When the world's wealthiest cities are a conversation topic, we're quick to name-drop New York, London and Paris—for obvious reasons. Those three cities have dominated the charts for years, perpetually taking over the top 20. But with new markets fast-tracking their economies and offering a bundle of lucrative opportunities, everyone’s expecting a fresh slate with novel cities making it to the list.
Come 2030, a dynamic UAE Emirate, reported to be the MENA region's innovative oasis, will be there to top the charts. So, here’s why Dubai is on its way to becoming one of the wealthiest cities in the world!
Dubai Today
An intersection between innovation and diversity, Dubai is one of the fastest growing millionaire cities worldwide and the first in the Middle East.
According to a recent edition of the Henley Global Citizens Report, Dubai has been ranked as the 23rd wealthiest city in the world, harbouring 68,000 millionaires, 202 centi-millionaires and 13 billionaires, who presumably reside in the Emirate’s prime residential areas: Emirates Hills, Jumeirah Golf Estates and the Palm Jumeirah.
This significant milestone comes to no one's surprise given Dubai's eagerness to climb up the ranks and establish its affluent presence, knowing that its global ranking was 29th the year before.
Dubai’s Economy and Markets
Dubai's transformational economy has placed the city on everybody's radar. From those seeking to relocate to Dubai for work to those aiming to set up a business, men and women locally, nationally and internationally are eager to reap the Emirate's benefits and secure a future in it.
Known as the 'City of the Future', Dubai has quickly become a revered business hub due to its high-income economy and robust business sectors such as oil and gas, financial services, technology, real estate and more. And with Dubai’s positive reputation as the safest city in the world, its diversified population and its array of business incentives, an electric range of affluent individuals rush to set up base and roots in the Emirate.
2030 Vision
Nearing the end of this year, a new goal has been added to Dubai's 2030 vision. The Emirate is preparing to secure its place as one of the top 20 wealthiest cities in the world, adding yet another historic accolade to its long list of global achievements.
If you're eager to set up roots anywhere in the UAE, particularly its golden city Dubai, We’re here for you! Contact the Alben Group of Companies, and our multidisciplinary team will guide you in the right direction.
Start a new life in the Middle East’s most luxurious city today!