Dubai is a city where ambition meets opportunity. Known for its futuristic skyline, luxury lifestyle, and thriving economy, it has become a magnet for billionaires from across the globe. Many of the world’s wealthiest individuals either call Dubai home or have built their empires here. From tech innovators to real estate moguls and retail giants, these billionaires not only shape Dubai’s economy but also influence global markets. Here is the list of the Top 10 Richest People in Dubai (2025).
The Top 10 Wealthiest People in Dubai
| Rank | Name | Net Worth (2025) | Industry | Key Achievements |
| 1 | Pavel Durov | $17.1 Billion | Technology | Founder of Telegram & VK |
| 2 | Hussain Sajwani | $10.2 Billion | Real Estate | Founder of DAMAC Properties |
| 3 | Yusuffali M.A. | $7.5 Billion | Retail | Chairman of Lulu Group |
| 4 | Micky Jagtiani (Late) | $5.2 Billion | Retail | Founder of Landmark Group |
| 5 | Abdulla Bin Ahmad Al Ghurair | $4.8 Billion | Banking | Founder of Mashreq Bank |
| 6 | Joy Alukkas | $4.4 Billion | Jewelry | Chairman of Joyalukkas Group |
| 7 | Ravi Pillai | $4.1 Billion | Construction | Founder of RP Group |
| 8 | Sunny Varkey | $4 Billion | Education | Founder of GEMS Education |
| 9 | Abdulla Al Futtaim | $2.5+ Billion | Automotive & Retail | Owner of Al-Futtaim Group |
| 10 | Sunil Vaswani | $1.6 Billion | Commodities & Automobiles | Chairman of Stallion Group |
1. Pavel Durov – $17.1 Billion
Pavel Durov, the Russian-born founder of Telegram and VKontakte (VK), is the richest resident of Dubai. Known for his commitment to digital privacy and innovation, Durov has transformed Telegram into one of the world’s most popular messaging apps with over 900 million users. His decision to base himself in Dubai highlights the city’s appeal as a hub for global entrepreneurs.
| Attribute | Details |
| Name | Pavel Durov |
| Net Worth | $17.1 Billion |
| Industry | Technology |
| Known For | Founder of Telegram & VK |
| Key Impact | Revolutionized global messaging and digital privacy |
2. Hussain Sajwani – $10.2 Billion
Hussain Sajwani is the visionary behind DAMAC Properties, one of the Middle East’s largest luxury real estate developers. Starting from a catering business, he expanded into property development with global partnerships. His projects often feature collaborations with brands like Versace and Cavalli. Sajwani’s empire has redefined Dubai’s standards of luxury living.
| Attribute | Details |
| Name | Hussain Sajwani |
| Net Worth | $10.2 Billion |
| Industry | Real Estate |
| Known For | Founder of DAMAC Properties |
| Key Impact | Luxury real estate development across the Middle East |
3. Yusuffali M.A. – $7.5 Billion
Yusuffali M.A. is the chairman of Lulu Group International, a retail empire with over 250 hypermarkets worldwide. His journey from Kerala to Dubai is a story of determination and vision. Today, Lulu Group serves millions of customers across Asia, the Middle East, and Europe. He is also a key investor in UAE’s hospitality and aviation sectors.
| Attribute | Details |
| Name | Yusuffali M.A. |
| Net Worth | $7.5 Billion |
| Industry | Retail |
| Known For | Chairman of Lulu Group |
| Key Impact | Expanded retail presence across Asia, Middle East, and Europe |
4. Micky Jagtiani (Late) – $5.2 Billion
The late Micky Jagtiani was the founder of Landmark Group, a retail giant in the Middle East. His brands, such as Splash, Babyshop, and Home Center, remain household names. Though he passed away in 2023, his family continues to manage the empire. His legacy is one of resilience, vision, and retail dominance.
