His emphasis on digital and privacy features, resulted in list of the richest billionaire in Dubai. Real estate plays a pivotal role in wealth accumulation in Dubai by allowing and offering investment opportunities that are highly valued and devoid of any tax cuts. It ensures massive returns, and in turn, more investments and inflow of funds for the economy.
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The Al Ghurair Group is involved in various businesses and industries in the economy of Dubai City. Ravi Pillai manages RP Group- the most influential business entities offering businesses in construction, hospitality and many other industries. Ravi is amongst renowned listed Indian businessman in Dubai, investing in the most important projects in the Middle East and India. Majid Al Futtaim was the founder of Majid Al Futtaim Group- an Emirati real estate and retail conglomerate in Asia and Africa. The group currently spans over 20 international markets and employs over 45,000 people.
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The world’s richest person, Elon Musk, was the biggest loser, as his net worth fell by an estimated $16 billion to $407 billion in June. Warren Buffett and French luxury goods tycoon Bernard Arnault of LVMH also saw their fortunes fall by $6 billion and $5 billion, respectively. B. Ravi Pillai is a Dubai-based Indian billionaire businessman and the founder of RP Group. He was enrolled at Cochin University, where he attained a degree in Commerce. While in university, Ravi started his first business and later an engineering contract business. He worked for some major industrial houses such as Cochin Refineries, Hindustan Newsprint Limited, and Chemicals Travancore Limited.
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The Emirati billionaire who is the fellow cousin of Majid Al Futtaim and owner of the Al-Futtaim Group, Abdullah Al Futtaim is counted as one of the richest men richest man in dubai in Dubai. He was the top Indian businessman in the Arab region according to Forbes Middle East in 2018.
He currently ranks among the richest people in Dubai with a net worth of 3.1 billion. Philip Day is the founder and chairman of the retail conglomerate Edinburgh Woollen- managing various brands such as Jaeger, Peacocks, Austin Reade and many more. His ability to manage high-street brands and create value through acquisitions has made him a renowned figure in the retail industry. Saif Al Ghurair is Head of the Al Ghurair Group- a conglomerate active in real estate, manufacturing and trading businesses.
- Hussain Sajwani, the founder and chairman of DAMAC Properties, is another prominent figure in Dubai’s wealth landscape.
- Page cofounded search engine Google with fellow Stanford PhD student Sergey Brin in 1998 and served as CEO until 2001 and from 2011 to 2015.
- As per various media reports, the property of Sania Mirza is estimated to be worth around Rs 13 crore.
- The wealth-tracking platform provides ongoing updates on the net worth and ranking of each individual confirmed by Forbes to be a billionaire.
- His sharp business acumen and vision have cemented his legacy as a stalwart in the global business arena.
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Well-developed infrastructure, the magnificent skyline, exclusive buildings, and outstanding technology make Dubai the place to attract people with high incomes. Even from the geographical area perspective, this city is relatively small but currently has a population of 3.3 million plus some of the world’s richest people. In fact, many of the richest people in Dubai contribute significantly to its global image. Dubai has been ranked among the second-most expensive cities in the Middle East and twentieth in the global list. With a net worth of $2.1 billion, Sajwani is considered one of Dubai’s top real estate magnates.
- According to the richest person list, Ravi Pillai was ranked as one of the 529 richest people around the world and 3rd in Dubai.
- It may seem like a small city but there are more than 3,302,000 residents living in Dubai.
- R. Shetty or Bavaguthu Raghuram Shetty is an elite businessman who migrated from Udupi (India) to Dubai to set up his healthcare empire.
- The company is known for its luxury residential and commercial developments, catering to high-net-worth individuals and global investors.
- After shifting to UAE, his business began to rise to fame as he gradually went from a small trader to a business conglomerate.
He has won numerous accolades, including Outstanding Asian Businessmen of the Year (2007) and Education Business Leader of the Year (2012). It has generously donated money to establish universities and institutions around the world. He now has a $2.6 billion net worth, making him one of Dubai’s wealthiest individuals. Dubai has one of the highest concentrations of rich people in a single city and attracts businessmen like moths to a flame.
Once a labor strike closed his engineering contact business, he went to Saudi in 1978. However, you will be flabbergasted to know that he had to sell his ₹12,478 crore business for a mere ₹74 owing to a major pitfall. His magnificent reign came to an end after Muddy Waters, a firm in the UK, made unpaid tax allegations against him which were proven to be true. After he immigrated to Dubai, he worked as the first medical representative and founded the New Medical Centre Health with his wife being the only doctor. From there, NMC reached a point where it was listed as an IPO on the London Stock Exchange and saw an influx of $330 million. Even though he has stepped down as the chairman of Mashreqbank, he is still a member of the board.
Abdulla Al Naboodah is the non-executive director of the European Tour Group. He is also founder and chairman of Dubai Basketball, and shareholder of Al Naboodah Group. He contributed to golf development in the UAE, as a vice chairman of the Emirates Golf Federation from 2010 to 2016. Rizwan Sajan is the founder and chairman of the Danube Group- one of the popular housing initiative in Asia, Africa and the Gulf markets . Rizwan has won Mohammed Bin Rashid Al Maktoum Business Excellence Award.
The Weave at Jumeirah Village Circle by Al Ghurair development
According to the richest person list, Ravi Pillai was ranked as one of the 529 richest people around the world and 3rd in Dubai. This is the first healthcare company from the Gulf Cooperation countries. Born on September 2, 1953 in Chavara, Kerala, India, Dr. B. Ravi Pillai is a notable Indian billionaire businessman and the founder of the RP Group. While he was still a student at the University of Cochin, he established a chit fund in Kollam.
Al Ghurair’s journey began with his family’s business, which expanded into various sectors, including finance, manufacturing, and real estate. His establishment of Mashreqbank marked a turning point, positioning him as a leader in the UAE’s financial sector. 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 $3 billion in 2025. In 2018, he joined the Giving Pledge which provides commitment to donate half of his wealth to charitable causes. He shifted to the United Arab Emirates in 1973 and opened a shop for baby products. He started his small business and now he is considered one of the richest men in the world with a net worth of $3.1 billion.
Achieving significant wealth in Dubai typically involves entrepreneurship, strategic investments, and leveraging the city’s business-friendly environment. Micky Jagtiani has earned his billions through retail business (what type?) This Indian boy stands at third position among the richest men in Dubai for 2024 with an estimated net worth of $5 billion. Today, he is the Founder and Chairman of Burjeel Holdings and VPS Healthcare.