Dubai is a land of luxury, dreams, and enterprise. In the UAE, Dubai is one of the most growing cities. Dubai looks very small, but there are more than 3,302,000 residents. In the Middle East, Dubai is well-popular as the second most expensive city and in the world, ranks as 20th. The wealthiest people choose Dubai to live and start a new business. The unique architecture and innovations make Dubai a perfect place to live. In this blog, we deliver a list of the top 10 richest people in Dubai.
- 1. Pavel Durov – Net Worth: $15.5 Billion
- 2. Majid Al Futtaim – Net Worth: US $6.2 Billion
- 3. Sunny Varkey – Net Worth: US $1.9 Billion
- 4. Micky Jagtiani – Net Worth: US $3.1 Billion
- 5. M.A Yusuff Ali – Net Worth: US $4.9 Billion
- 6. Rizwan Sajan – Net Worth: US $1.5 Billion
- 7. Ravi Pillai – Net Worth: US $2.5 Billion
- 8. Abdullah Al Futtaim – Net Worth: US $2.1 Billion
- 9. Hussain Sajwani – Net Worth: US $2.5 Billion
- 10. Mohammed Khalaf Al Habtoor – Net Worth: US $2.1 Billion
Top 10 Richest People in Dubai, UAE 2025
1. Pavel Durov – Net Worth: $15.5 Billion

In 2024, Pavel Durov is the richest person in Dubai, with a net worth of $15.5 billion making him number one on the list of Top 10 Richest People in UAE. His net worth was disclosed on the Middle East Forbes List. He discovered the messaging app Telegram in 2013 which has more than 700 million monthly active users across the globe.
Pavel Durov left Russia after he refused to work with the secret services. Because of this, Telegram was banned in Russia from 2018 to 2021. Durov, who became a French citizen in 2021 but now lives in Dubai and has UAE residency. He was arrested in France in August. He has five children, with two ex-girlfriends, and recently revealed that he donated sperm which resulted in him having 100 children.
Key Point | Description |
Full Name | Pavel Valeryevich Durov |
Nationality | Russian (former), French (current) |
Profession | Entrepreneur, Founder of Telegram |
Notable Role | Founder and CEO of Telegram |
Education | Graduated from Saint Petersburg State University, Faculty of Philology |
Business Ventures | Founder of Telegram and VKontakte (Russia’s largest social network) |
Net Worth (2024) | $15.5 billion (as disclosed by the Middle East Forbes List) |
Philanthropy | Advocates for digital freedom and privacy |
2. Majid Al Futtaim – Net Worth: US $6.2 Billion

In UAE 2024, Majid Al Futtaim is now the 2nd richest person of Dubai with a net worth of $6.2 billion. Majid Al Futtaim is the chairman of Majid Al Futtaim Group. Futtaim Group is privately run a company that invests in real estate, entertainment, and car distribution. This company was established in 1992 and quickly grew as one of the largest companies in the UAE. Today, this company has more than 120 stores around North Africa, the Central Asia region, and the Middle East.
Key Point | Description |
Full Name | Majid Al Futtaim |
Founder | Established Majid Al Futtaim Group in 1992 |
Industry | Retail and Real Estate |
Notable Ventures | Introduced Carrefour supermarkets to the UAE |
Major Developments | Developed Mall of the Emirates and other prominent shopping centers |
Net Worth (2024) | US $6.2 billion |
Innovation Focus | Emphasized modern retail experiences and sustainability |
Impact | Major influence on the UAE’s economy and retail landscape |
3. Sunny Varkey – Net Worth: US $1.9 Billion

