Why Dubai is the new wealth and asset management global hotspot

Money Protects14 Apr, 2023Business

Dubai has emerged as a global hotspot for wealth and asset management due to several factors that have made it an attractive destination for individuals and businesses seeking to grow and manage their wealth. Dubai has become a new global hotspot for wealth and asset management due to its world-class legal and regulatory framework, access to competitive and globally connected markets, and a growing pool of rich clients and funds in the Middle East, Africa, and South Asia (MEASA) region. With over $3tn of private wealth within an hour?s flight, Dubai is home to more than 55,000 high net-worth individuals and has over 300 wealth management firms and 150 funds. Companies such as Edmond de Rothschild Group, Nomura, and HSBC are expanding their presence in the region.