Wealth of Arab city dwellers increases by $ 39 billion in one year



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Dubai saw an increase in the value of personal wealth held by its residents amounting to 143 billion dirhams ($ 39 billion) in just one year, from the end of June 2020 to the end of June 2021, according to additional data released by The South African firm New World Wealth, specializing in wealth-related studies, for its report on the world’s tallest cities in terms of the total personal wealth value of its people in 2021.

Dubai leads the cities in the Middle East and North Africa for the personal wealth of its residents, and ranks 29th in the world, with a total personal wealth of 1.94 trillion dirhams ($ 530 billion) until the end of June 2021, according to the report.

And “New World Wealth” added in the additional data that the rise in personal wealth in Dubai to nearly two trillion dirhams was achieved through its successful handling of the “Covid-19” crisis, which led to a tremendous increase in its attractiveness. to the rich since the outbreak of the pandemic, according to the Al Bayan newspaper.

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