High-net-worth insurer Transamerica Life Bermuda eyes Dubai expansion after securing DIFC licence
UHNWI
Latest in UHNWI
Artificial intelligence
New UAE tax rule; Dubai announces stormwater infrastructure; UAE approves AI law plan; Mall of the Emirates set for $1.3bn upgrade – 10 things you missed this week
UAE tax rules, Dubai storm infrastructure, AI to create laws, real estate buying tips and more top news stories this week
HNWI
Dubai and Abu Dhabi named world’s best cities for HNWI relocations thanks to tax rules and quality of life
Dubai and Abu Dhabi top global ranking of places to relocate for high-net-worth-individuals
Luxe Developers
UAE real estate: Luxe Developers targets UNHWI investors with spas, co-working hubs, yoga studios and 300,000sq ft of landscaping at $627m RAK project
A UAE real estate developer is wooing wealthy investors with wellbeing-friendly amenities at a Ras Al Khaimah property project
DIFC
Dubai hedge fund boom lifts UAE economy as region’s rich look to invest
Dubai International Financial Centre authorised 10 new hedge funds last year as rising millionaire population want to invest cash and grow wealth
DIFC
DIFC: Santander opens private banking office in Dubai as it targets share of $8tn private wealth in region
Santander Private Banking opens private wealth office in Dubai International Financial Centre
Abu Dhabi
New Dubai ‘super tower’ plan; UAE Royal launches perfume; Major RTA bridge update; $8.2bn Abu Dhabi developments – 10 things you missed this week
Major Dubai bridge updates, Real estate analysis, UAE royal perfume, super tower plans and more top stories this week
centi-millionaire
The rise of the Gulf centi-millionaires: Dubai, Abu Dhabi and Riyadh set for massive increase in number of people with $100m in the bank
Gulf cities including Dubai, Abu Dhabi and Riyadh are attracting growing numbers of centi-millionaires with welcoming investor migration schemes and transparent business practices
Companies in DIFC
India’s Nuvama Private launches wealth management base in Dubai
Nuvama Private targets wealthy Indian investors with Dubai International Financial Centre office
High Net Worth Individuals
UAE real estate market to reach highs of AED2.6 trillion by 2024: Report
The extended growth is attributed to the interest of HNWIs, specifically their demand for luxury property investment in the city
Billionaire
DIFC: Dubai home to over 120 of world’s wealthiest families, 206 centi-millionaires and 15 billionaires
DIFC home to more than 120 families and individuals with net worth over $1tn in Dubai
Aviation
UAE rains bring Dubai to standstill; Saudi Arabia announces new visa rules; Eid holiday dates revealed; Real estate analysis- 10 things you missed this week
UAE rains bring Dubai to standstill, new Saudi visa rules, Eid Al Adha expected dates, real estate analysis and more of the biggest news stories this week
credit card
Emirates NBD announces premium credit card for the rich, offers free golf, beach club and spa access
Emirates NBD introduces premium credit card service for account holders with balance above $136,000
HNWI
New Saudi real estate visa a massive boost for investors; ultra-rich eye $2bn opportunity with high returns
Knight Frank Destination Saudi report identifies real estate opportunities for high net worth investors in the Kingdom
Abu Dhabi
UAE National Day rules; Saudi visa exemptions; New petrol prices; Riyadh to host Expo 2030; Dubai plans ‘Vegas Island’ – 10 things you missed this week
UAE National Day 2023, Saudi visa rules, petrol prices fall, Riyadh wins Expo 2030 bid, Dubai plans Vegas-style island and more top news stories this week
billionaire in uae
New ‘Billionaire’ credit card launches for ultra-rich: Full benefits revealed
The card is strictly for high-net-worth and ultra-high-net-worth individuals upon careful selection by the team
Billionaire
Dubai home to 210 centi-millionaires and 15 billionaires – expect more ultra-rich residents to come in next decade
Dubai will see a massive increase in the number of people with more than $100m in assets in the next 10 years