In 2026, Dubai remains a premier global wealth hub. Pavel Durov is at the top of the richest people with business tycoons like Hussain Sajwani and Yusuff Ali M.A. Other top billionaires, including Renuka Jagtiani and Abdulla Al Futtaim & Family, are leading across local retail, real estate, and automotive sectors.
Dubai is a land of luxury, dreams, and enterprise. In the UAE, Dubai is one of the most Fastest growing cities. Dubai looks very small, but there are more than 4million residents. The wealthiest people choose Dubai to live and start a new business. In this blog, we have listed the top 10 richest people in Dubai, UAE.
- 1. Pavel Durov – Net Worth: $17.1 Billion
- 2. Hussain Sajwani – Net Worth: US $15.3 Billion
- 3. M.A Yusuff Ali – Net Worth: US $7.4 – $7.8 Billion (approx)
- 4. Joy Alukkas – Net Worth: US $6.7 Billion
- 5. Renuka Jagtiani – Net Worth: $5.6 billion
- 6. Abdulla Al Futtaim & Family – Net Worth: $4.7 billion
- 7. Abdulla bin Ahmad Al Ghurair & Family – Networth: US $4.2 to $4.7 Billion
- 8. Ravi Pillai – Net Worth: US $4.2 Billion
- 9. Sunny Varkey – Net Worth: US $3.7 Billion
- 10. Abbas Sajwani – NetWorth: $1.9 billion
last updated on 4/05/2026
Top 10 Richest People in Dubai, UAE 2025-26
1. Pavel Durov – Net Worth: $17.1 Billion
Pavel Durov is the richest person in Dubai, with a net worth of $17.1 billion in 2026 making him number one on the list of Top 10 Richest People in Dubai UAE. He invented the messaging app Telegram in 2013 which has more than 1 billion 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 (2025) | US $17.1 billion (approx..) |
| Philanthropy | Advocates for digital freedom and privacy |
2. Hussain Sajwani – Net Worth: US $15.3 Billion
Hussain Sajwani is the 2nd richest person of 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 billionares 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 $15.3 billion (approx.) |
| Legacy | Significant influence on the luxury real estate market in Dubai and the broader region |
3. M.A Yusuff Ali – Net Worth: US $7.4 – $7.8 Billion (approx)
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 – $7.8 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 $7.4 – $7.8 billion (approx.) |
| Legacy | Influential figure in promoting Indian business globally |
4. Joy Alukkas – Net Worth: US $6.7 Billion
As the Chairman and Managing Director of the global jewellery conglomerate, Joyalukkas Group, Joy Alukkas strengthens his place among the top richest men in Dubai. His journey of expanding his father’s business to a global scale started from being a school dropout in Kerala, India.
In 1988, he opened his first jewellery store in Abu Dhabi, while his brothers were focused only on the Indian market. Today, he has expanded his business across countries, including India, the UAE, the UK, the USA, Singapore, Malaysia, Saudi Arabia, Qatar, Kuwait, Bahrain, and Oman, becoming one of the richest people in Dubai.
| Key Point | Description |
| Full Name | Joy Alukkas |
| Nationality | Indian |
| Profession | Businessman |
| Notable Role | Chairman & MD of Joyalukkas Group |
| Industry Focus | Jewelry retail |
| Key Achievements | Expanded Joyalukkas into one of the largest jewelry retail chains globally |
| Philanthropy | Active in healthcare, housing, and charitable initiatives through the Joy Alukkas Foundation |
| Net Worth | Estimated at over US $6.7 billion |
| Legacy | Transformed a regional jewelry business into a global retail brand |
5. Renuka Jagtiani – Net Worth: $5.6 billion
In Dubai, Renuka Jagtiani is ranked 5th on the list of Top 10 Richest people in Dubai, UAE, with a net worth of $5.6 billion. Renuka Jagtiani was born in India in March 1995 and played a significant role in the Landmark Group, founded by her husband. She is now the chairman of Landmark Group, based in Dubai.
Renuka Jagtiani is quite popular for its notable landmark retail stores, and is the only businesswoman in the list of top 10 richest people in UAE. There are over 2,200 stores of Landmark Group across the Middle East, Persian Gulf region, and India.
| Key Point | Description |
| Full Name | Renuka Jagtiani |
| Nationality | Indian (NRI) |
| Profession | Businesswoman |
| Notable Role | Chairwoman & CEO of Landmark Group |
| Industry Focus | Retail and hospitality |
| Key Achievements | Expanded Landmark Group into one of the Middle East’s largest retail and hospitality conglomerates |
| Philanthropy | Supports education, women’s empowerment, and community development initiatives |
| Net Worth | US $5.6 billion |
| Legacy | Key leader in transforming retail across the Middle East and India |
6. Abdulla Al Futtaim & Family – Net Worth: $4.7 billion
Abdullah Al Futtaim, an Emirati billionaire and the 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 6th.
Abdullah Al Futtaim’s net worth is around $4.7 billion. 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 $4.7 billion |
| Legacy | Pioneered the retail and automotive sectors in the UAE, leaving a lasting impact |
7. Abdulla bin Ahmad Al Ghurair & Family – Networth: US $4.2 to $4.7 Billion
Abdulla bin Ahmad Al Ghurair and Family are 7th among the top richest people in Dubai. He is a renowned billionaire and the founder of Mashreq bank (1967), who started the Abdulla Al Ghurair Foundation for education.
