Dubai is one of the most important cities in the world for ultra, high-net-worth individuals (UHNWIs), a new study has found. According to The Wealth Report 2015, the emirate is considered one of the most sought-after residential locations, as well as the leading city in the Middle East for private jet traffic.

The report, which lists the ten most important cities in the world for the super rich, named Dubai as the eight most important, due to the fact that a great number of wealthy individuals choose to live there. It was also found that UHNWIs who reside outside of the UAE like to regularly visit for business or leisure purposes.

London tops The Wealth Report list this year, with the UK capital currently home to over 4,360 UHNWIs.

The full list is as follows:

1)      London

2)      New York

3)      Hong Kong

4)      Singapore

5)      Shanghai

6)      Miami

7)      Paris

8)      Dubai

9)      Beijing

10)  Zurich