Dubai will see a massive increase in the number of people with more than $100m in assets in the next 10 years
UHNWI
Emirates NBD
UAE bank launches new services for wealthy customers with $2m balance
UAE’s Emirates NBD announces offers targeting ultra-wealthy customers
Dubai
Dubai announces helipark for super-rich VIPs to store their helicopters in
Dubai is building a VIP private helicopter park for ultra-rich visitors and residents in the city
Dubai
Dubai real estate transactions continue upward momentum as ultra-prime home sales soar to new record
During 2021 overall, Dubai’s residential market recorded more than 52,000 apartment and villa real estate transactions, totalling $31 billion (AED 114.2 billion), which was more than the total for 2019 and 2020 combined
Chris Boswell Dubai
Why $50m Palm Jumeirah sales record could be beaten in near future
‘Eighth Wonder of the World’ celebrates 20 years this year, and popularity among investors is as strong as ever
Barclays
Barclays to cut 20% of jobs in Dubai wealth management unit
Sources say layoffs will include senior positions and support staff within the Dubai division that employs about 100 people
Berlin
Why real estate remains at heart of Gulf’s wealth generation
Knight Frank says Gulf-based UHNWIs have intensified their appetite for global geographic diversification in real estate portfolios
billionaires
Growth of UAE, Saudi billionaires set to stall to 2023
No new billionaires are expected to be created in the UAE and Saudi Arabia over the next four years
Abu Dhabi
Number of ultra-rich in Middle East to rise 20% in five years
Knight Frank revealed that $1 million buys 143 square metres in Dubai, compared to 31 sq m in New York and London and just 16 sq m in Monaco
Dubai property
Video: Where are the ultra wealthy looking for property in the UAE?
The number of billionaires living in the UAE is forecast to increase significantly by 2027.
Downtown Dubai
Developer eyes more ultra-luxury projects in Dubai, wider UAE
Bosses at Signature Developers say the penthouse concept remains in short supply in the UAE
billionaires
UAE forecast to be home to 20 billionaires by 2027
New World Wealth says seven new billionaires will be created in the country compared to 2017
HNWI
Middle East’s ultra wealthy own average of four homes
New data from Knight Frank shows that the region’s UHNWIs are ahead of the rest of the world when it comes to home ownership
Abu Dhabi
Number of uItra-wealthy in Dubai to grow 60% by 2026
Dubai remains relatively affordable when compared to global cities