HNWIs & Wealth Sector in the UAE Discussed in Topical WealthInsight Market Study Published at MarketPublishers.com04 Feb 2015 • by Natalie Aster
LONDON – The high net worth individuals (HNWIs) in the United Arab Emirates held USD 92.5 billion (more than 36%) of their wealth outside their homeland as of 2013, which is above the global average of 20–30%. Forecasts suggest external asset holdings account for 34% of total HNWI assets by 2018, standing at USD 118 billion. Europe accounted for around 33% of these foreign assets as of 2013, followed by the APAC (just over 23.5%), the Middle East (20.5%), North America (close to 10%), Africa (9%), and South America (4%).
Domestic HNWIs’ allocations to Europe decreased as against other regions, from 36.7% in 2009 to nearly 33% in 2013. The APAC and Africa were considered as emerging regions in terms of global investments. Forecasts suggest HNWIs keep on reducing their investment in Europe over the next four years, reaching 30% by 2018, with Africa and the APAC region being the main growth drivers.
Topical market study “Challenges and Opportunities for the Wealth Sector in the UAE 2014” elaborated by WealthInsight provides a detailed analysis of the challenges and opportunities present in the UAE’s wealth management and private banking market, alongside providing a thorough examination of the country’s HNWI population and wealth management universe. The report provides unprejudiced data on the market size of the local HNWIs across five wealth bands, traces the key trends in HNWIs’ wealth and volumes during 2009-2013 and also offers detailed forecast figures by the respective parameters up to 2018-end. The research publication sheds light on HNWIs and UHNWIs’ asset allocations across 13 asset classes; provides a shrewd look at the key factors that drive the country’s HNWI population’s wealth. It also gives details about UHNWI volumes in each state and all leading cities, alongside identifying the fastest growing states and cities for UHNWIs over the period from 2009 to 2013.
Challenges and Opportunities for the Wealth Sector in the UAE 2014
Published: January, 2015
Price: US$ 1,995.00
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