These 5 Men Rule Dubai’s Wealth—#3 Will Shock You Now 2025!

Luxury1 month ago

Dubai is known for its luxury, skyscrapers, and incredible wealth. But behind all the glitz and glamour are a few powerful individuals who have shaped the city’s economy. These billionaires and business tycoons have made fortunes in real estate, retail, technology, and investments.

Here are the top 5 richest people in Dubai in 2025, their net worth, and how they built their wealth.

1. Majid Al Futtaim (Posthumous, Net Worth: $16 Billion+)

Though Majid Al Futtaim passed away in 2021, his legacy and company continue to dominate Dubai’s retail and real estate sectors. He was the founder of the Majid Al Futtaim Group, which owns and operates shopping malls, hotels, and entertainment businesses across the Middle East, including the famous Mall of the Emirates and Carrefour in the UAE.

His family still runs the business, and the brand is valued at billions of dollars. His empire remains one of the most powerful private businesses in the region.

Key Industries: Retail, real estate, entertainment
Famous For: Mall of the Emirates, Carrefour Middle East

2. Abdulla Al Futtaim (Net Worth: $9 Billion)

Abdulla Al Futtaim is a well-known Emirati businessman and the head of the Al-Futtaim Group, separate from Majid’s company. His empire covers automotive, retail, real estate, and finance. The group owns franchises for global brands like Toyota, IKEA, and Marks & Spencer in the UAE.

His investments in diverse industries have kept him among the richest in Dubai for years. The Al-Futtaim Group plays a major role in Dubai’s commercial landscape.

Key Industries: Automotive, retail, finance
Famous For: Toyota UAE, IKEA, Dubai Festival City

3. Pavel Durov (Net Worth: $15.5 Billion)

Often called the “Mark Zuckerberg of Russia,” Pavel Durov is the founder of the secure messaging app Telegram. Though he was born in Russia, Durov became a citizen of Saint Kitts and Nevis and later settled in Dubai, where Telegram is now headquartered.

Thanks to Telegram’s global popularity—especially for its focus on privacy—Durov has earned billions. He lives a low-profile, minimalist lifestyle, but his presence in Dubai tech circles is powerful.

Key Industries: Technology, social media
Famous For: Telegram App, privacy advocate

4. Hussain Sajwani (Net Worth: $4.5 Billion)

Hussain Sajwani is the founder and chairman of DAMAC Properties, one of the most well-known luxury real estate developers in the UAE. His company has built residential towers, villas, and entire communities across Dubai and the Middle East.

Sajwani is also famous for his high-profile business relationship with the Trump Organization. He brought international branding and design to Dubai’s real estate, helping make the city a magnet for wealthy investors.

Key Industries: Real estate, hospitality
Famous For: DAMAC Hills, Trump-branded golf courses

5. Saif Al Ghurair Family (Net Worth: $3 Billion)

The Al Ghurair family is one of Dubai’s oldest and most respected business dynasties. The late Saif Al Ghurair, who passed away in 2019, helped grow the Al Ghurair Group into a major player in banking, manufacturing, real estate, and food processing.

Today, the family continues to manage the group’s operations, and their wealth remains significant in Dubai’s business scene. They own large commercial properties and have stakes in key businesses throughout the Gulf.

Key Industries: Real estate, manufacturing, banking
Famous For: Al Ghurair Centre, Mashreq Bank

Why Dubai Attracts Billionaires

Dubai is not just a city of lights and luxury—it’s a business-friendly hub. It offers:

No personal income tax
Modern infrastructure
Global access to markets
High standard of living

Because of these benefits, entrepreneurs and investors from around the world move to Dubai to grow their wealth.

Final Thoughts

Dubai’s rich list is a mix of local Emirati dynasties and global tech entrepreneurs. Whether it’s building skyscrapers or coding billion-dollar apps, the richest people in Dubai have shown what it takes to succeed in a fast-moving, global city.

As Dubai continues to grow in finance, tech, and tourism, its list of billionaires is also expected to rise.