| Attribute | Details |
| Name | Micky Jagtiani |
| Net Worth | $5.2 Billion |
| Industry | Retail |
| Known For | Founder of Landmark Group |
| Key Impact | Built a retail empire spanning fashion, lifestyle, and home goods |
5. Abdulla Bin Ahmad Al Ghurair – $4.8 Billion
Abdulla Bin Ahmad Al Ghurair is the founder of Mashreq Bank, one of the UAE’s oldest and most successful banks. Beyond finance, his family is active in construction, food, and philanthropy, making him a pillar of Dubai’s business community.
| Attribute | Details |
| Name | Abdulla Bin Ahmad Al Ghurair |
| Net Worth | $4.8 Billion |
| Industry | Banking |
| Known For | Founder of Mashreq Bank |
| Key Impact | Expanded UAE’s financial services sector |
6. Joy Alukkas – $4.4 Billion
Joy Alukkas is the chairman of Joyalukkas Group, one of the world’s largest jewelry retailers. With over 160 showrooms worldwide, his brand is synonymous with trust and luxury. He transformed a family business into a global empire. Today, Joyalukkas is a household name in gold and diamond retail.
| Attribute | Details |
| Name | Joy Alukkas |
| Net Worth | $4.4 Billion |
| Industry | Jewelry |
| Known For | Chairman of Joyalukkas Group |
| Key Impact | Expanded jewelry retail across Middle East, India, and Europe |
7. Ravi Pillai – $4.1 Billion
Ravi Pillai is the founder of RP Group, a construction powerhouse in the Gulf. His company employs over 70,000 workers and has diversified into hospitality and healthcare. Starting from a small trading business, he built a multi-billion-dollar empire. His story is one of perseverance and strategic vision.
| Attribute | Details |
| Name | Ravi Pillai |
| Net Worth | $4.1 Billion |
| Industry | Construction |
| Known For | Founder of RP Group |
| Key Impact | Major contributor to Gulf infrastructure projects |
8. Sunny Varkey – $4 Billion
Sunny Varkey is the founder of GEMS Education, the world’s largest private school operator. His network includes over 250 schools in 14 countries. He has made Dubai a global hub for quality education. Beyond business, he is also known for his philanthropic initiatives in education.
| Attribute | Details |
| Name | Sunny Varkey |
| Net Worth | $4 Billion |
| Industry | Education |
| Known For | Founder of GEMS Education |
| Key Impact | Expanded private education globally |
9. Abdulla Al Futtaim – $2.5+ Billion
Abdulla Al Futtaim owns the Al-Futtaim Group, which holds franchises for Toyota, Lexus, IKEA, and Marks & Spencer in the UAE. His group is a cornerstone of Dubai’s retail and automotive industries. He has brought global brands closer to UAE consumers. His influence extends across multiple sectors of the economy.
| Attribute | Details |
| Name | Abdulla Al Futtaim |
| Net Worth | $2.5+ Billion |
| Industry | Automotive & Retail |
| Known For | Owner of Al-Futtaim Group |
| Key Impact | Brought global brands to UAE consumers |
10. Sunil Vaswani – $1.6 Billion
Sunil Vaswani is the chairman of Stallion Group, with interests in commodities, automobiles, and steel. His diversified empire spans Africa, the Middle East, and Asia. He is known for his global business acumen and adaptability. His ventures continue to expand across multiple industries.
| Attribute | Details |
| Name | Sunil Vaswani |
| Net Worth | $1.6 Billion |
| Industry | Commodities & Automobiles |
| Known For | Chairman of Stallion Group |
| Key Impact | Diversified business empire across continents |
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FAQs about the Richest People in Dubai
Q1: Who is the richest person in Dubai in 2025?
Pavel Durov with a net worth of $17.1 billion.
Q2: Which industries dominate Dubai’s billionaire list?
Technology, real estate, retail, education, and banking.
Q3: Are most billionaires Emiratis?
No. Many are Indian-origin entrepreneurs who built their fortunes in Dubai.
Q4: How do these billionaires impact Dubai’s economy?
They invest in infrastructure, education, retail, and philanthropy, shaping Dubai’s global reputation.