Dubai ranks 23rd in the world for the most millionaires, while Abu Dhabi, Sharjah, Riyadh and Doha are also growing rapidly in the rankings.

Dubai's economy is performing strongly in a number of key sectors, including basic materials, hotels, financial services, oil and gas, real estate, retail and transportation.

In addition, Dubai has become a haven of choice for the wealthy in the midst of the recessionary crisis. The UAE is set to attract the most private wealth in the world this year, with a net inflow of 4,000 millionaires.

The latest figures show that property prices in Dubai soared by 70.3 percent in the 12 months to September this year, making it the fastest rising city in the global index compiled by the agency.

With so many rich people flocking to Dubai, where are they living?

Here are the 10 places with the most millionaires in Dubai.



Jumeirah First

Al Barsha

Jumeirah

Arabian Ranches

Al Thanyah

Umm Suqeim

Nakhlat Jumeirah

Marsa Dubai

Al Satwa

Umm Al Sheif