UAE Preferred Place for Investors offer Attractive Business Avenues for Wealth Managers REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit In the past decade, UAE has become a hub for international trade with organizations from across the world establishing their offices there. This has resulted in UAE becoming the favorite destination for investors from across the world. In fact, as of 2015, the High Net Worth individuals in UAE represent approximately 20% of the total ultra-wealthy population in the entire Middle East. From the above figure it is clear that, there is increased demand for innovative investment solutions and the desire for gaining access to highly sophisticated investment products has also increased. Also, there is a general bent towards advisory mandates for discretionary or other types of asset management options. Overall, the HNW portfolio in UAE is well-balanced, with property and bonds accounting for the largest share of allocation followed by equities. However, the focus is expected to shift from properties towards equities in the coming five years. This is because, historic data reflects that, in the last three years the amount of private wealth held in equities grew by almost 13.8% as opposed to the 1.6% and 6.9% growth in bonds and other deposits respectively. In the next five years, wealth in the UAE is expected to further grow and expand by 2020, with the breakdown anticipated to be 43% in deposits and cash, 9% in bonds and 47% in equities. In addition, in 2014, the upper HNW segment witnessed the highest growth at an estimated 16.1%. With a CAGR of 12% by the end of this decade, the segment is expected to rise further. Reasons behind this growth include both growth in the real purchasing power of average households and an increasing number of new households. Figure: Comparison of UAE’s Private Wealth V/S Entire MEA Region (Source: Khaleejtimes.com) Overall, the HNW portfolio in UAE is well-balanced, with property and bonds accounting for the largest share of allocation followed by equities. However, the focus is expected to shift from properties towards equities in the coming five years. This is because, historic data reflects that, in the last three years the amount of private wealth held in equities grew by almost 13.8% as opposed to the 1.6% and 6.9% growth in bonds and other deposits respectively. Key Macroeconomic Trends Driving Growth in UAE Wealth Management Industry The UAE has a highly diversified economy and was successfully able to sidestep any catastrophe that could have been caused by collapse in oil prices. From a purely economic outlook, the federation is expected to remain stable till 2020. Although low oil-prices have somewhat weakened the GDP growth, the government’s initiatives towards economic diversification will lead to promotion of non-oil growth. Dubai and Abu Dhabi will remain the center of all growth. UAE ECONOMIC SNAPSHOT 2011 2012 2013 2014 2015 Population (million) 8.5 8.8 9.0 9.3 9.6 GDP per capita (USD) 40,072 41,685 41,980 42,067 – GDP (USD bn) 341 365 379 391 – Economic Growth (GDP, annual variation in %) 5.2 6.9 4.3 4.6 3.1 Table: UAE Economic Snapshot (Source: Focus-Economics. Com) Some macroeconomic factors driving growth in UAE’s wealth management industry include: Increasing number of new households in the UAE, which in-return is driven by an increasing influx of expats. Increase in average household purchasing power along with increasing GDP per capita between 2011-2015. Decreasing unemployment rate over the period of 2011-2015. Growing number of High-Net-Worth individuals in the UAE including both locals and expats. The following figure gives a snapshot of how private wealth is increasing in the UAE: To know more on coverage, click on the link https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/wealth-uae-hnw-investors/29314-93.html Related Reports Wealth in The UK: HNW Investors; Understanding HNW Investors and Wealth Management Strategies Self-Directed Investors: Implications for Wealth Managers; Understanding How Self-Directed Investment Affects the Wealth Management Industry. Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com www.kenresearch.com Tags: Alternative Investment Methods in UAE, Emirati HNW investors Investment Trends, Financial Services Sector UAE, high net worth individuals by country, HNW Investors in UAE, Investment Assets in the UAE, Investment Assets of Wealth Management, UAE HNWI Investment in Real Estate Market, UAE HNWI population Forecast, UAE HNWI Portfolio, UAE Wealth Management Industry Statistics, Ultra High Net Worth Investors in the UAE