Ranking of the 50 richest cities in the world in 2025
Dubai’s Rise, Seoul’s Fall, and Lisbon’s Amazing Entry on the Global Wealth Map
The global wealth map is changing. Until a few years ago, wealth was concentrated in a few Western megacities, but by 2025, the situation has shifted. According to a new report, the richest cities in the world are identified based on their millionaire population, and there are significant changes in this list.
Among these cities, Dubai stands out as one of the most important destinations for the world’s wealthy, making it a star in this ranking. On the other hand, cities like Seoul and Moscow have experienced notable declines.
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The United States: Still the Flagbearer of Global Wealth
With 11 cities on the list, the United States maintains its position as the world’s primary wealth hub. Cities such as New York, Los Angeles, San Francisco, Chicago, and Miami are among the most important cities that attract not only domestic billionaires but also international investors.
Dubai: Rising to Rank 18 Among the 50 Richest Cities in the World
In 2025, Dubai, Among the wealthiest cities in the world 2025 managed to rise from rank 21 to 18, becoming the wealthiest city in the Middle East. The reasons for this growth include:
- Tax exemptions and foreign investment attraction laws
- Luxurious lifestyle and high-quality urban services
- Investment security and political stability
- Excellent geographical access to global markets
This city has now become the top destination for wealthy individuals from India, China, Russia, and even Europe, who are looking to migrate and purchase property.
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Seoul’s Decline: A Warning for East Asia
Seoul, the capital of South Korea, has fallen from rank 19 to 24. Despite a strong economy, this decline happened due to reasons like:
- Increased taxes on the wealthy
- Restrictions in the housing market
- Migration of investors to cities with more open policies like Singapore or Dubai
- Social and work pressures
Lisbon: A Surprising Entry into the List
Lisbon, the capital of Portugal, has entered the list of the 50 richest cities in the world for the first time. The city’s steady yet gradual growth has made it a popular destination for digital nomads and European investors.
Reasons for this growth include:
- Tax incentives for foreigners
- Relaxed European lifestyle
- Affordable real estate compared to other Western countries
related to this article: Investing in Dubai، Luxury and Sustainable Projects.
The Fall of London and Moscow: A Significant Drop in Millionaire Populations
- London: 12% decrease due to post-Brexit capital outflows, tax pressures on luxury real estate, and competition with Zurich, Dubai, and Monaco.
- Moscow: 25% decrease due to widespread sanctions, geopolitical instability, and Russian billionaires migrating to Turkey, the UAE, and Armenia.
Top 10 Cities in 2025 Based on Millionaire Population
| Rank | City | Country | Millionaires |
|---|---|---|---|
| 1 | New York | USA | 345,600 |
| 2 | Tokyo | Japan | 304,500 |
| 3 | SF Bay Area | USA | 284,400 |
| 4 | London | UK | 272,400 |
| 5 | Singapore | Singapore | 249,800 |
| 6 | Los Angeles | USA | 213,500 |
| 7 | Beijing | China | 164,500 |
| 8 | Shanghai | China | 149,500 |
| 9 | Sydney | Australia | 147,300 |
| 10 | Hong Kong | China | 143,400 |
Frequently Asked Questions
1. Is Dubai the best city for wealthy migrants?
Yes, Dubai has become the first choice for many wealthy individuals due to its favorable tax policies, advanced lifestyle, and significant economic growth.
2. Can you obtain residency by purchasing property in Dubai?
Yes, buying property in Dubai can lead to obtaining residency for 2 to 10 years. More information is available here.
3. Is investing in Lisbon still worthwhile?
Yes, but its as a wealthiest cities in the world 2025, competitive advantage is less compared to Dubai. For those who prefer a European lifestyle, Lisbon is a great option.
What’s the future of wealth?
The global wealth map is undergoing transformation. Cities like Dubai, which are attracting investors with smart policies, low taxes, and golden opportunities, are shaping the future. Now is the time for you to secure your place on this map.
According to the “Wealthiest Cities in the World 2025” report published by Henley & Partners, Dubai has achieved a significant rise in attracting wealthy individuals, securing the 18th position among the 50 wealthiest cities globally based on the number of millionaires.
Dubai now hosts 81,200 millionaires, 237 centi-millionaires (individuals with assets over $100 million), and 20 billionaires. The city has had the most growth among the wealthiest cities in the world in the past year, rising three spots.
Invest in Dubai Now
If you are considering investing, migrating, or purchasing property in one of the wealthiest cities in the world, our consulting team at Amlakuae is here to help.
