An Arab city at the top of the region in terms of personal wealth

Dubai surpassed the cities of the Middle East and North Africa and was ranked 29th globally, on the list of richest cities in 2021, published by the South African “New World Wealth”, specialized in wealth studies.

The idea of ​​the list is based on monitoring the number of people with disabilities THE super wealthy residents in every city, then calculating their total personal wealth, then comparing cities on this basis, according to the newspaper Al Bayan.

Ultra high net worth individuals are people who own liquid financial assets, in addition to home in which they live in permanently, worth more than $ 1 million.

According to the report, the total number of personal wealth in Dubai has so far reached $ 530 billion, while the number of ultra-rich people residing in Dubai has so far exceeded 54,000, including 2,500 people who own several million dollars and 12 billionaires.

The report states that the main industries through which significant personal fortunes can be created in Dubai include financial services, commodity trading prime, transportation, hotels, retail and real estate.

He added that the residential areas which are the main destinations to attract super wealthy in Dubai include Emirates Hills, Jumeirah Golf Estates, Palm Jumeirah and many other distinctive destinations.

At the top of the list was New York, with a total personal fortune of $ 2.9 trillion, the San Francisco Bay Area in second, with $ 2.6 trillion, and Tokyo in third, with $ 2.5 trillion. trillions of dollars.

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