Ahmad Al Ghurair’s diversified family conglomerate expands into construction, banking, food, and real estate. He is also highly respected for the role that he played in the construction of the world’s largest building, Burj Khalifa. He is currently residing in Dubai, UAE, with an estimated net worth of around $4.2 billion to $4.7 billion.
| Key Point | Description |
| Full Name | Abdulla bin Ahmad Al Ghurair |
| Nationality | Emirati |
| Profession | Businessman, Philanthropist |
| Notable Role | Founder of Mashreq Bank; Chairman of Al Ghurair Group |
| Industry Focus | Banking, real estate, and manufacturing |
| Key Achievements | Built one of the UAE’s leading banking institutions (Mashreq) |
| Philanthropy | Founded the Abdulla Al Ghurair Foundation for Education to support Arab youth |
| Net Worth | US $4.2 to $4.7 (family wealth) |
| Legacy | Pioneer in UAE banking and major contributor to education initiatives |
8. Ravi Pillai – Net Worth: US $4.2 Billion
Ravi Pillai started his career with a local friend when the labor strike was held in Kerala and he decided to move to the UAE. After two years of his enterprise, it has grown 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 1,011th richest person around the world, according to the Forbes list. He has ranked 8th on the list of the Richest People in Dubai UAE.
| 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 $4.2 billion (approx.) |
| Legacy | Influential in promoting Indian businesses abroad |
9. Sunny Varkey – Net Worth: US $3.7 Billion
Sunny Varkey is the 9th richest person in Dubai, UAE. He is a non-residential Indian, and also an excellent education philanthropist as well as a businessman. Sunny Varkey is the founder and chairman of GEMS Education, a management company that is quite popular for its advisory and education services.
This is the vast organization that is private for Kindergarten to 12th-grade schools. A minimum of over 80 schools are settled under this organization in multiple countries. Along with this, Sunny Varkey served as a UNESCO Goodwill Ambassador. He is also the trustee and founder of the well-known Varkey Foundation.
| Key Point | Description |
| Full Name | Sunny Varkey |
| 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 | Estimate US $3.7 – $4 billion |
| Legacy | Influential figure in global education, promoting high-quality schooling |
10. Abbas Sajwani – NetWorth: $1.9 billion
Abbas H. Sajwani is not only one of the richest people in Dubai, but also the youngest billionaire with an estimated net worth of around $1.9 billion. Being the son of the second-richest person in Dubai, Hussain Sajwani, he is also the founder and owner of the luxury real estate company, AHS Properties.
| Key Point | Description |
| Full Name | Abbas Sajwani |
| Nationality | Emirati |
| Profession | Business Executive |
| Notable Role | Senior executive at DAMAC Properties |
| Industry Focus | Real estate, luxury property development |
| Key Achievements | Key role in expanding DAMAC’s international real estate presence |
| Philanthropy | Associated with DAMAC’s charitable initiatives |
| Net Worth | US $1.9 billion |
| Legacy | Represents next-generation leadership in UAE real estate through DAMAC |
Frequently asked Questions
Who is the richest person in Dubai in 2026?
Pavel Durov is the richest person in Dubai in 2026, with an estimated net worth of around $17.1 billion.
Who is the king of Dubai?
The ruler of Dubai is Mohammed bin Rashid Al Maktoum, who also serves as the Vice President and Prime Minister of the UAE.
Why do billionaires choose Dubai to live?
Dubai attracts billionaires due to zero income tax, a luxury lifestyle, global connectivity, strong business opportunities, and a safe environment.
Who is the richest Indian in Dubai?
M. A. Yusuff Ali is one of the richest Indian-origin billionaires in Dubai, known for leading LuLu Group International.
Which industries make most billionaires in Dubai?
Key industries include real estate, retail, banking, construction, and technology, with leaders like Hussain Sajwani dominating the real estate sector.
Conclusion
Dubai comes across as a leading hub of luxury, invention, and wealth, which attracts a range of billionaires and aspiring leaders. Pavel Durov is the richest person in Dubai, UAE, as of 2026. Well, these are the top 10 richest people in Dubai who solidify the city’s economic landscape. They have made several contributions to sectors like real estate, retail, banking, education, healthcare, and entertainment.
Additionally, their comprehensive accomplishments highlight Dubai’s role as an international hub for entrepreneurs and wealth creation. Moreover, their stories are the key examples of opportunities that Dubai offers for those with ambition, perseverance, and the drive to succeed on a global stage. Therefore, the city continues to be a magnet for high-net-worth individuals, which sets a standard of progress in the Middle East.
Also Read :
Top 10 Famous Emirati Entrepreneurs of 2026
Best Saloons in Dubai- Top 10 Men’s Saloons in Dubai UAE
Disclaimer: The rankings and net worth figures are based on publicly available estimates as of 2026 and may vary due to market changes, asset valuations, and undisclosed holdings. Figures may differ from sources like Forbes or Bloomberg and are for informational purposes only.