Sunny Varkey is the third richest man in Dubai. He is a non-residential Indian, and also an excellent education philanthropist as well as businessman. Sunny Varkey is the founder and chairman of GEMS Education, a management company that is quite popular for its advisory and education. This is the vast organization that is private for Kindergarten to 12 standard schools. A minimum of 52 schools are settled under this organization in 4 countries. Along with this, Sunny Varkey is a UNESCO Goodwill Ambassador. He is also the trustee and founder of the well-known Varkey Foundation. Total Net Worth is around US $1.9 billion that makes him number 3 on the list of Top 10 Richest Men in UAE
Key Point | Description |
Full Name | B.R. Shetty |
Nationality | Indian (NRI) |
Profession | Businessman, Philanthropist |
Notable Role | Founder of GEMS Education |
Industry Focus | Education and global schooling |
Key Achievements | Established one of the largest private school networks in the world |
Philanthropy | Involved in initiatives for educational reform and access to education |
Net Worth | US $1.9 billion |
Legacy | Influential figure in global education, promoting high-quality schooling |
4. Micky Jagtiani – Net Worth: US $3.1 Billion

In Dubai, Mukesh Wadhumal Jagtiani aka Micky Jagtiani is ranked at Fourth number on the the the list of Top 10 Richest Men in UAE with a net worth of $3.1 billion. Micky Jagtiani was born in India and has a settled UAE-based enterprise. He is the owner and chairman of Landmark Group, based in Dubai. Micky Jagtiani is quite popular for its notable landmark retail stores. The micky business delivers livelihood to more than 45000 people. There are a minimum of 1000 stores of Landmark Group across the Middle East, Persian Gulf region, and India.
Key Point | Description |
Full Name | Micky Jagtiani |
Nationality | Indian (NRI) |
Profession | Businessman, Entrepreneur |
Notable Role | Founder and Chairman of Landmark Group |
Industry Focus | Retail, hospitality, and e-commerce |
Key Achievements | Expanded Landmark Group into a leading retail chain in the Middle East and India |
Philanthropy | Active in various charitable initiatives, particularly in education and health |
Net Worth | US $3.1 billion |
Legacy | Influential in transforming the retail landscape in the region |
5. M.A Yusuff Ali – Net Worth: US $4.9 Billion

Yusuff Ali Musaliam Veetti Abdul Kader (M.A Yusuff Ali) is a very popular Indian billionaire and entrepreneur. Yusuff Ali is the managing director and chairman of LuLu Group International. This group includes LuLu International Shopping Mall and LuLu Hypermarket chains across the world. LuLu Group International’s annual profit is around US$7.4 billion. According to Forbes, M.A Yusuff Ali is ranked no. 1 among the top 100 businessmen in the Arab World in the list of 2018.
Key Point | Description |
Full Name | M.A. Yusuff Ali |
Nationality | Indian (NRI) |
Profession | Businessman, Entrepreneur |
Notable Role | Chairman and Managing Director of Lulu Group |
Industry Focus | Retail, grocery, and hospitality |
Business Ventures | Involved in banking, real estate, and investments |
Key Achievements | Expanded Lulu Hypermarket chain across the Middle East |
Philanthropy | Known for charitable contributions in education and health |
Net Worth | US $4.9 billion (approx.) |
Legacy | Influential figure in promoting Indian business globally |
6. Rizwan Sajan – Net Worth: US $1.5 Billion

Rizwan Sajan, founder and chairman of Danube Group, is one of Dubai’s wealthiest individuals. From humble beginnings, he built a successful empire in building materials, construction, real estate, and home furnishings. Under his leadership, Danube Group has grown significantly, expanding across multiple countries and becoming known for its affordable housing initiatives in the UAE. As a self-made entrepreneur, Sajan is a key contributor to Dubai’s economic progress, with a net worth of approximately US $1.5 billion, ranking him among the Top 10 Richest Men in UAE.
Key Point | Description |
Full Name | Rizwan Sajan |
Nationality | Indian |
Profession | Businessman, Entrepreneur |
Notable Role | Founder and Chairman of the Danube Group |
Industry Focus | Building Materials, Construction, Real Estate, Home Furnishings |
Business Ventures | Involved in affordable housing, construction, real estate, and various product offerings |
Key Achievements | Substantial growth of Danube Group, recognition in affordable housing, significant contribution to Dubai’s economy |
Net Worth | US $1.5 billion (approx.) |
Legacy | Recognized for his entrepreneurial success and influence in Dubai’s economic development |
7. Ravi Pillai – Net Worth: US $2.5 Billion

