Synopsis
This report is a thorough analysis of the UAE's Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.
Scope
• Independent market sizing of the UAE HNWIs across five wealth bands
• HNWI volume and wealth trends from 2009 to 2013
• HNWI volume and wealth forecasts to 2018
• HNWI and UHNWI asset allocations across 13 asset classes
• Number of UHNWIs in each state and all major cities
• Fastest growing cities and states for UHNWIs (2009-2013)
• Insights into the drivers of HNWI wealth
Summary
• This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in the UAE.
• The report focuses on HNWI performance between the end of 2008 (the peak before the global financial crisis) and the end of 2013. This enables us to determine how well the country's HNWIs have performed through the crisis.
Reasons To Buy
• The Challenges and Opportunities for the Wealth Sector in the UAE 2014 is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.
• With the wealth reports as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
• Report includes comprehensive forecasts to 2018.
Key highlights
• The UAE HNWIs held 36.3% of their wealth outside their home country in 2013, equal to US$92.5 billion, which is above the global average of 20-30%.
• WealthInsight expects foreign asset holdings to value US$118.4 billion by 2018, accounting for 34.2% of total HNWI assets. Europe accounted for 32.8% of these foreign assets in 2013. This was followed by the Asia-Pacific with 23.6%, the Middle East with 20.5%, North America with 9.9%, Africa with 9.0%, and South America with 4.2%.
• During the review period, the UAE HNWI allocations to Europe decreased compared with other regions, from 36.7% in 2009 to 32.8% in 2013. The Asia-Pacific and Africa were the emerging regions in terms of global investments.
• WealthInsight expects HNWIs to continue reducing their level of investments in Europe over the forecast period, reaching 30.3% in 2018, with both Africa and the Asia-Pacific being the key drivers for growth.
Table Of Contents
1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Benchmarking the UAE’s Wealth in Context
3.3.1 Distribution of wealth in UAE
3.4 HNWI Volume and Wealth Trends
4 Competitive Landscape of the Wealth Sector
4.1 Competitive Landscape
4.1.1 Domestic Private Banks
4.1.2 Wealth managers
4.1.3 Family offices
4.1.4 Financial advisors
4.2 UAE Wealth Management Industry - Clientele Model and Maturity
4.3 Behavioral Mapping of Wealth Management and Private Banking in the UAE
5 Appendix
5.1 Additional Components of the UAE Wealth Sector
5.1.1 Demand for intergenerational wealth transfer
5.2 Tax Regulations
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
5.4.1 AED to US$ exchange rate
5.4.2 Real GDP growth
5.4.3 Per capita GDP
5.4.4 Domestic market capitalization
5.4.5 Commodity index
5.4.6 Foreign direct investments - inflow and outflow
5.4.7 Inflation
5.4.8 Interest rate
5.4.9 Balance of payments
5.4.10 Government debt
5.4.11 Stock market performance
5.5 Wealth Breakdown
6 About WealthInsight
List Of Tables
Table 1: HNWI Wealth Band and Group Definitions
Table 2: Cities in UAE, 2013
Table 3: Leading Private Banks in UAE by AuM (US$ Million), 2013
Table 4: UAE Wealth Managers, 2013
Table 5: UAE Wealth Managers, 2013
Table 6: AED per US$ Exchange Rate, 2009-2018
Table 7: UAE Real GDP Growth (%), 2009-2018
Table 8: UAE GDP per Capita (US$), 2009-2018
Table 9: UAE Domestic Market Capitalization (US$ Billion), 2009-2013
Table 10: UAE Commodity Indices, 2009-2018
Table 11: UAE Foreign Direct Investments (US$ Billion), 2009-2018
Table 12: UAE Inflation Rate (%), 2009-2018
Table 13: UAE Interest Rate (%), 2009-2018
Table 14: UAE Balance of Payments (US$ Billion), 2009-2013
Table 15: UAE Government Debt as a Percentage of GDP (%), 2009-2018
Table 16: UAE Stock Market Performance, 2009-2013
Table 17: UAE HNWI Wealth vs GDP Ratio (%), 2009-2018
Table 18: UAE - Appendix One
Table 19: UAE - Appendix Two
List Of Figures
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of the UAE
Figure 3: The UAE’s Asset Price Performance, 2009-2013
Figure 4: UAE HNWI Performance, 2009-2018
Figure 5: UAE vs Global HNWIs
Figure 6: UAE Wealth Management Industry - Maturity Level of Operators
Figure 7: UAE Wealth Management Industry - Behavioral Mapping, 2013
Figure 8: AED to US$ Exchange Rate, 2009-2018
Figure 9: UAE Real GDP Growth (%), 2009-2018
Figure 10: UAE GDP per Capita (US$), 2009-2018
Figure 11: UAE Domestic Market Capitalization (US$ Billion), 2009-2013
Figure 12: UAE Commodity Indices, 2009-2018
Figure 13: UAE Foreign Direct Investments (US$ Billion), 2009-2018
Figure 14: UAE Inflation Rate (%), 2009-2018
Figure 15: UAE Interest Rate (%), 2009-2018
Figure 16: UAE Balance of Payments (US$ Billion), 2009-2013
Figure 17: UAE Government Debt as a Percentage of GDP (%), 2009-2018
Figure 18: UAE Stock Market Performance, 2009-2013
Figure 19: UAE HNWI Wealth vs GDP Ratio (%), 2009-2018
Figure 20: UAE HNWIs - Volume by Wealth Band, 2009-2018
Figure 21: UAE HNWIs - Wealth by Wealth Band (US$ Billion), 2009-2018
Figure 22: UAE HNWIs - Wealth per Capita (US$ Million), 2009-2018
