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UAE Family Office Services Market

The UAE Family Office Services Market, valued at USD 99 million, is growing due to increasing high-net-worth individuals and needs for tailored financial strategies in Dubai and Abu Dhabi.

Region:Middle East

Author(s):Geetanshi

Product Code:KRAC1040

Pages:96

Published On:October 2025

About the Report

Base Year 2024

UAE Family Office Services Market Overview

  • The UAE Family Office Services Market is valued at USD 99 million, based on a five-year historical analysis. This growth is primarily driven by the increasing wealth of high-net-worth individuals and families in the region, alongside a growing demand for personalized financial management and investment strategies. The market is also supported by the rising complexity of wealth management needs, including tax planning, estate management, and philanthropic endeavors.
  • Dubai and Abu Dhabi are the dominant cities in the UAE Family Office Services Market due to their status as financial hubs, offering a favorable regulatory environment, advanced infrastructure, and a concentration of wealth. The presence of numerous multinational corporations and affluent expatriates further enhances the demand for family office services, making these cities attractive for wealth management firms. The Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM) have played a pivotal role in building a robust regulatory framework and world-class infrastructure, supporting the expansion of family offices and attracting international wealth.
  • The Family Arrangements Regulations 2023, issued by the Abu Dhabi Global Market (ADGM), established a comprehensive regulatory framework for family offices in the UAE. This framework mandates registration, sets governance and compliance standards, and provides operational guidelines for single and multi-family offices. The regulations aim to enhance transparency, investor protection, and international alignment, positioning the UAE as a premier destination for family office services.
UAE Family Office Services Market Size

UAE Family Office Services Market Segmentation

By Type:

UAE Family Office Services Market segmentation by Type.

The types of services offered in the family office sector include Investment Management, Tax Advisory Services, Estate Planning, Philanthropic Advisory, Family Governance, Risk Management, and Others. Among these, Investment Management is the leading sub-segment, driven by the increasing need for effective asset allocation and portfolio diversification among high-net-worth families. The growing complexity of investment options, including alternative assets such as private equity and real estate, and the desire for tailored financial strategies have made this service essential for family offices, leading to a significant demand for specialized investment management services.

By End-User:

UAE Family Office Services Market segmentation by End-User.

The end-users in the family office services market include Ultra High Net Worth Individuals (UHNWIs), High Net Worth Individuals (HNWIs), Family Businesses, and Trusts and Foundations. The UHNWIs segment dominates the market, as these individuals typically possess substantial wealth and require comprehensive services to manage their complex financial needs. The increasing number of UHNWIs in the UAE, driven by robust economic growth, favorable residency programs, and international investment opportunities, has led to heightened demand for specialized family office services tailored to their unique requirements.

UAE Family Office Services Market Competitive Landscape

The UAE Family Office Services Market is characterized by a dynamic mix of regional and international players. Leading participants such as Abu Dhabi Investment Authority, Dubai Investment Group, Al Habtoor Group, Emirates Investment Authority, Al-Futtaim Group, Majid Al Futtaim Holding, Al Qudra Holding, Al Ghurair Investment, Emaar Properties, Dubai Holding, Abu Dhabi National Oil Company, Sharjah Investment and Development Authority, Gulf Capital, Invest AD, Noor Investment Group contribute to innovation, geographic expansion, and service delivery in this space.

Abu Dhabi Investment Authority

1976

Abu Dhabi, UAE

Dubai Investment Group

2000

Dubai, UAE

Al Habtoor Group

1970

Dubai, UAE

Emirates Investment Authority

2007

Abu Dhabi, UAE

Al-Futtaim Group

1930

Dubai, UAE

Company

Establishment Year

Headquarters

Group Size (Large, Medium, or Small as per industry convention)

Revenue Growth Rate

Client Retention Rate

Average Assets Under Management (AUM)

