Synopsis
This report provides projections of the volume and wealth of the UAE HNWIs. This includes demographic trends (2009-2013) and findings of the proprietary Wealth Insight HNWI Database.
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 High Net Worth trends in the UAE 2014 Database 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
• There were 625 UHNWIs in the UAE in 2013. These had an average wealth of US$160.7 million, making them a prime target group for wealth sector professionals. Of this total, there were 15 billionaires, 84 centimillionaires and 526 affluent millionaires.
• UHNWIs accounted for 1.3% of the total the UAE HNWI population in 2013; far higher than the global average of 0.7%. The number of UHNWIs in the UAE increased by 32.4% during the review period, rising from 472 in 2009 to 625 in 2013.
• While the number of billionaires increased by 66.7%, the number of centimillionaires and affluent millionaires increased by 29.2% and 32.2% respectively.
• WealthInsight expects the number of UHNWIs to increase by 12.0%, to reach 737 in 2018. This will include 19 billionaires, 99 centimillionaires and 619 affluent millionaires.
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 Findings from the WealthInsight HNWI Database
4.1 Trends in HNWI Wealth to 2018
4.1.1 HNWI trend analysis
4.1.2 Wealth band trends
4.1.3 Demographic breakdown of HNWIs
4.1.4 HNWIs - job titles
4.1.5 HNWIs - industry breakdown
4.1.6 HNWIs - industry performance
4.1.7 HNWIs - breakdown by emirate
4.1.8 HNWIs - emirate population densities
4.2 UHNWIs
4.2.1 UHNWI volume trend analysis
4.2.2 UHNWI wealth trend analysis
4.2.3 Demographic breakdown of UHNWIs
4.2.4 UHNWIs - industry breakdown
4.3 UHNWIs - Billionaires
4.3.1 Billionaire volume trend analysis
4.3.2 Billionaire wealth trend analysis
4.3.3 Billionaire per capita net worth trend analysis
4.3.4 List of billionaires
4.4 UHNWIs - Centimillionaires
4.4.1 Centimillionaire volume trend analysis
4.4.2 Centimillionaire wealth trend analysis
4.4.3 Centimillionaire per capita net worth trend analysis
4.5 UHNWIs - Affluent Millionaires
4.5.1 Affluent millionaire volume trend analysis
4.5.2 Affluent millionaire wealth trend analysis
4.5.3 Affluent millionaire per capita net worth trend analysis
4.6 Core HNWIs
4.6.1 Core HNWI volume trend analysis
4.7 Core HNWIs - Mid-Tier Millionaires
4.7.1 Mid-tier millionaire volume trend analysis
4.7.2 Mid-tier millionaire wealth trend analysis
4.7.3 Mid-tier millionaire per capita net worth trend analysis
4.8 Core HNWIs - Lower-Tier Millionaires
4.8.1 Lower-tier millionaire volume trend analysis
4.8.2 Lower-tier millionaire wealth trend analysis
4.8.3 Lower-tier millionaire per capita net worth trend analysis
5 Appendix
5.1 Tax Regulations
5.2 Key Drivers
5.2.1 AED to US$ exchange rate
5.2.2 Real GDP growth
5.2.3 Per capita GDP
5.2.4 Domestic market capitalization
5.2.5 Commodity index
5.2.6 Foreign direct investments - inflow and outflow
5.2.7 Inflation
5.2.8 Interest rate
5.2.9 Balance of payments
5.2.10 Government debt
5.2.11 Stock market performance
5.3 Wealth Breakdown
6 About WealthInsight
List Of Tables
Table 1: HNWI Wealth Band and Group Definitions
Table 2: Cities in UAE, 2013
Table 3: UAE HNWIs - Volume Distribution (%), 2013
