Khaberni -The UAE has established itself as a leading global center in wealth management, surpassing its regional role, to become the top destination for high-net-worth individuals and international financial institutions, thanks to an advanced model that combines financial stability, strategic government policies, and economic openness.
The latest reports affirm that this momentum is expected to continue, with the country anticipated to experience a net influx of 9,800 millionaires in 2025, with a total investible wealth estimated at about 63 billion US dollars, according to a recent report by Henley & Partners, a consulting firm for migration and international investments.
The Vice President of the Advisory Council for "Wealth Bricks", Sovo Sarkar, in his talk to the Emirates News Agency (WAM), stated that "the UAE has become one of the fastest-growing wealth management markets in the world, driven by strategic government policies, advanced financial infrastructure, and a solid reputation as a safe destination for investors from various regions of the world."
He said: "Individuals around the world view the UAE as a safe destination, whether from Europe, Asia, or the Middle East and North Africa region, due to the stability of policies, availability of a high-quality lifestyle, along with a flexible and attractive tax system, all of which make it an ideal destination for the wealthy seeking a stable environment to grow and protect their wealth."
Sarkar further explained that "the UAE is experiencing unprecedented growth in the number of high-net-worth individuals, surpassing advanced countries like Australia, the United States, and Europe, which necessitates the presence of more companies specializing in wealth management to meet this increasing demand," highlighting the prominent role played by leading financial centers such as "Abu Dhabi Global" and Dubai International Financial Center.
On her part, the co-founder and Investor Relations Manager at "Dovehouse Capital Fund IC", Hind Aql, to "WAM", stated that "the UAE financial sector has reached significant strength and solidity led by both Abu Dhabi Global Market and Dubai International Financial Center, alongside a strong base of sovereign funds and institutional investors, which has made the country a strong global capital hub."
Aql affirmed that the attractiveness of the UAE is not limited to the regulatory and tax environment, but also extends to include the exceptional quality of life, stating: "It has become normal for entrepreneurs and investors to settle in Abu Dhabi or Dubai with their families, due to the state providing world-class educational facilities, advanced healthcare facilities, high levels of security and stability, in addition to the openness of the Emirati culture that makes it a home for many."
The data supports this leading status, with a report issued last January by the "Innovation Hub", affiliated with the Dubai International Financial Center, in collaboration with "Julius Baer", the Swiss wealth management company, and "Euroclear", the organization specialized in developing the infrastructure of global financial markets, anticipating that the region will see a historic shift of wealth valued at a trillion dollars to the next generation by 2030.
This includes high-net-worth individuals in the UAE who have seen their assets grow by 20% reaching 700 billion dollars since 2022, confirming that the UAE has "engineered" one of the most successful wealth attraction strategies in the modern era.
