Dubai is renowned for its cutting-edge and luxurious development. The city’s unique architecture and modern innovations clearly reflect its status. Dubai ranks as the second most expensive city in the Middle East and 20th across the globe. Despite its relatively small size, the city is home to over 3.3 million people.
It attracts some of the richest individuals from around the world, who often consider it a second home. However, in this article, we will unfold the top 10 richest people in Dubai, UAE and their net worth.
List Of The Top 10 Richest People in Dubai:
Here is the comprehensive overview of Dubai’s richest people:
1. Majid Al Futtaim
In 2023, Majid Al Futtaim is the richest person in Dubai, with a net worth of $6.2 billion. He is the chairman of the Majid Al Futtaim Group which is a private company investing in real estate, entertainment, and car distribution. Majid has received numerous awards for his contributions to entertainment, philanthropy, and development, including:
| Key Point | Description |
| Birth | 1938, Dubai, UAE |
| Founder | Established Majid Al Futtaim Group in 1992 |
| Industry | Retail and Real Estate |
| Notable Ventures | Introduced Carrefour supermarkets to the UAE |
| Major Developments | Developed Mall of the Emirates and other prominent shopping centers |
| Innovation Focus | Emphasized modern retail experiences and sustainability |
| Impact | Major influence on the UAE’s economy and retail landscape |
| Legacy | Passed away in December 2021; remembered for entrepreneurial spirit and community development |
2. Abdulla Bin Ahmad Al Ghurair
Abdulla Bin Ahmad Al Ghurair is the second richest person in Dubai, with a net worth of $4.9 billion in 2023. He was previously the Chairman of Mashreq Bank, one of Dubai’s largest banks. Abdulla is known for his work in social welfare in the UAE and has received several honors, such as:
| Key Point | Description |
| Full Name | Abdulla Bin Ahmad Al Ghurair |
| Nationality | Emirati |
| Profession | Businessman, Philanthropist |
| Notable Role | Founder of Mashreq Bank |
| Education | Bachelor’s degree in Business Administration |
| Business Ventures | Involved in banking, real estate, and investments |
| Philanthropy | Significant contributions to education and healthcare |
| Legacy | Influenced economic development in the UAE |
3. Ravi Pillai
Ravi Pillai stands third among Dubai’s richest men as 2023 of 2023, with a net worth of $4.2 billion. He is an Indian billionaire from Kerala who founded the RP Group. Ravi has been recognized with several awards such as:
| Key Point | Description |
| Nationality | Indian |
| Profession | Businessman, Entrepreneur |
| Notable Role | Founder and Chairman of the Ravi Pillai Group |
| Industry Focus | Construction, hospitality, and various investments |
| Business Ventures | Involved in banking, real estate, and investments |
| Key Achievements | Major projects in the Middle East and India |
| Legacy | Influential in promoting Indian businesses abroad |
4. M.A. Yusuff Ali
M.A. Yusuff Ali is among other Indian billionaires in Dubai and has a net worth of $3.7 billion as of 2023. He founded the Lulu Group and is the chairperson of the same. The group runs retail companies and hypermarkets. Here are some of the greatest awards possessed by M.A. Yusuff:
| Key Point | Description |
| Full Name | M.A. Yusuff Ali |
| Nationality | Indian (NRI) |
| Profession | Businessman, Entrepreneur |
| Notable Role | Chairman and Managing Director of Lulu Group |
| Industry Focus | Retail, grocery, and hospitality |
| Business Ventures | Involved in banking, real estate, and investments |
| Key Achievements | Expanded Lulu Hypermarket chain across the Middle East |
| Philanthropy | Known for charitable contributions in education and health |
| Legacy | Influential figure in promoting Indian business globally |
5. Micky Jagtiani
Micky Jagtiani, with a net worth of $3.1 billion, is also an Indian billionaire residing in Dubai. He owned the Landmark Group, which specializes in retail, footwear, electronics, beauty products, and apparel. He received numerous awards throughout his life.
