Dubai Leads Global Surge in Millionaire Growth

Jul 25, 2026

54 min

Jul 25, 2026 04:30

Dubai records fastest rise in millionaire rankings worldwide

## Dubai's Rapid Rise

Dubai has emerged as the fastest-growing city in terms of millionaire population, according to the Henley & Partners World's Wealthiest Cities Report 2025. The city saw a 102% increase in millionaires from 2014 to 2024, moving from 21st to 18th place among the world's top 50 wealthiest cities.

## Wealth Hub Expansion

The emirate now hosts 81,200 millionaires, including 237 centi-millionaires and 20 billionaires. This growth is attributed to Dubai's investor-friendly environment, zero personal income tax, and its expanding role as a global financial center.

## Future Projections

The report anticipates that both Dubai and Abu Dhabi will see their centi-millionaire populations more than double in the next decade. This trend is driven by the UAE's strategic initiatives to attract global capital through favorable regulations and residency-by-investment programs.

## Global Context

Globally, New York remains the top city for millionaires, followed by the San Francisco Bay Area and Tokyo. Meanwhile, London and Moscow were the only cities in the top 50 to experience a decline in their millionaire populations over the past decade.

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