more than a post-pandemic recovery story; it is a calculated transformation into a global nexus for high-net-worth individuals, family offices, and tomorrow’s innovators. Dubai’s announcement of its new air gateway is a timely and necessary step in sustaining economic momentum and ensuring its future as a world-leading hub that will remain at the forefront of global attention and aspiration.”

On Abu Dhabhi

“The two cities are in close proximity and their value propositions are a perfect complement to one other. In contrast to the comparative boldness of Dubai, Abu Dhabi’s attraction to millionaires lies in its relative subtlety and discreet yet constantly accomplishing spirit. The fact that Abu Dhabi is perennially voted as the safest city in the world holds appeal for investors from an asset protection perspective alone. Dubbed by Bloomberg as “the world’s newest wealth haven for billionaires”, it is no coincidence that the Louvre, with a wealth of art, is beautifully anchored in Abu Dhabi."

"Abu Dhabi is top of the Cities to Watch list in the World’s Wealthiest Cities Report 2024...."