Indian, Pakistani and Saudi Nationals Lead Dubai’s Wealthiest Resident List, Report Finds

Dubai: A new report has revealed that Indian, Pakistani, and Saudi nationals rank among the top groups of ultra-wealthy individuals residing in Dubai, highlighting the emirate’s growing appeal as a global hub for the rich.
According to a joint report released by Altrata and Arton Capital on Wednesday, approximately 900 ultra-high-net-worth individuals currently live in Dubai, each holding assets exceeding $30 million (around AED 110 million). The report notes that nearly 40 percent of this wealth is a combination of self-made fortunes and inherited assets.
The study further highlights that Dubai’s wealthy population is relatively young compared to global standards, with one in five affluent expatriates being under the age of 50.
Dubai has increasingly become a preferred destination for the world’s rich due to several factors, including low tax policies, a luxurious lifestyle, flexible regulations, easy residency options, and long-term visa programs such as the Golden Visa. These advantages have contributed to Dubai’s population exceeding 4 million.
A key finding of the report is that more than 95 percent of wealthy expatriates in Dubai hold assets outside the UAE as well, indicating that they use the emirate not only as a place of residence but also as a strategic base to diversify and protect their global investments.
The report also states that women make up around 7 percent of the ultra-wealthy population in Dubai.
Dubai continues to offer balanced growth opportunities across sectors such as banking, construction, manufacturing, and consumer services.
Looking ahead, the report projects that the global ultra-wealthy population will rise to over 734,000 by 2030, with total wealth expected to increase from $63 trillion to $84 trillion. It also estimates that around 7.7 million people worldwide will hold assets exceeding $5 million.
Experts say wealth is no longer tied to a single geography, as successful individuals increasingly distribute their assets across multiple countries to maximize opportunities, security, and financial flexibility.