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Dubai News Club > Business > Millionaires in Dubai make everyone else feel poor
Business

Millionaires in Dubai make everyone else feel poor

Press Room
Last updated: 2025/01/22
Press Room
Published: January 22, 2025
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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

At a Tikki-themed bar in Dubai early last year, a man claiming to be a Scandinavian real estate millionaire ordered a round of tequila cocktails while yelling his formula for success in my ear (“fame, power and money”). His companion, a blonde air hostess, fell off her stool. 

This absurd moment has come to feel like something of an omen. Bona fide millionaires —…

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