Ravi Pillai started his career with a local friend when the labor strike was held in Kerala and Ravi Pillai decided to move to the UAE. After two years of his enterprise, it grows into a new enterprise, Nasser S.Al Hajri Corporation (NSH). After the NSH launch, the company established a billion-dollar empire foundation, RP Group. Ravi Pillai was ranked as the 529 richest people around the world, according to the list of 2019.
Key Point | Description |
Full Name | Ravi Pillai |
Nationality | Indian |
Profession | Businessman, Entrepreneur |
Notable Role | Founder and Chairman of the Ravi Pillai Group |
Industry Focus | Construction, hospitality, and various investments |
Business Ventures | Involved in banking, real estate, and investments |
Key Achievements | Major projects in the Middle East and India |
Net Worth | US $2.5 billion (approx.) |
Legacy | Influential in promoting Indian businesses abroad |
8. Abdullah Al Futtaim – Net Worth: US $2.1 Billion

Abdullah Al Futtaim, an Emirati billionaire and fellow cousin of Majid Al Futtaim. He is the owner of Al-Futtaim Group. In the list of the top ten richest people in Dubai, Abdullah Al Futtaim ranked seventh. Abdullah Al Futtaim’s net worth is around 2.1 US billion dollars. He specialized in retail and real estate operations in the automotive industry. Along with this, he is the CEO of Al-Futtaim Private Company LLC.
Key Point | Description |
Full Name | Abdulla Al Futtaim |
Nationality | Emirati |
Profession | Businessman, Entrepreneur |
Notable Role | Founder of Al-Futtaim Group |
Industry Focus | Automotive, retail, real estate, and electronics |
Key Achievements | Expanded Al-Futtaim Group into a leading conglomerate in the UAE and beyond |
Philanthropy | Active in various charitable initiatives and community development |
Net Worth | US $2.1 billion |
Legacy | Pioneered the retail and automotive sectors in the UAE, leaving a lasting impact |
9. Hussain Sajwani – Net Worth: US $2.5 Billion

Hussain Sajwani is one of the richest people in Dubai. He is the founder and chairman of DAMAC Properties- a real estate development company. DAMAC Properties is counted among the best firms in real estate. Hussain Sajwani was awarded the Arabian Business Real Estate award along with the title of the Real Estate Legend. Recently, Hussain Sajwani Ranked 962 among the world’s richest people.
Key Point | Description |
Full Name | Hussain Sajwani |
Nationality | Emirati |
Profession | Businessman, Entrepreneur |
Notable Role | Founder and Chairman of DAMAC Properties |
Industry Focus | Real estate and construction |
Key Achievements | Developed DAMAC into one of the largest luxury real estate developers in the Middle East |
Philanthropy | Involved in various charitable initiatives and community development projects |
Net Worth | US $2.5 billion (approx.) |
Legacy | Significant influence on the luxury real estate market in Dubai and the broader region |
10. Mohammed Khalaf Al Habtoor – Net Worth: US $2.1 Billion

Mohammed Khalaf Al Habtoor, the son of Al Habtoor, a business tycoon, and CEO of the Al Habtoor Group. The Al Habtoor Group is one of the largest corporations in the UAE. Mohammed Khalaf Al Habtoor looks after the diversification of Al Habtoor Group into insurance, hotels, real estate, automobile, hospitality, the publishing industry, and education. Along with this, he is the founder of the Dubai Polo Gold Cup.
Key Point | Description |
Full Name | Mohammed Khalaf Al Habtoor |
Nationality | Emirati |
Profession | Businessman, CEO of Al Habtoor Group |
Notable Role | CEO of Al Habtoor Group, Founder of Dubai Polo Gold Cup |
Achievements | Successfully expanded the Al Habtoor Group across various industries |
Business Ventures | Diversification of Al Habtoor Group into insurance, hotels, real estate, automobile, hospitality, publishing, and education |
Net Worth | US $2.1 billion (approx.) |
Major Initiative | Founder of Dubai Polo Gold Cup, a prestigious polo tournament |
Impact | Instrumental in strengthening UAE’s global presence in business and sports |