Dubai ranks among world's second home hotspots for multi-millionaires
Beating out Paris and Monaco
The report was created by global wealth consultancy firm, New World Wealth, and named the UAE city as the fifth most popular city for the ultra-wealthy to buy second homes, ahead of cities such as Paris, Monaco and Miami.
A total of 8,200 multi-millionaires have bought second homes in the Dubai, according to the report, with the list topped by London (22,300), then New York at second place (17,400) Hong Kong (14,800) at third, and Singapore coming in at number four (11,200). Rounding up the top 10 after Dubai was The Hamptons, Paris, Zurich, Geneva and Rio de Janeiro.