"Dubai expects More Ultra-Rich Residents in the Next Decade"

Dubai currently hosts 15 billionaires and an impressive 210 centi-millionaires, positioning it as a prominent hub for wealth. According to Henley & Partners, Dubai is expected to be among the fastest-growing cities for the ultra-rich in the coming decade. Despite trailing behind U.S. cities like New York and Los Angeles, Dubai leads the region, surpassing Riyadh in centi-millionaires.

Over the next 10 years, both Dubai and Riyadh anticipate a surge in centi-millionaires, with Dubai projecting a 78% growth by 2033. The report indicates a global rise in centi-millionaires, which are individuals with assets exceeding $100 million. Their numbers have doubled over the past two decades, reflecting significant wealth growth, particularly in the U.S., China, and India, and the emergence of crypto centi-millionaires.