Over the last ten years, Dubai's investable wealth has increased by 110 percent, making it the fourth-richest city in the Europe, Middle East, and Africa (EMEA) area, behind only Paris, London, and Milan.
The city's rise solidifies its place as a worldwide hub for business, banking, and luxury lifestyle, and it ranks among the top five fastest-growing wealth hubs in the world.
Dubai is currently home to more than 86,000 millionaires, 251 centi-millionaires, people with investable wealth over $100 million, and 23 billionaires, per a recent research by Henley & Partners' New World Wealth, Stewards Investment Capital, and MCP.
The estimated $1.1 trillion in total investable wealth held in the emirate places it squarely in the top financial capitals of the world.
In contrast to other Middle Eastern wealth hubs that are more reliant on a single industry, experts credit Dubai's success to its highly diversified economy, which includes sectors such as banking, real estate, technology, healthcare, retail, media, energy, and tourism.