Service Diversification Index

Pricing Strategy

UAE Family Office Services Market Industry Analysis

Growth Drivers

  • Increasing High Net Worth Individuals (HNWIs):The UAE has witnessed a significant rise in HNWIs, with overapproximately 68,400 individuals holding wealth exceeding USD 1 millionin future. This number is projected to grow by4–5%annually, driven by the region's economic stability and favorable investment climate. The influx of expatriates and the growth of local businesses contribute to this trend, creating a robust demand for family office services tailored to wealth management and preservation.
  • Demand for Wealth Preservation Strategies:As of future, approximately70% of HNWIs in the UAE prioritize wealth preservation, particularly in light of global economic uncertainties. This demand is fueled by the need to protect assets from market volatility and inflation, prompting family offices to offer bespoke strategies. The UAE's strategic location and tax advantages further enhance its appeal as a hub for wealth management, attracting families seeking to safeguard their legacies.
  • Rise in Family-Owned Businesses:Family-owned businesses constitute about90% of the UAE's private sector, contributing significantly to the economy. In future, these businesses generated approximatelyUSD 200 billion in revenue. The increasing complexity of managing these enterprises has led to a growing need for family office services that provide governance, succession planning, and investment management, ensuring long-term sustainability and growth.

Market Challenges

  • Regulatory Compliance Complexity:The regulatory landscape for family offices in the UAE is evolving, with new compliance requirements introduced in future. Family offices must navigate complex regulations, including anti-money laundering (AML) and know-your-customer (KYC) protocols. This complexity can deter potential clients, as the cost of compliance is estimated to reachUSD 1 million annuallyfor larger family offices, impacting their operational efficiency and profitability.
  • Limited Awareness of Family Office Services:Despite the growth in HNWIs, awareness of family office services remains low, withonly about 30% of potential clients familiar with the offerings. This lack of understanding hampers market growth, as many families continue to rely on traditional wealth management solutions. Educational initiatives and outreach programs are essential to bridge this knowledge gap and promote the benefits of tailored family office services.

UAE Family Office Services Market Future Outlook

The UAE family office services market is poised for significant growth, driven by increasing wealth concentration and a shift towards personalized financial solutions. As families seek to navigate complex financial landscapes, the demand for specialized services will rise. Additionally, the integration of technology in wealth management will enhance service delivery, making family offices more accessible. The focus on sustainable investments and philanthropy will further shape the market, aligning with global trends towards responsible investing and social impact.

Market Opportunities

  • Digital Transformation in Wealth Management:The adoption of digital tools in family offices is expected to streamline operations and enhance client engagement.Investments in fintech solutions are projected to exceed USD 500 million in future, enabling family offices to offer innovative services that cater to tech-savvy clients, thereby expanding their market reach and operational efficiency.
  • Growing Interest in Philanthropy and Impact Investing:There is a notable increase in HNWIs interested in philanthropy, withdonations from UAE-based individuals reaching approximately USD 1.5 billion in future. Family offices can capitalize on this trend by developing impact investing strategies that align financial returns with social good, appealing to a growing demographic of socially conscious investors seeking to make a difference.

Scope of the Report

SegmentSub-Segments
By Type

Investment Management

Tax Advisory Services

Estate Planning

Philanthropic Advisory

Family Governance

Risk Management

Others

By End-User

Ultra High Net Worth Individuals (UHNWIs)

High Net Worth Individuals (HNWIs)

Family Businesses

Trusts and Foundations

By Service Model

Single Family Office

Multi-Family Office

Virtual Family Office

By Investment Strategy

Direct Investments

Fund Investments

Alternative Investments (e.g., Private Equity, Real Estate)

By Geographic Focus

Domestic Investments

International Investments

By Client Engagement

Full-Service Engagement

Advisory-Only Engagement

By Asset Class

Real Estate

Equities

Fixed Income

Private Equity

Others (e.g., Art & Collectibles, Cryptocurrencies)

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., UAE Central Bank, Securities and Commodities Authority)

High-Net-Worth Individuals (HNWIs)

Family Business Owners

Private Wealth Management Firms

Trust and Estate Planning Services

Real Estate Investment Trusts (REITs)

Philanthropic Organizations and Foundations

Players Mentioned in the Report:

Abu Dhabi Investment Authority

Dubai Investment Group

Al Habtoor Group

Emirates Investment Authority

Al-Futtaim Group

Majid Al Futtaim Holding

Al Qudra Holding

Al Ghurair Investment

Emaar Properties

Dubai Holding

Abu Dhabi National Oil Company

Sharjah Investment and Development Authority

Gulf Capital

Invest AD

Noor Investment Group

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. UAE Family Office Services Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 UAE Family Office Services Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. UAE Family Office Services Market Analysis

