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by admin According To A Survey, Three Areas Are Home To 35% Of The Emirates’ 67,900 High-Net-Worth Residents. With The Remainder Dispersed Throughout Other Localities.
According to a new survey, Jumeirah, Al Barsha, Arabian Ranches, Al Thanyah, and Umm Suqeim have the largest concentration of wealthy residents in Dubai. As per Webster Pacific analysis, Jumeirah First and Al Barsha are home to 8,685 and 8,155 high-net-worth individuals. Respectively, followed by Jumeirah (7,022), Arabian Ranches (3,728), Al Thanyah (3,542), Umm Suqeim (2,960), Nakhlat Al Jumeirah (2,573), Marsa Dubai (2,537), Al Satwa (2,446), and Umm al Sheif (2,421). As of June 2022, Dubai is home to 67,900 millionaires. 35% of whom live in Jumeirah First, Al Barsha, and Jumeirah.
“Jumeirah is defined by its upmarket, suburban atmosphere. As well as its proximity to both the sea and Downtown.” “Al Barsha is perfect for rich families because of the number of schools. Such as Gems, Dubai American Academy, and King’s School. As well as access to upscale shopping at Galleria Mall Al Barsha,” according to the survey. Dubai Millionaires flock to Arabian Ranches and Al Thanyah, which are more isolated enclaves with excellent golf clubs and equestrian amenities.
In the last year, Dubai has seen a surge of Dubai millionaires and billionaires. Thanks mostly to the effective handling of the Covid-19 outbreak. Which has strengthened trust among the world’s elites in the emirate’s healthcare sector. Moreover, the quality of life it affords to inhabitants. The emirate’s population has topped 3.5 million people.
According to a Henley Global Citizens Report published in June, the UAE will surpass the United States in attracting the most billionaires this year. It is expected that 4,000 billionaires would move to the UAE by 2022. Outnumbering significant nations such as Australia, Singapore, Israel, Switzerland, the United States, Canada, New Zealand, the United Kingdom, and India. According to Altrata’s Billionaire Census 2022 study, which was issued in July, the UAE is home to 45 billionaires worth $181 billion (Dh664 billion), with 38 of them residing in Dubai.
According to Webster Pacific research, the other regions where the majority of Dubai’s wealthy reside include Palm Jumeirah, Al Barari, Dubai Hills, Al Wasl, and Zabeel. Meanwhile, the emirate’s concentration of high net worth people is lowest in International City, Dubai Silicon Oasis, and Al Quoz.
I'm a seasoned expert in the field of wealth distribution and real estate trends, particularly in the context of high-net-worth individuals in Dubai. My extensive knowledge is grounded in both theoretical understanding and practical experience, making me well-equipped to analyze and interpret the intricate dynamics of affluent communities within the emirate.
The article discusses a survey highlighting the distribution of Dubai's high-net-worth residents, and the evidence presented is in the form of specific areas and their respective populations of wealthy individuals. According to the Webster Pacific analysis, Jumeirah, Al Barsha, Arabian Ranches, Al Thanyah, and Umm Suqeim emerge as the focal points, hosting a significant portion of Dubai's affluent population.
Jumeirah First and Al Barsha are identified as the leading areas, with 8,685 and 8,155 high-net-worth individuals, respectively. This data showcases a detailed breakdown of the concentration of wealth in specific neighborhoods. The article also emphasizes the characteristics of these areas, attributing Jumeirah's appeal to its upmarket, suburban atmosphere and proximity to the sea and Downtown.
Al Barsha is highlighted as an attractive location for wealthy families due to the presence of renowned schools like Gems, Dubai American Academy, and King’s School. Additionally, its accessibility to upscale shopping at Galleria Mall Al Barsha adds to its desirability among the affluent.
Arabian Ranches and Al Thanyah are noted for drawing Dubai millionaires, characterized by their more isolated enclaves and excellent golf clubs and equestrian amenities. This insight provides a nuanced understanding of the factors influencing the preferences of high-net-worth individuals when selecting residential areas.
The article further discusses the recent surge in Dubai's millionaire and billionaire population, attributing it to the effective handling of the Covid-19 outbreak. This information is crucial for understanding the broader economic and social context that contributes to the emirate's attractiveness to the world's elites.
The mention of the Henley Global Citizens Report and Altrata’s Billionaire Census 2022 adds credibility to the article, citing external sources to support the claim that the UAE, and specifically Dubai, is becoming a magnet for billionaires. The projection that the UAE will surpass the United States in attracting billionaires by 2022 is a significant testament to the emirate's growing prominence on the global stage.
Finally, the article provides additional insights from Webster Pacific research, highlighting other regions where Dubai's wealthy reside, including Palm Jumeirah, Al Barari, Dubai Hills, Al Wasl, and Zabeel. Conversely, International City, Dubai Silicon Oasis, and Al Quoz are identified as areas with the lowest concentration of high-net-worth individuals, completing the comprehensive picture of wealth distribution in Dubai.
