Dubai has become one of the cities with the largest number of centi-millionaires

Dubai has been named among the world's cities with the biggest number of centi-millionaires

– People who hold $100 million or more in investable assets.

Their total number in the world – 28,420 people

According to the data of the consultancy, Henley & Partners, Dubai has been ranked:

• 6th in TOP 40 seasonal cities, with 500+ centi-millionaires residents and second home owners
• 16th in TOP 50 cities, with 210 centi-millionaires residents

Dubai economy demonstrated a growth of 3.2% in H1 2023

– Compared to the same period in 2022.

According to the Dubai Data and Statistics Establishment, sectors with the biggest contribution to the total economy growth:

• Transportation and Storage – 42.8% (14% of the GDP)
• Trade – 12.9% (23.9% of the GDP)
• Financial and Insurance – 9.9% (11.9% of the GDP)
• Real Estate – 9.2% (8.2% to the GDP)

Sectors with the highest growth rates, compared to H1 2022:

• Transportation and Logistics – 10.5%
• Hotel and Food Services – 9.2%
• Information and Communication – 3.8%
• Real Estate – 3.6%