| Key Point | Description |
| Full Name | Micky Jagtiani |
| Nationality | Indian (NRI) |
| Profession | Businessman, Entrepreneur |
| Notable Role | Founder and Chairman of Landmark Group |
| Industry Focus | Retail, hospitality, and e-commerce |
| Key Achievements | Expanded Landmark Group into a leading retail chain in the Middle East and India |
| Philanthropy | Active in various charitable initiatives, particularly in education and health |
| Legacy | Influential in transforming the retail landscape in the region |
6. B.R. Shetty
B.R. Shetty is the founder of NMC Health, BRS Ventures, Neopharma, and Fnablr, and is the sixth richest person in Dubai with a net worth of $2.6 billion in 2023. In 2018, he joined the Giving Pledge which provides commitment to donate half of his wealth to charitable causes.
| Key Point | Description |
| Full Name | B.R. Shetty |
| Nationality | Indian (NRI) |
| Profession | Businessman, Entrepreneur |
| Notable Role | Founder of NMC Health and UAE Exchange |
| Industry Focus | Healthcare, finance, and remittances |
| Key Achievements | Established NMC Health as a leading healthcare provider in the UAE |
| Philanthropy | Engaged in various charitable and community initiatives |
| Legacy | Significant impact on healthcare and financial services in the UAE |
7. Sunny Varkey
Among all the rich men in Dubai, Sunny Varkey ranks seventh and is the wealthiest individual with a net worth of $2.5 billion. An Indian-born billionaire, he runs over 250 K-12 schools worldwide.
| Key Point | Description |
| Full Name | B.R. Shetty |
| Nationality | Indian (NRI) |
| Profession | Businessman, Philanthropist |
| Notable Role | Founder of GEMS Education |
| Industry Focus | Education and global schooling |
| Key Achievements | Established one of the largest private school networks in the world |
| Philanthropy | Involved in initiatives for educational reform and access to education |
| Legacy | Influential figure in global education, promoting high-quality schooling |
8. Abdulla Futtaim
Abdulla Futtaim is the eighth richest person in Dubai with a net worth of $2.5 billion. He holds the Al Futtaim Group, a partnership involved in automotive, insurance, and real estate.
| Key Point | Description |
| Full Name | Abdulla Al Futtaim |
| Nationality | Emirati |
| Profession | Businessman, Entrepreneur |
| Notable Role | Founder of Al-Futtaim Group |
| Industry Focus | Automotive, retail, real estate, and electronics |
| Key Achievements | Expanded Al-Futtaim Group into a leading conglomerate in the UAE and beyond |
| Philanthropy | Active in various charitable initiatives and community development |
| Legacy | Pioneered the retail and automotive sectors in the UAE, leaving a lasting impact |
9. Hussain Sajwani
Hussain Sajwani has a net worth of $2.1 billion and is ninth on the list of Dubai’s richest people. He founded DAMAC Properties which is a real estate development company. He is ranked 962nd globally in terms of wealth. His awards include:
| Key Point | Description |
| Full Name | Hussain Sajwani |
| Nationality | Emirati |
| Profession | Businessman, Entrepreneur |
| Notable Role | Founder and Chairman of DAMAC Properties |
| Industry Focus | Real estate and construction |
| Key Achievements | Developed DAMAC into one of the largest luxury real estate developers in the Middle East |
| Philanthropy | Involved in various charitable initiatives and community development projects |
| Legacy | Significant influence on the luxury real estate market in Dubai and the broader region |
10. Saif Al Ghurair
Saif Al Ghurair holds the tenth spot among Dubai’s richest individuals with a net worth of $1.7 billion. He owns the Al Ghurair Group, which operates in real estate and manufacturing and has significant investments in private banks in the UAE.
| Key Point | Description |
| Full Name | Saif Al Ghurair |
| Nationality | Emirati |
| Profession | Businessman, Entrepreneur |
| Notable Role | Chairman of Al Ghurair Group |
| Industry Focus | Diversified sectors including manufacturing, trading, and real estate |
| Key Achievements | Expanded Al Ghurair Group into a major conglomerate in the UAE and beyond |
| Philanthropy | Active in community service and charitable initiatives |
| Legacy | Influential in shaping various sectors within the UAE’s economy |
Dubai is a renowned global city and a key part of the United Arab Emirates (UAE). As the largest city in the UAE, It is celebrated as a major center for business and culture. Additionally, It is also home to numerous famous and affluent people. It possesses a high concentration of wealthy individuals and many of its billionaires rank among the world’s rich men in Dubai.