UAE's financial wealth to reach $1.3 trillion by 2027

Photos

Login / Sign Up

Tuesday, December 3, 2024

Gold / Forex

Photos Business

UAE's financial wealth to reach $1.3 trillion by 2027

In 2022, 25% of the UAE's financial wealth came from Ultra High Net Worth individuals

Published: September 12, 2023 14:54 Anupam Varma, Assistant Editor

1 of 10

Stock - Dubai property / Dubai rent / Dubai apartments / Dubai skyline — The UAE’s financial wealth is anticipated to see a robust compound annual growth rate (CAGR) of 5.5 per cent in new wealth, rising from $1 trillion to $1.3 trillion from 2022 to 2027, according to a new report by Boston Consulting Group (BCG). Image Credit: Bloomberg

2 of 10

ADM 8-1628521425060 — The report, titled ‘Global Wealth Report 2023: Resetting the Course’, reveals that equities and investment funds in the UAE continue to make up the largest asset class at 58% of total personal wealth in 2022, while bonds are expected to grow the fastest with a CAGR of 8.4% during 2022-2027. Image Credit: Gulf News Archives

3 of 10

Stock-Dubai-Skyline — UAE represented 13.2% of the Middle East and Africa's financial wealth in 2022, growing at a rate of 6.5% per annum from 2017 to reach $1 trillion in 2022. Image Credit: Gulf News Archives

4 of 10

ultra-high-net-worth — In 2022, a sizeable portion of the UAE's financial wealth, approximately 25%, originated from Ultra High Net Worth (UHNW) individuals worth more than $100 million each. The influence of these individuals is anticipated to continue to remain consistent until 2027. Image Credit: Shutterstock

5 of 10

STOCK Global wealth — Furthermore, individuals with wealth between $1 million and $20 million held 32% of the UAE's wealth in 2022. This figure is expected to grow to 34% in 2027. Image Credit: Shutterstock

6 of 10

Stock-Abu-Dhabi-Skyline — The report also presents notable findings on the UAE's real assets and liabilities. Real assets in the UAE grew by 7.5% per year from 2017 to 2022, reaching $1.9 trillion, and are projected to increase by 6.9% per annum to $2.6 trillion by 2027. Image Credit: Gulf News Archives

7 of 10

Stock-Bank-Loan — Simultaneously, the UAE's liabilities sector expanded by 3.1% per annum during the same period and is expected to grow by 6.3% per annum to $0.2 trillion by 2027. Image Credit: Shutterstock

8 of 10

9 of 10

Stock - Dubai Economy — On the revenue side, the strategies include scalable client acquisition, distinctive private-market offerings, revising product shelves towards fixed-income products, and incorporating generative artificial intelligence (GenAI) in financial advice. Image Credit: Shutterstock

10 of 10

Latest In

Woods has ‘long way to go’ after latest back surgery

43 minutes ago
Indian expat wins Dh25 million in Big Ticket draw

59 minutes ago
Intel CEO ousted by board frustrated with slow progress

1 hour ago
Philippines star Eala rolls into Al Habtoor 2nd round

1 hour ago
United not yet out of Premier League title race: Arteta

This website stores cookies on your computer. These cookies are used to improve your experience and provide more personalized service to you. Both on your website and other media. To find out more about the cookies and data we use, please check out our Privacy Policy.

Photos Business

Trending