3.1 Growth Drivers

3.1.1 Increasing High Net Worth Individuals (HNWIs)
3.1.2 Demand for Wealth Preservation Strategies
3.1.3 Rise in Family-Owned Businesses
3.1.4 Enhanced Regulatory Framework

3.2 Market Challenges

3.2.1 Regulatory Compliance Complexity
3.2.2 Limited Awareness of Family Office Services
3.2.3 Competition from Traditional Wealth Management
3.2.4 Economic Diversification Pressures

3.3 Market Opportunities

3.3.1 Digital Transformation in Wealth Management
3.3.2 Expansion of Investment Avenues
3.3.3 Strategic Partnerships with Financial Institutions
3.3.4 Growing Interest in Philanthropy and Impact Investing

3.4 Market Trends

3.4.1 Shift Towards Sustainable Investments
3.4.2 Increasing Use of Technology in Family Offices
3.4.3 Focus on Succession Planning
3.4.4 Customization of Services for Unique Family Needs

3.5 Government Regulation

3.5.1 Introduction of Family Office Licensing Framework
3.5.2 Tax Incentives for Family Offices
3.5.3 Enhanced Reporting Requirements
3.5.4 Regulations on Cross-Border Investments

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. UAE Family Office Services Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. UAE Family Office Services Market Segmentation

8.1 By Type

8.1.1 Investment Management
8.1.2 Tax Advisory Services
8.1.3 Estate Planning
8.1.4 Philanthropic Advisory
8.1.5 Family Governance
8.1.6 Risk Management
8.1.7 Others

8.2 By End-User

8.2.1 Ultra High Net Worth Individuals (UHNWIs)
8.2.2 High Net Worth Individuals (HNWIs)
8.2.3 Family Businesses
8.2.4 Trusts and Foundations

8.3 By Service Model

8.3.1 Single Family Office
8.3.2 Multi-Family Office
8.3.3 Virtual Family Office

8.4 By Investment Strategy

8.4.1 Direct Investments
8.4.2 Fund Investments
8.4.3 Alternative Investments (e.g., Private Equity, Real Estate)

8.5 By Geographic Focus

8.5.1 Domestic Investments
8.5.2 International Investments

8.6 By Client Engagement

8.6.1 Full-Service Engagement
8.6.2 Advisory-Only Engagement

8.7 By Asset Class

8.7.1 Real Estate
8.7.2 Equities
8.7.3 Fixed Income
8.7.4 Private Equity
8.7.5 Others (e.g., Art & Collectibles, Cryptocurrencies)

9. UAE Family Office Services Market Competitive Analysis

9.1 Market Share of Key Players

9.2 Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Group Size (Large, Medium, or Small as per industry convention)
9.2.3 Revenue Growth Rate
9.2.4 Client Retention Rate
9.2.5 Average Assets Under Management (AUM)
9.2.6 Service Diversification Index
9.2.7 Pricing Strategy
9.2.8 Market Penetration Rate
9.2.9 Customer Satisfaction Score
9.2.10 Operational Efficiency Ratio

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 Abu Dhabi Investment Authority
9.5.2 Dubai Investment Group
9.5.3 Al Habtoor Group
9.5.4 Emirates Investment Authority
9.5.5 Al-Futtaim Group
9.5.6 Majid Al Futtaim Holding
9.5.7 Al Qudra Holding
9.5.8 Al Ghurair Investment
9.5.9 Emaar Properties
9.5.10 Dubai Holding
9.5.11 Abu Dhabi National Oil Company
9.5.12 Sharjah Investment and Development Authority
9.5.13 Gulf Capital
9.5.14 Invest AD
9.5.15 Noor Investment Group

10. UAE Family Office Services Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Ministry of Finance
10.1.2 Ministry of Economy
10.1.3 Ministry of Community Development

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Investment in Sustainable Projects
10.2.2 Funding for Family Office Initiatives
10.2.3 Budget Allocation for Wealth Management

10.3 Pain Point Analysis by End-User Category

10.3.1 Complexity in Wealth Management
10.3.2 Lack of Tailored Services
10.3.3 Regulatory Compliance Issues

10.4 User Readiness for Adoption

10.4.1 Awareness of Family Office Benefits
10.4.2 Willingness to Invest in Services
10.4.3 Readiness for Digital Solutions

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Measurement of Financial Performance
10.5.2 Client Feedback Mechanisms
10.5.3 Opportunities for Service Expansion