Table 4: UAE HNWIs - Wealth Distribution (%), 2013
Table 5: UAE HNWIs - Industry Performance, 2009-2013
Table 6: UAE HNWIs - Emirates, 2013
Table 7: UAE HNWIs - Population Density in Emirates, 2013
Table 8: UAE UHNWIs - Gender Performance, 2009-2013
Table 9: UAE UHNWIs - Sources of Wealth (%), 2013
Table 10: UAE Billionaires - Market Overview (US$ Billion), 2009-2018
Table 11: Top Six UAE Billionaires (US$ Billion), 2013
Table 12: UAE Billionaire Wealth Growth, 2009?2013
Table 13: UAE Centimillionaires - Market Overview, 2009-2018
Table 14: UAE Affluent Millionaires - Market Overview, 2009-2018
Table 15: UAE Mid-Tier Millionaires - Market Overview, 2009-2018
Table 16: UAE Lower-Tier Millionaires - Market Overview, 2009-2018
Table 17: AED per US$ Exchange Rate, 2009-2018
Table 18: UAE Real GDP Growth (%), 2009-2018
Table 19: UAE GDP per Capita (US$), 2009-2018
Table 20: UAE Domestic Market Capitalization (US$ Billion), 2009-2013
Table 21: UAE Commodity Indices, 2009-2018
Table 22: UAE Foreign Direct Investments (US$ Billion), 2009-2018
Table 23: UAE Inflation Rate (%), 2009-2018
Table 24: UAE Interest Rate (%), 2009-2018
Table 25: UAE Balance of Payments (US$ Billion), 2009-2013
Table 26: UAE Government Debt as a Percentage of GDP (%), 2009-2018
Table 27: UAE Stock Market Performance, 2009-2013
Table 28: UAE HNWI Wealth vs GDP Ratio (%), 2009-2018
Table 29: UAE - Appendix One
Table 30: 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 HNWIs - Growth Factor Correlation, 2009-2013
Figure 7: UAE HNWIs - Volume Distribution Wealth Pyramid, 2013
Figure 8: UAE HNWIs - Wealth Distribution Wealth Pyramid (%), 2013
Figure 9: UAE HNWIs - Age Distribution (%), 2013
Figure 10: UAE HNWIs - Job Titles, 2009-2013
Figure 11: UAE HNWIs - Distribution by Industry (%), 2013
Figure 12: UAE UHNWIs - Wealth Share vs Volume Growth (%), 2009-2013
Figure 13: UAE UHNWIs - Volume by Wealth Band, 2009-2018
Figure 14: UAE UHNWIs - Wealth by Wealth Band (US$ Billion), 2009-2018
Figure 15: UAE UHNWIs - Age Distribution (Percentage Share), 2013
Figure 16: UAE UHNWIs - Distribution by Industry (%), 2013
Figure 17: UAE Billionaires - Market Overview, 2009-2018
Figure 18: UAE Centimillionaires - Market Overview, 2009-2018
Figure 19: UAE Affluent Millionaires - Market Overview, 2009-2018
Figure 20: UAE Mid-Tier Millionaires - Market Overview, 2009-2018
Figure 21: UAE Lower-Tier Millionaires - Market Overview, 2009-2018
Figure 22: AED to US$ Exchange Rate, 2009-2018
Figure 23: UAE Real GDP Growth (%), 2009-2018
Figure 24: UAE GDP per Capita (US$), 2009-2018
Figure 25: UAE Domestic Market Capitalization (US$ Billion), 2009-2013
Figure 26: UAE Commodity Indices, 2009-2018
Figure 27: UAE Foreign Direct Investments (US$ Billion), 2009-2018
Figure 28: UAE Inflation Rate (%), 2009-2018
Figure 29: UAE Interest Rate (%), 2009-2018
Figure 30: UAE Balance of Payments (US$ Billion), 2009-2013
Figure 31: UAE Government Debt as a Percentage of GDP (%), 2009-2018
Figure 32: UAE Stock Market Performance, 2009-2013
Figure 33: UAE HNWI Wealth vs GDP Ratio (%), 2009-2018
Figure 34: UAE HNWIs - Volume by Wealth Band, 2009-2018
Figure 35: UAE HNWIs - Wealth by Wealth Band (US$ Billion), 2009-2018
Figure 36: UAE HNWIs - Wealth per Capita (US$ Million), 2009-2018
