Dubai stands among the wealthiest nations of the world. Back in 2003, there was a 4.5 percent rise in the number of high networth citizens according to the World Wealth Report prepared by Merrill Lynch. It was also found that the investable assets owned by these individuals witnessed a 4.25 percent rise. After Saudi Arabia, the UAE has the biggest population of high networth individuals in the GCC countries according to the survey.

High networth people have at least 1 million US dollar worth of financial resources, besides real estate assets.