Dubai continues to work enthusiastically to establish itself as a premier global destination for living and working. Observers and global real estate consulting firms agree that "Dubai is a leading and unique city in meeting the highest levels of luxury living and the lavishness that wealthy individuals demand in their residences and lifestyles." During the pandemic, Dubai stood out to compete with New York, which leads the cities preferred by the wealthy worldwide, as well as surpassing London, the second most popular city for rich real estate investors, and Hong Kong, where the real estate industry is the primary driver of wealth.
These experts explain that while many cities around the world were popular due to their lifestyles and luxury, Dubai's response to the early spread of the coronavirus, its quick interaction and management of the economic and humanitarian challenges posed by the pandemic, and its precautionary measures to protect the community, vaccinate its members, and treat those infected have significantly elevated its status among global cities. This has attracted more millionaires who chose to live in a city that has been home to 55,000 individuals with fortunes exceeding one million dollars, 2,590 millionaires with ten million dollars or more, and 10 billionaires, according to data from New World Wealth, a firm specializing in wealth studies.
