Dubai is The Wealthiest City in The MENA Region

Publish date: Sunday، 05 December 2021

A new report by New World Wealth showed that Dubai is the wealthiest city in the Middle East and the 30^th worldwide for 2021 according to its data with a total wealth of $517 billion (Dh1.9 trillion) held by 54,540 millionaires and billionaires.

The UAE is followed by Israel where millionaires and billionaires own $784 billion assets, followed by Saudi Arabia ($542 billion), Turkey ($482 billion), Iran ($395 billion) and Qatar ($202 billion).

.@nwwealth: #Dubai is the wealthiest city in the Middle East by total wealth held. Major industries in the Emirate include financial services, basic materials, oil & gas, transport, hotels, retail, & real estate. pic.twitter.com/TuZRPcJRud
— Dubai Media Office (@DXBMediaOffice) February 16, 2021

Tel Aviv is the second wealthiest city where millionaires and billionaires where 43,290 millionaire and 12 billionaires control $304 billion (Dh 1.11 trillion) wealth.

.@nwwealth: #Dubai is the main luxury hub in the Middle East. The #Dubai luxury sector generates revenue of around US$7 billion per year.
— Dubai Media Office (@DXBMediaOffice) February 16, 2021

Other wealthiest cities in the region are Istanbul ($176 billion), Abu Dhabi ($145 billion), Riyadh ($136 billion), Doha ($125 billion), Jerusalem ($116 billion), Tehran ($89 billion), Herzliya ($31 billion) and Netanya ($30 billion).

Sharjah is the 14th richest city with $21 billion wealth and home to 2,780 millionaires. While 18,545 millionaires and three billionaires control $145 billion (Dh 532.15 billion) wealth in Abu Dhabi.

Image Source: Instagram

This article was previously published on UAE Moments.To see the original article, click here

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Dubai is The Wealthiest City in The MENA Region

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