United Arab Emirates HNW trends market: HNWI wealth reaches $182 billion during 2012
High Net worth Trends in the UAE 2013 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-26 10:16:04
There were approximately 48,300 HNWIs in the UAE at the end of 2012. These HNWIs held US$182 billion in wealth which equated to 41% of total individual wealth held in the country.
Local HNWIs slightly underperformed the worldwide HNWI average during the review period. Local HNWI numbers declined by 8% whilst worldwide HNWI volumes declined by 0.3%.
Local wealth was negatively influenced by significant decreases in local equity and local property indices.
In 2012, UAE HNWI numbers rose by 13.9%, following a fall of 1.4% in 2011.
HNWI wealth and volume growth is expected to improve substantially over the forecast period. The total number of local HNWIs is forecast to grow by 43%, to reach over 69,000 in 2017. HNWI wealth will see an even larger percentage increase, growing by 48% to reach US$269 billion in 2017.
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