Dubai, known as a global financial hub and luxury destination, is home to numerous wealthy individuals and families. Among these families, one stands out as being the richest in Dubai – the Al Maktoum family.
The Al Maktoum family has been ruling Dubai since the late 19th century and has played a significant role in shaping the city’s development and growth. They are known for their extensive investments in various sectors, including real estate, aviation, tourism, and finance.
History of the Al Maktoum Family
The Al Maktoum family traces its roots back to the Bani Yas tribe, an influential tribal confederation in the Arabian Peninsula. The family gained prominence when Sheikh Maktoum bin Butti Al Maktoum became the ruler of Dubai in 1833. Since then, the family has held the position of ruling sheikh, passing it down through generations.
Under the leadership of Sheikh Rashid bin Saeed Al Maktoum, Dubai experienced rapid growth and transformation. The discovery of oil in the region further boosted the family’s wealth and enabled them to invest in various ventures, leading to the diversification of Dubai’s economy.
The Al Maktoum Family’s Wealth
The Al Maktoum family’s wealth is estimated to be in the billions, with assets spanning across the globe. They own extensive real estate holdings, including iconic landmarks such as Burj Khalifa, the tallest building in the world, and the Palm Jumeirah, an artificial island known for its luxury living and resorts.
Furthermore, the family owns Emirates Group, which includes one of the world’s leading airlines, Emirates, and the Dubai World Trade Centre, a major business and trade hub in the region. Their investments also extend to sectors such as banking, construction, and infrastructure.
Notable Members of the Al Maktoum Family
The current ruler of Dubai is Sheikh Mohammed bin Rashid Al Maktoum, who has been in power since 2006. He is known for his progressive vision and efforts to transform Dubai into a global city. Sheikh Mohammed is also a renowned poet and equestrian.
Another prominent member of the Al Maktoum family is Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai. Sheikh Hamdan is actively involved in various initiatives to promote entrepreneurship, innovation, and sustainable development in Dubai.
The Al Maktoum family, with its vast wealth and influential position, continues to shape the landscape of Dubai. Through their investments and leadership, they have propelled the city to international prominence and cemented their place as the richest Arab family in Dubai.