Dubai is one of the most saught after cities in the world and is also the most progressive. Although it is situated amidst some of the the most conservative countries it boasts of an open minded and “live and let live” policy.
It is a business hub and a place for opportunities. The city welcomes entrepreneurs to come to the city and be a part of the world of business over there. That is why the richest people living in Dubai are not only from the Emirates, but from other countries as well. The warmth of the city has a fascinating work culture.
Dubai is proof that being an Islamic state has not stopped it from being progressive. Dubai happens to be a wide-open market for anybody who is willing to do business in the city. Dubai has constantly produced millionaires and billionaires over the years, thanks to its perfect location for the shipping sector. Dubai also has highly developed logistics and extremely convenient product distribution. The city allows duty free exports to a number of countries in the Middle East, which motivates foreign investors to go for offshore companies here. Here are the 15 richest people living in Dubai.
So this goes to prove that Dubai is a great place for people to amass wealth and stay prosperous, but who are the top 10 richest people of the state? Here is a list telling you these facts!
15. Mohamed Alabbar
Mohamed Alabbar can be credited for being one of the major people responsible for making Dubai a shoppers paradise. In 2011, he built The Dubai Mall that attracted about 54 million visitors. Mohamed Alabbar also launched Dubai Shopping Festival, an iconic retail trade event of the city. Mohamed Alabbar’s net worth is $76 million, which makes him one of the richest people in Dubai. In 2006, Foreign Direct Investment magazine named him as the Middle East Personality of the Year.
Mohamed Alabbar’s company, Emaar Properties, is well renowned for building “Burj al Khalifa,” which is the tallest building in the world. “Burj al Khalifa” has more than 1,000 works of art, from photography to painting to sculpture, which are created by various international artists. The works of art are specifically chosen to represent the diversity Dubai boasts of.
14. Dhahi Khalfan Tamim
Dhahi Khalfan Tamim is the Head of General Security for the Emirate of Dubai. He also led the Dubai Police Force until Khamis Al-Mazeina took over in 2013. his international recognition was due to the attention during the investigation of the group allegedly responsible for the assassination of senior Hamas military commander, Mahmoud al-Mabhouh. More recently, Dhahi Khalfan Tamim took a controversial stand in favor of Donald Trump’s “Muslim ban.” He took to Twitter to declare his “complete support” for Trump’s policy, which banned entry of people from seven Muslim countries to the United States as it might cause a breach in the country’s security.
Dhahi Khalfan Tamim is responsible for introducing DNA tests in investigations. He also created rehab centers and rescue teams. He launched over 22 establishments, like the Dubai Forensic Laboratory and the Dubai Police Academy. Tamim’s net worth is $81 million, which makes him one of the richest people in Dubai.
13. Sheikha Lubna Al Qasimi
The first Emirati woman to hold a cabinet position is also the only person on this list. Sheikha Lubna Al Qasimi was appointed as the Minister of State for Tolerance, and she immediately visited Pope Francis. During her tenure, she was responsible for pushing the UAE to unprecedented philanthropy. While the country contributed $1.6 billion to foreign nations in 2012, it was $5.4 billion in 2013. Back in 2004, she became Sheikha Lubna Al Qasimi earlier served as the Minister of International Cooperation and Development.
Ranked as one of world’s more powerful women, Sheikha Lubna Al Qasimi’s net worth is $90 million. A member of the Sharjah’s ruling family, she is credited for developing a system at Dubai airport, which slashed cargo turnaround times. She established the first B2B online marketplace in the Gulf, Tejari. Sheikha Lubna Al Qasimi is a member the board of directors at the Dubai Chamber for Commerce and Industry.
12. Azad Moopen
This expat was a a teacher in Kerala, India. He then gave up his teaching profession and started with just one clinic in Dubai in 1987. fast forward 30 years later and the Indian physician has a hospital chain in Dubai, called Aster DM Healthcare. The chain has 200 pharmacies, 90 clinics and 18 hospitals in India and the Middle East. Aster DM Healthcare has more than 2000 doctors as its employee base, who treat 10 million patients in a year. Azad Moopen’s Aster DM Healthcare acquired 25% stake in Ramesh Hospitals in Hyderabad, India last year.
His net worth at present is $1.03b, as of April 27, 2017. He received a number of prestigious awards like the Arab Health Award for “Outstanding Contribution of an Individual to the Middle East Healthcare Industry” in 2010 and Dubai Service Excellence Award in 2004. The Indian government awarded him with Padma Shri in 2011.
11. Joy Alukkas
With his net worth standing at a staggering $1.72 billion (as of April 27, 2017), Joy Alukkas is cleary one of the richest persons in dubai. His jewelry chain is well renowned around the world with mother company is based in Kerala, India. the company boasts of while it has 130 showrooms around the world. Joy Alukkas set up his first jewelry showroom in the UAE in 1987 and has only flourished over the years.
The Joyalukkas Group employs of around 8000 people 11 countries such as India, UK, Qatar, Oman, Bahrain, Kuwait and Saudi Arabia and Singapore showing that its a major player the middle east. The jewelry chain has the Retailer of the Year in the Middle East honor in its kitty. The company has also got the Dubai Quality Awards Certification. It happens to be the only jeweler to get the prestigious Superbrand status in the UAE for six consecutive years. The Joyalukkas Group operations also deals in Luxury Air Charter, Money Exchange and Fashion.