49.7 thousand new millionaires join the club of the rich in the UAE until 2025

The global consultancy firm Knight Frank said that the number of wealthy people living in the UAE whose wealth exceeds one million dollars (3.67 million dirhams) has reached 155,929 people, by the end of 2020, it is expected that this number will reach 205,664 individuals in By 2025, that is, about 49.7 thousand new millionaires, at a rate of 9,947 wealthy individuals every year.

The company added, in the "Global Wealth 2021" report, that "Emirates Today" obtained, a copy of it, that the number of people of super-wealth, whose assets exceeded $ 30 million (about 110 million dirhams), reached 1,305 people, by the end of last year. It is expected to rise to 1,592 people in 2025, at a rate of 57 new riches every year.

The company stated that the wealth report shows a clear rise in demand for residential real estate.

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