The latest data compiled by New World Wealth reveals that Dubai, is now the top fifth "second-home hotspot," for the ultra-rich, Gulf News reported on Monday. 

The global market research group estimates that "87 percent of the world's 522,000 multi-millionaires" own second homes in countries/cities abroad. 

These include Dubai, which "has emerged as one of the most popular locations for these homes, with an estimated 8,600 multi-millionaires acquiring second properties in the city as of December 2016."

Other countries/cities that came in the top 10 list of second-home hotspots for the rich include London, which came in first, followed by New York City. 

The list also featured Hong Kong, Singapore, the Hamptons, Geneva, Miami, Paris, and Zurich.

According to Gulf News, the latest report also reveals that the number of wealthy individuals acquiring second homes in the emirate has "increased notably over the past year." 

It even surpassed a few of the world's most popular cities including the Hamptons, Miami, Geneva, Paris, Zurich and Los Angeles.

This comes as no surprise, given that the trend-setting city is a diverse, cosmopolitan place to live in, and is home to millions of people from all over the world. 

Egyptian actor Ahmed Magdy has been stealing the hearts and minds of women all over the Arab world for years ... but now it's gotten pretty serious.

Magdy's appearance in the Ramadan TV series Le A3la Se3ir (At the Highest Price) - alongside legendary Egyptian actress Nelly Karim and Ahmed Fahmy - has seriously got the world love-struck.

The 31-year-old actor was born to an Algerian mother and an Egyptian father (director Magdy Ahmed Ali in case you were wondering) ... and to say the least, he's most definitely taken the best of both worlds.