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Five Richest People Living in Dubai Right Now


Five Richest People Living in Dubai Right Now: Hello, Everyone Today I am going to share some interesting facts on the Five Richest people who are living in Dubai right now. Dubai is one of the most progressive cities in the whole world. Even it is situated in a Middle Eastern country like the United Arab Emirates, it has an open culture which attracts the businesses from all around the world. This city welcomes the most of the entrepreneurs to come to this city and be a part of the world of business over there. That is why the reason behind this the richest people living in Dubai are not only from the Emirates, but from the other countries too. The of the city has a fascinating work culture to reach the success. Dubai happens to be amongst those well-established cities, in which one will have managed to get the right kind of investment with its wide-ranging of business development strategies. That is why this makes the city the most developed one in the entire Middle East. Even though Dubai exists of a great cosmopolitan culture, there is no any denying the fact that it is being in an Islamic country which follows the Islamic rules. The Top Five Richest people living in Dubai right now are:

Five Richest People Living in Dubai Right Now

1. Mohamed Alabbar

He is one of the Richest person in Dubai now. The Mohamed Alabbar’s company called, Emaar Properties, made a world record after building the “Burj al Khalifa,” the tallest building ever in the world. It was in the year 2010, when the UAE was having a difficult time in real estate. The building “Burj al Khalifa” has a more than 1,000 works of art, and from the photography to the painting to the sculpture, which are created by the various international artists. The works of art are particularly chosen to represent the diversity of Dubai. Mohamed Alabbar is called to be the one of the major people who are responsible for designing the Dubai as one of the world’s most popular shopping destinations ever. In the year of 2011, he built The Dubai Mall which attracted about the 54 million visitors. He also launched the Dubai Shopping Festival. Mohamed Alabbar’s net worth is $76 million now, which makes him the one of the richest people in the Dubai. In the year of 2006, the Foreign Direct Investment magazine named him the Middle East Personality of the Year.

2. Dhahi Khalfan Tamim

Dhahi Khalfan Tamim is also one of the Head of General Security for the Emirate of Dubai. He also led the Dubai Police Force until the Khamis Al-Mazeina took over in the year of 2013. More recently, Dhahi Khalfan Tamim took a controversial stand in favor of the US President Donald Trump’s “Muslim ban.” He took it to Twitter to declare his “complete support” for the Trump’s policy, which is banned the entry of people from the seven Muslim countries to the United States and as it might cause a terror in the country’s security. Dhahi Khalfan Tamim is also responsible for introducing the DNA tests in the investigations. He also created the rehab centers and rescue the teams. He launched over the 22 establishments, namely like the Dubai Forensic Laboratory and the Dubai Police Academy. Tamim’s net worth is $81 million, which is also makes him one of the richest people in Dubai.

3. Azad Moopen

The next richest one in the list of the richest people living in Dubai is the physician Azad Moopen. Azad Moopen earlier was a teacher in Kerala, India. However, he ended his teaching profession and started with just a one clinic in Dubai in the year of 1987. Now, this Indian physician has a chain of hosptals in Dubai, which is called Aster DM Healthcare. This hospital chain has more than 200 pharmacies, 90 clinics and 18 hospitals in India and also in the Middle East. This Healthcare has more than 2000 doctors in it and as its employee base, who treat around 10 million patients in a year. His Aster DM Healthcare had 25% stake in the Ramesh Hospitals in Hyderabad, India in the last year. His net worth at present is $1.03billion, it is as of the date of April 27, 2017. He also received a number of more prestigious awards like the Arab Health Award for the “Outstanding Contribution of an Individual to the Middle East Healthcare Industry” in the year of 2010 and the Dubai Service Excellence Award in the year of 2004. The Indian government also awarded him with the Padma Shri in the year of 2011.

4. Joy Alukkas

He is Promoted as the World’s favorite jeweler; this Indian businessman is among one of the richest people in Dubai. With his net worth $1.72 billion as of in the year April 27, 2017, Joy Alukkas has the jewelry chain around the world. The mother company of this jewelry owner is based in Kerala, India, now it has 130 showrooms around the world. He set up his first ever jewelry showroom in the state of UAE in the year 1987 and has only flourished his buisness over the years. The Joyalukkas Group has the present employment of around 8000 people and in 11 countries such as India, UK, Qatar, Oman, Bahrain, Kuwait and Saudi Arabia and Singapore. This jewelry chain has got the “Retailer of the Year” in the Middle East as an honor. This Joyalukkas company has also got the “Dubai Quality Awards Certification”. It is happening to be the only one jeweler to get this prestigious Superbrand status in the UAE for the continuous six consecutive years. This jeweler Group operations has also deals in the Luxury Air Charter and in the Money Exchange and Fashion.

5. Hussain Sajwani

Hussain Sajwani also founded the Damac Properties, it is a residential real estate developing company in the year of 2002. He bought a piece of land in a part of the city, which was still an underdeveloped. It took him around less than six months to sell off all the units with in his 38-storied residential building. And, that was happened even before Hussain started the construction of the building. Now, Hussain Sajwani is one of the most important people who make the city Dubai an exquisitely designed city ever. Hussain partnered with Donald Trump in the year of 2013 to develop the two golf courses. After theTrump became the U.S. president, The Trump’s International Golf Course in Dubai opened in the year of February 2017 at the Damac’s Akoya residential development. The Trump World Golf Course is also scheduled to open a separate Damac development at the end of the year of 2018. This golf course is designed by none other than the Tiger Woods. Hussain’s net worth is $3.4 billion, as of in the year April, 2017.

So, these are some of the List of Top Five Richest People who are still living in Dubai. If any Queries or Questions persist please feel free to comment your view points.