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Saturday, November 2, 2024
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How Dubai’s ‘rich kids’ spend their money

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DUBAI: In today’s age of Instagram, Facebook and social media, postings showing off your wealth abound.

But at least one social media account has grown in popularity, leaving the underprivileged – those who can’t afford the Dh1,000-per-person afternoon tea at the world’s tallest tower – only to envy.

‘Dubai Rich Kid’ on Instagram offers a glimpse into the glamorous lives of young people living in the UAE flush with cash and flaunting their wealth with Loubutins, Chanels, Ferraris or Lamborghinis and exotic pets.

“We feature the best of Dubai! Dubai Cars, Dubai Fashion, Dubai Properties. Dubai Dreams,” reads the account’s short description.

This privileged elite likes to spend the day on a yacht or by the pool with a bottle of champagne, shopping for the latest Chanel handbag or Loubutin heels, or sipping Versace tea in a posh restaurant.

They might drive their Lamborghini to the beach in Dubai, smoking a cigar on the balcony, admiring the view of the Burj Khalifa and Downtown Dubai.

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They may be spotted taking their pet cheetah for a quick walk or drive around the city. If they want to avoid morning traffic, that’s fine too. They can always hail a special kind of taxi: a helicopter.

Dubai’s privileged elite owns a stunning apartment with a jacuzzi or bathtub and million-dollar views.

Or enjoy a walk-in wardrobe the size of the average rental room in Dubai.

Assisted by uniformed porters, they could easily be spotted shopping in the Dubai Mall.

The Instagram page is one of the latest accounts to showcase the lifestyles of the wealthy, capitalizing on the now-famous phrase “rich kid of X,” which has spawned numerous publications and TV shows.

It has had fewer than 400 posts so far, but fans can expect to see more as the ultra-rich flock to the UAE in droves. Some 5,000 millionaires moved to the UAE in 2016 alone, up from 3,000 a year earlier.

The United Arab Emirates also broke into the top 20 for the highest concentration of ultra-wealthy in the world for the first time, with the number of billionaires in the country growing by more than 30%. A total of 21 people with assets of at least $1 billion now live in the UAE, up from 16 last year.

In Dubai, owning a cheetah as a pet is becoming a growing trend among the wealthy.

Expect to see an array of luxury cars in front of their villa.

Wealthy elites can afford to fly abroad on private jets.

Want to drive while traveling abroad? no problem. Put the Bugatti on the plane.

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