Is Dubai full of millionaires?|. The number of individuals in Dubai with liquid investment wealth — assets that can be readily converted to cash — of $1 million or more increased by 78% between 2013 and 2023 to 72,500, according to a report.Dubai crowned wealthiest city in Middle East, home to 72,500 millionaires
Does Dubai boast an abundance of millionaire individuals? It's fascinating to learn that the count of individuals in Dubai possessing liquid investment wealth — assets that can be easily liquidated into cash — with a minimum of $1 million has seen a remarkable 78% surge over the decade from 2013 to 2023, reaching a significant figure of 72,500. This statistic truly positions Dubai as the wealthiest city in the Middle East, a haven for an impressive number of millionaires. But, does this mean Dubai is indeed filled to the brim with millionaire residents?