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HNWI Asset Allocation in the UAE 2013

United Arab Emirates HNWI asset allocation market: Real estate the largest asset class in 2012


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2014-03-26 10:13:02 - HNWI Asset Allocation in the UAE 2013 - a new market research report on companiesandmarkets.com

At the end of 2012, real estate was the largest asset class for HNWIs in the UAE, accounting for 23.2% of total HNWI assets. This was followed by cash with 20.7% equities with 20.4%, business interests with 20.0%, alternatives with 12.0% and fixed income products with 3.8%.

Cash products recorded the strongest growth over the review period, driven by a movement to safer assets during the financial crisis.

Over the forecast period, equities are expected to be the top-performing asset class for HNWIs, followed by business interest and then real estate. Cash will be the worst performing asset class. As a result, there will be a movement away from cash and towards equities.

Collectables accounted for 1.2% of the total assets of

 

 

local HNWIs at the end of 2012. This amounts to US$2.1 billion in HNWI assets. This includes US$360 million worth of fine art.

At the end of 2012, 29% of UAE HNWIs had second homes abroad. The largest destination for these homes was London.

At the end of 2012, HNWI liquid assets amounted to US$49 billion, representing 26.9% of the wealth holdings of local HNWIs.

Investment funds (held by asset managers and wealth managers) accounted for US$50 billion of HNWI assets in 2012, equating to 27.3% of HNWI wealth in 2012.

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