Do You Know How Many Millionaires and Billionaires Live in Dubai?

As per the latest report 2025 by Henley & Partners, Dubai is in 18th position among the world’s wealthiest cities where over the past decade, it has doubled the population of millionaires and turned into a fastest growing hub in the world where tax policies, economic opportunities, set up of financial hub, high tourism attractions and even more factors have turned the position of Dubai, easy investment policies and more factors aid Dubai to improve its niche in the world.

From 2014 to 2024 with almost 102% of the jump in the city’s millionaire population improved its position as one of the dynamic wealth realms where migration of millionaires has pushed the overall numbers.

Here are the overall stats on the total number of millionaires and billionaires living in Dubai in 2025, 2024, 2023, 2022, 2021 and 2020, and it has been increasing annually as it is a well diversified place for the wealthy people providing every kind of perk living in this “Well Grown City” that shares strong infrastructure, economic opportunities and quality living.

STATISTICS FOR DUBAI (2025)

• Millionaires- 81,200
• Centi- Millionaires- 237
• Billionaires- 20

STATISTICS FOR DUBAI (2024)

• Millionaires- 72,500
• Centi- Millionaires- 212
• Billionaires- 15

STATISTICS FOR DUBAI (2023)

• Millionaires- 68,400
• Centi- Millionaires- 200
• Billionaires- 15

STATISTICS FOR DUBAI (2022)

• Millionaires- 67,900
• Centi- Millionaires- 202
• Billionaires- 13

STATISTICS FOR DUBAI (2021)

• Millionaires- 54,00
• Centi- Millionaires- 212
• Billionaires- 13

STATISTICS FOR DUBAI (2020)

• Millionaires- 49,400
• Billionaires- 9

So the above data showcases a significant jump annually of millionaires, centi- millionaires and billionaires in Dubai as it has turned into a magnet for high net worth individuals (HNWIs) where a crop of the cream lifestyle with the support of tax free environment, well connected route to Europe, Africa and Asia, easy investment policies, business friendly industries and more allowing it to remain in the spotlight.

With Dubai, there are other cities in the world that have created a robust position as the world’s richest city, so here is the list: -

RANK	CITY	MILLIONAIRES	CENTI-MILLIONAIRES	BILLIONAIRES
1	New York City, USA	384,500	818	66
2	San Francisco Bay Area, USA	342,400	-	82
3	Tokyo, Japan	298,300	-	14
4	Singapore	244,800	-	27
5	Los Angeles, USA	212,100	-	43
6	London, UK	215,700	-	35
7	Paris, France	165,000	-	30
8	Hong Kong	143,400	-	32
9	Sydney, Australia	126,900	-	15
10	Chicago, USA	124,000	-	24

The above data showcases the top 10 cities as the world’s wealthiest places where New York City is positioned on the top because of the unbeatable reasons that make it a home for ultra wealthy people, starting with its robust financial capital, global connectivity, stunning real estate development for special status, top notch educational hubs, best ecosystems and even more makes it a destination for billionaires.

In fact, all these top cities share a common DNA that welcomes pool of talent to settle in and have a quality living where social ancillaries, physical ancillaries, job opportunities, easy investment programs, easy business set up and more creating them as a wealth hub.