Top 25 Richest People in Dubai 2024
Dubai is a city that has been growing rapidly over the past few decades. It’s now one of the most expensive cities in the world and home to some of the richest people on earth. If you’re looking for more information about Dubai’s rich people, then this list will tell you everything about them!
1. Hussain Sajwani
- Hussain Sajwani
Sajwani is a billionaire businessman and the founder of DAMAC Properties, an investment company based in Dubai. He currently serves as CEO of both companies, but also owns shares in other companies such as Al Tayer Group and Crescent Group. As Chairman of the Board at DAMAC Properties, he oversees all aspects of operations including management strategy and financial planning while also acting as board member for several other firms such as Crescent Group (which owns The Mall at World Trade Center) and G Adventures (which offers travel experiences worldwide).
2. Mohamed Alabbar
Mohamed Alabbar is the chairman of Emaar Properties, Mideast Properties and Mideast Investments. He also owns a controlling stake in Mideast Holdings.
Alabbar first entered Dubai in the early 1970s when he was looking for business opportunities after graduating from economics at Cairo University. He started by working as an employee at banks but later went on to establish several businesses under his own name before starting up Emaar Properties with a friend who had previously worked in investment banking (the two men would later go on to form Emaar Holding).
3. Alain Elkabbach
Alain Elkabbach is a French businessman, who is the founder of Olympique de Marseille and also its chairman. He also owns 100% stake in the club.
Elkabbach was born in 1961 to Algerian parents who were refugees from their country due to the war there. His father worked as a chef at an hotel restaurant near Monaco where he met his future wife while working there. The couple eventually married and moved to France where they had three children: two daughters and one son respectively.
Alain Elkabbach began his professional career as a football player before switching over to manage several clubs including Nancy Anderlecht (Belgium), Stade Rennes (France), Valenciennes FC (France) etc.. In 2001 he founded Olympique de Marseille which has since become one of Europe’s most successful clubs winning many trophies including Ligue 1 twice within three years after its creation!
4. Yousuf Hamad Al Hosani
- Yousuf Hamad Al Hosani
Yousuf Hamad Al Hosani is a billionaire who is the founder of the United Arab Emirates and Dubai International Financial Center. He also founded one of the biggest construction companies in Dubai, Emaar Properties, which has been worth $36 billion at present time.
5. Mohammed Alabbar
Mohammed Alabbar is the founder of Emaar Properties. He is also known as the richest man in Dubai, with an estimated net worth of $7 billion.
In his early years, he worked as a teacher and then became an entrepreneur by starting a petrol station called Motor Oil Company in Egypt. He then moved to Dubai where he started his real estate business with his brother Mohammad Ali Alabbar who was also involved in this venture as well. Later on they created Emaar Properties which now owns many high-end hotels around the world including Shangri-La Hotel & Spa Abu Dhabi; Crowne Plaza Hotel & Suites Dubai Marina Resort & Spa; Marriott Marquis Hotel & Conference Center – Burj Khalifa; Intercontinental Hotel Downtown Burj Khalifa Tower 2 (Burjkhalifa)
6. Mansour Bin Mazyad Al Ali Al Hosani
Mansour Bin Mazyad Al Ali Al Hosani is the chairman of Dubai Holding and Dubai Group, as well as being the president of Emirates Group. Mansour Bin Mazyad Al Ali Al Hosani also serves as chairman of Dubai Properties.
The billionaire originally made his fortune in property development before branching out into several industries including hospitality, tourism and retail (the latter two through his investment in companies like Ikea).
7. Abdul Haq Bin Ali Al Hashemi
Abdul Haq bin Ali Al Hashemi is the founder of the Gulf News, which he started in 1976. The newspaper is one of the largest Arabic language newspapers in the world and is published in Dubai, Sharjah, Abu Dhabi and Doha.
Al Hashemi owns a private jet that costs $38 million dollars to operate each year. He also has a mansion on Palm Jumeirah Island with an observatory at its highest point that is valued at $60 million dollars (which makes it one of Dubai’s most expensive homes).
He also owns multiple other high end properties throughout Dubai alone including an island off Al Ain called “The World” where he built an artificial island complete with hotels & casinos as well as villas for visitors who visit him there during vacation season!
Takeaway:
In this article, we’ll look at the richest people in Dubai.
We’ve compiled a list of the top 25 richest people in Dubai from February 2023 to April 2020.
The takeaway from this article is that there are many wealthy individuals who have made their fortunes through honest hard work and perseverance.
Conclusion
In conclusion, the richest people in Dubai are quite diverse. There are bankers, tycoons and even royal families who have made their fortune in the city over the years. If you want to know more about what makes someone successful at this game of finances then follow me on Twitter @DevyaniKaur_Dubai