11. UAE Family Office Services Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market Gaps Identification

1.2 Value Proposition Development

1.3 Revenue Streams Analysis

1.4 Cost Structure Evaluation

1.5 Key Partnerships Exploration

1.6 Customer Segmentation Insights

1.7 Channels for Delivery


2. Marketing and Positioning Recommendations

2.1 Branding Strategies

2.2 Product USPs


3. Distribution Plan

3.1 Urban Retail vs Rural NGO Tie-ups


4. Channel & Pricing Gaps

4.1 Underserved Routes

4.2 Pricing Bands


5. Unmet Demand & Latent Needs

5.1 Category Gaps

5.2 Consumer Segments


6. Customer Relationship

6.1 Loyalty Programs

6.2 After-sales Service


7. Value Proposition

7.1 Sustainability

7.2 Integrated Supply Chains


8. Key Activities

8.1 Regulatory Compliance

8.2 Branding

8.3 Distribution Setup


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product Mix
9.1.2 Pricing Band
9.1.3 Packaging

9.2 Export Entry Strategy

9.2.1 Target Countries
9.2.2 Compliance Roadmap

10. Entry Mode Assessment

10.1 JV

10.2 Greenfield

10.3 M&A

10.4 Distributor Model


11. Capital and Timeline Estimation

11.1 Capital Requirements

11.2 Timelines


12. Control vs Risk Trade-Off

12.1 Ownership vs Partnerships


13. Profitability Outlook

13.1 Breakeven Analysis

13.2 Long-term Sustainability


14. Potential Partner List

14.1 Distributors

14.2 JVs

14.3 Acquisition Targets


15. Execution Roadmap

15.1 Phased Plan for Market Entry

15.1.1 Market Setup
15.1.2 Market Entry
15.1.3 Growth Acceleration
15.1.4 Scale & Stabilize

15.2 Key Activities and Milestones

15.2.1 Activity Planning
15.2.2 Milestone Tracking

Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of market reports from financial institutions and consultancy firms focusing on family office services in the UAE
  • Review of regulatory frameworks and guidelines from the UAE Central Bank and relevant financial authorities
  • Examination of industry publications, white papers, and case studies on family office trends and best practices

Primary Research

  • In-depth interviews with family office executives and wealth managers operating in the UAE
  • Surveys targeting high-net-worth individuals (HNWIs) to understand their preferences and expectations from family office services
  • Focus group discussions with financial advisors and legal experts specializing in family office structures

Validation & Triangulation

  • Cross-validation of findings through multiple data sources, including financial performance metrics and client satisfaction surveys
  • Triangulation of qualitative insights from interviews with quantitative data from market reports
  • Sanity checks conducted through expert panel reviews comprising industry veterans and academic professionals

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of the total addressable market (TAM) for family office services based on the wealth distribution of HNWIs in the UAE
  • Segmentation of the market by service type, including investment management, estate planning, and tax advisory
  • Incorporation of macroeconomic indicators such as GDP growth and investment trends in the UAE

Bottom-up Modeling

  • Collection of data on service fees and pricing models from leading family offices and wealth management firms
  • Estimation of client acquisition rates and retention metrics based on industry benchmarks
  • Volume x pricing analysis to derive revenue projections for various service offerings

Forecasting & Scenario Analysis

  • Multi-factor regression analysis incorporating variables such as economic growth, regulatory changes, and demographic shifts
  • Scenario planning based on potential market disruptions, including geopolitical factors and changes in tax legislation
  • Development of baseline, optimistic, and pessimistic forecasts for the family office services market through 2030

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Investment Management Services100Family Office Executives, Investment Advisors
Estate Planning and Trust Services70Legal Advisors, Estate Planners
Tax Advisory Services60Tax Consultants, Financial Planners
Philanthropic Advisory Services50Philanthropy Advisors, Family Office Directors
Family Governance and Succession Planning80Family Business Consultants, Governance Experts

Frequently Asked Questions

What is the current value of the UAE Family Office Services Market?

The UAE Family Office Services Market is valued at approximately USD 99 million, reflecting a significant growth driven by the increasing wealth of high-net-worth individuals and families, alongside a rising demand for personalized financial management and investment strategies.

Which cities dominate the UAE Family Office Services Market?

What are the key regulations affecting family offices in the UAE?

What types of services are offered by family offices in the UAE?

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