UAE ultra-wealthy population set to grow to 6,588 by 2031

6 articles · Updated · Gulf News · Apr 25

Knight Frank’s 2026 Wealth Report forecasts a rise from 4,851 ultra-wealthy individuals in 2026, driven by Dubai’s surging luxury property market and Abu Dhabi’s growing appeal.
Dubai ranks second globally for prime residential price growth, with luxury property prices up 25.1% in the past year and transactions over $10 million rising from 113 in 2021 to 500 in 2025.
The UAE’s business environment, stability, and connectivity continue to attract high-net-worth individuals, positioning Dubai and Abu Dhabi as leading global wealth destinations over traditional centres like New York and London.

As the ultra-rich arrive, what happens to housing affordability for other Dubai residents?

How is Dubai's rise as a wealth hub changing global inheritance and asset protection?

With Abu Dhabi also rising, is the UAE creating its own internal rival for wealth?

Can Dubai's property boom survive the escalating Middle East conflict?

Is Dubai's zero-tax, high-luxury model a sustainable path to economic stability?

Can Dubai's diversified economy truly insulate it from volatile global energy markets?