With Dubai known for some of its most affluent districts, there’s most certainly no dearth of millionaires.
As a flamboyant destination with real estate wonders, the emirate always has new properties on the horizon, including existing penthouses, villas, lofts and more.
To delve deeper and recognise these prominent areas, a strategy consultancy company, Webster Pacific has identified these neighbourhoods according to an analysis of all the High Net Worth Individuals (HNWI) in each area.
According to the study, HNWIs are defined as those who’ve amassed a wealth of $1 million or more with Dubai’s total number of people in this category amounting to 67,900 as of June 2022.
The top residential areas as per the study include the following with its list of HNWIs.
- Jumeirah First – 8,685
- Al Barsha – 8,155
- Jumeirah – 7,202
- Arabian Ranches – 3,728
- Al Thanyah – 3,542
- Umm Suqeim – 2,960
- Nakhlat Jumeirah – 2,573
- Marsa Dubai – 2,537
- Al Satwa – 2,446
- Umm Al Sheif – 2,421
Jumeirah First has been ranked at the top of the list due to its suburban, upscale feel and close proximity to both sides of Dubai including the highly bustling downtown area. Barsha on the other hand comes second in the category due to an abundance of sophisticated schools such as King’s School Al Barsha and GEMS Dubai American Academy along with easy access to Galleria Mall.
The interactive map designed by the team showcases the concentration of HNWIs within a 5-minute drive from every location in the market and it can be seen .