He is also the CEO of the Landmark Group which operates in the entertainment and retail industries. There are around 1000 stores of Landmark Group across the Middle East, Persian Gulf Region, and India. Majid Al Futtaim is the richest person in Dubai with a net worth of $6.1 billion. Majid Al Futtaim is not only the richest man in Dubai but also one of the richest men in the United Arab Emirates.
- They built their wealth through business, oil, mining, and investments.
- In the Middle East, Dubai is well-popular as the second most expensive city and in the world, ranks as 20th.
- He is a native of Kerala but shifted to UAE to grow his business.
- With most of these people being from the real estate and retail industries, the richest people of Dubai are all pretty successful entrepreneurs, like Abdulla Al Futtaim and Yussuf Ali to name a few.
Dubai is one of the richest cities in the world, however, Abu Dhabi, the capital of UAE is the richest city in the world. The Emirati Politician and member of the ruling family of Sharjah, Lubna Khalid Ali Qasimi is one of the most powerful women in the world. Previously, she has served as the Minister of State for Tolerance, Minister of Economics and Planning of the United Arab Emirates, and Minister of State for International Cooperation.
How To Start A Business In Dubai Without Money
According to estimates in August 2024, Sajwani’s net worth is estimated at $5.1 billion. The company has formed partnerships with luxury brands such as Versace, Fendi, and Roberto Cavalli. In 2025, he and Donald Trump announced a $20 billion investment in U.S. data centers. When it comes to marketing education, no one is as influential as Sunny Varkey in the UAE. Doing so made him one of the richest people of Dubai, with a net worth of $3.3 Billion. When the former CEO of Mashreqbank retired and passed on his title to his son Abdul Aziz, it was pretty clear as to why did that.
Through the Aster DM Foundation, Moopen is known for being dedicated to affordable and high-quality healthcare and various philanthropic initiatives. The Padma Shri Award was given to him in 2011 as a recognition of his accomplishments. As of February 2025, he has an estimated net worth of 1.1 billion USD, according to Forbes, and resides in Dubai.
Dr. Kofi Amoah is an economist, businessman, the CEO of Progeny Ventures International. He is also the owner of Global Access, Citizen Kofi Entertainment Centre, J.S. Investments Inc., and PPVIA Ghana Limited. In summary, the richest man in Dubai epitomizes innovation, resilience, and social responsibility. His transformative impact across industries and unwavering commitment to societal welfare underscore his prominence as a global leader. As Dubai continues to evolve, his legacy remains a cornerstone in shaping its future. If you are willing to work hard, you can achieve anything you want.
His charitable contributions include support for initiatives that enhance educational reform and access to schooling in underprivileged communities globally. Apart from his business empire, Yusuffali is actively involved in philanthropy, contributing significantly to educational and health causes in the UAE and India. His role in Dubai’s retail sector has positioned him as one of the leading figures in the city’s economic development. Indian entrepreneur Yusuffali M.A., the chairman and managing director of the Lulu Group, has seen his wealth soar to an estimated $3.7 billion as of 2023. Lulu Group operates a chain of hypermarkets across the Middle East and beyond. Yusuffali’s expansion of Lulu Hypermarket into a dominant retail force has been key to his success, with stores in countries including Saudi Arabia, Kuwait, and India.
The richest people in Dubai are a testament to the city’s thriving business environment and entrepreneurial spirit. From technology moguls like Pavel Durov to retail giants like Micky Jagtiani and Yusuffali M.A., these billionaires have had a significant impact on the global economy. Dubai remains a magnet for wealth and investment, with these individuals leading the charge in a city known for its innovation, luxury, and economic growth. As Dubai continues to grow, the wealth and influence of these individuals will undoubtedly expand, solidifying their place as some of the most powerful figures in the world.
Q1: Who are the richest people in Dubai?
Nana Addo Dankwa Akufo-Addo is the sitting President of the Republic of Ghana. He is the former Chief Executive of the Ghana National Petroleum Corporation. He was the lead Counsel for the ruling National Democratic Congress (NDC) in an electoral petition in Ghana. In fact, France boasts the most cities and towns on this year’s World’s Most Expensive Cities list followed by the U.S., while Switzerland and Italy each have two on the latest ranking. New richest man in dubai York City ranks second, with the average price of prime real estate being $27,500 per m2, followed by Hong Kong and London. Saint-Jean-Cap-Ferrat in France holds onto fifth place with Paris usurping Sydney to take the sixth spot.
