Why it takes more money to be rich in the UAE than in US or UK

Have you ever wondered how much money it takes to be rich in the UAE?
Owning a house – preferably in a prime location, a sports car, a golf club membership, your kids going to a premium school (with at least a Dh50,000 in tuition fee per annum) – are all indications that you are faring well in your host country.
But, how much exactly does it take to be ‘wealthy’ and for others to consider that you have arrived in life in the UAE?
The answer is $2.6 million, which is the equivalent of Dh9.5 million, as per the findings of the deVere Group, an independent financial advisory organisation.
Surprisingly, it takes more money to be rich in the UAE than what it would take in the United States or the United Kingdom.
The deVere Group survey finds that in the United States, one would need $1.4 million (Dh5.1 million) to be called wealthy, whereas in the United Kingdom, it would be $1.3 million (4.7 million).
The money needed to be in this bracket drops in South Africa to $1.2 million (Dh4.4 million).
If you are in Hong Kong, you would need a little more in your kitty to be considered a rich person.
The average level of wealth someone would need to be deemed ‘wealthy’ in the Chinese state would be $2.8 million (Dh10.2 million).