UAE aims to attract family offices to boost stature as wealth hub
To:
Al-Monitor subscribers
From:
Sebastian Castelier
Journalist covering Gulf economies
Date:
Sept. 10, 2024
Bottom Line:
In its quest to become one of the top global financial centers, the United Arab Emirates is incentivizing international family offices and the high-net-worth individuals they represent to set up shops in its financial centers. The country has attracted the world’s largest net inflow of millionaires since 2022, bringing its millionaire population to 116,500.