Raghuvinder Kataria, a British billionaire businessman born in April 1949 in Jinja, Uganda, has a major interest in telecommunications and real estate. At 16, he moved to London, where he became a chartered accountant and began his career with International Computers Limited (ICL) before assuming the role of European treasurer. He set up Jasmine Telecom in Thailand, which merged with Bharti Enterprises, and received a load of money for a minority stake in Bharti Airtel for approximately $500 million. Apart from being chairperson of Kataria Holdings, based in Dubai, he manages investments focusing on infrastructure and financial services. Even though Dubai is a small city with a lesser population than most western metropolitan cities, it has an absurd number of millionaires and Dubai billionaires are driving luxury cars in the city. With most of these people being from the real estate and retail industries, the richest people of Dubai are all pretty successful entrepreneurs, like Abdulla Al Futtaim and Yussuf Ali to name a few.
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In the Middle East, Dubai is well-popular as the second most expensive city and in the world, ranks as 20th. The wealthiest people choose Dubai to live and start a new business. The unique architecture and innovations make Dubai a perfect place to live. In this blog, we deliver a list of the top 10 richest people in Dubai.
Despite his departure from Russia due to political tensions, Durov’s decision to base himself in Dubai has bolstered his status in the global tech community. Mohammed Khalaf Al Habtoor, the son of Al Habtoor, a business tycoon, and CEO of the Al Habtoor Group. The Al Habtoor Group is one of the largest corporations in the UAE. Mohammed Khalaf Al Habtoor looks after the diversification of Al Habtoor Group into insurance, hotels, real estate, automobile, hospitality, the publishing industry, and education. Ernesto Taricone is a widely recognised entrepreneur and investor known for his significant impact in Ghana’s business arena. He is the founder of Trasacco Group, a conglomerate with interests in multiple sectors.
Although his wealth has now slipped from 10.6 to 8.9 billion still he is the richest man in Dubai and UAE. Eponymous companies and mammoth corporations with an interest in real estate and food construction. After this, made with sheer determination, erecting the RP Group multi-billion dollar empire. Along with the RP group, He runs 5-star hotels like The Raviz Ashtamudi, The Raviz Kovalam, and The Raviz Kadavu. Along with this, He started a food services business, catering to the U.S. military. Sajwani is also known for excessive Marketing like offering Lamborghinis to apartment buyers.
Dubai ranks among top 20 cities for millionaires globally in 2025: Report
- Dubai is home to 81,200 resident millionaires, including 237 centimillionaires and 20 billionaires, according to Henley & Partners’ latest World’s Wealthiest Cities Report 2025 ranking.
- Meanwhile, Hangzhou ranked 35th globally, with 108 percent growth and 32,200 millionaires.
- He has owned the share capital of international organization and infrastructure some of them are 4.99% Stake in Thrissur-based Catholic Syrian Bank (CSB) and 4.47% stake in the Aluva-based Federal Bank.
Doing so requires a lot of effort and strategy since a lot of factors are involved when business operations get conducted. On top of that, turning your business into a success and becoming richer is an even tougher proposition. Raghuvinder Kataria is a British billionaire with a flourishing business presence in Dubai.
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Micky Jagtiani was born in India and has a settled UAE-based enterprise. He is the owner and chairman of Landmark Group, based in Dubai. Micky Jagtiani is quite popular for its notable landmark retail stores. There are a minimum of 1000 stores of Landmark Group across the Middle East, Persian Gulf region, and India.
Abdulla Futtaim – Net worth – $2.1 billion
It is also top of the World’s Most Expensive Cities list, with prime 100 to 200 m2 apartment prices regularly exceeding $38,800 per m2. Seven of the Top 10 wealthiest cities are in countries with residence by investment programs, creating direct pathways for entrepreneurs and investors seeking access to these wealth hubs,” he stated. Abdulla Bin Ahmad Ghurair is the founder and chairman of Mashreq Bank, one of the largest private banks in the UAE.
Dubai is the home to tons of famous and rich, wealthy people in the world. Saket Burman, the British billionaire businessman, was born in either 1976 or 1977; he is the vice-chairman of Dabur Ltd., a top-end consumer goods company. Upon the death of his father Sidharth Burman in 2015, he inherited a 12.4 percent stake in Dabur. After completing a bachelor’s degree in marketing and finance from the University of Wisconsin-Madison, he rose to senior management positions in the company.