This is a list of richest people in Dubai, United Arab Emirates as of 2020 according to the latest report by an American business magazine Forbes. Almost everyone in the world knows Dubai from its vast luxury life and being a home to many billionaires. Dubai is part of the 7 United Arab Emirates and has been closely associated with oil for the better part of the last century. According to the report from Forbes, banks, shopping malls, construction, auto dealership, real estate, and healthcare top the investments list for the richest men in Dubai.
Richest People in the United Arab Emirates as of 2020 according to Forbes Magazine
Abdulla bin Ahmad Al Ghurair
Food, construction and real estate
Majid Al Futtaim
Real estate, retail, Hotels
Abdulla Al Futtaim
Auto dealers, investments
Saeed Bin Butti Al Qebaisi
Saif Al Ghurair
Real Estate and Manufacturing
Khalifa Bin Butti Al Muhairi
1. Abdulla bin Ahmad Al Ghurair
He is the founder and chairman of Mashreqbank, one of the leading banks in the United Arab Emirates. Ahmad Al Ghurair owns Al Ghurair Foods which has the biggest pasta factory in the Middle East. He also has interests in retail and construction. Abdulla bin Ahmad Al Ghurair is worth $5.9 B as of 2018.
2. Majid Al Futtaim
Majid owns a company by the name Majid Al Futtaim Holding which operates 12 hotels and 21 malls, including Mall of the Emirates in Dubai and the Mall of Egypt in Cairo. His company also has a license to operate hypermarkets for French company Carrefour across the Middle East, North Africa, and Central Asia.
3. Hussain Sajwani
Hussain has invested heavily in real estate and has a company by the name Damac Properties which operates the business.
4. Abdulla Al Futtaim
He is an auto dealer and has invested in shopping malls. His auto dealership company; Al Futtaim Group is the United Arab Emirates distributor of Toyota. He also owns Dubai and Cairo Festival City shopping malls.
5. Saeed Bin Butti Al Qebaisi
Saeed owns Centurion Investments which operates health care, money exchange, and retail businesses.
6. Saif Al Ghurair
The 94-year-old billionaire is founder and chairman of Al Ghurair Group which has interests in banking, steel, and packaging.
7. Khalifa Bin Butti Al Muhairi
The 39-year-old is the chairman of KBBO Group which operates various businesses in healthcare, education, technology, finance, and retail.