Synopsis
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.
Scope
• Independent market sizing of the UAE's HNWIs across five wealth bands
• HNWI volume, wealth and allocation trends from 2010 to 2014
• HNWI volume, wealth and allocation forecasts to 2019
• HNWI and UHNWI asset allocations in 13 asset classes
• Geographical breakdown of all foreign assets
• Alternative breakdown of liquid vs investable assets
• UHNWI populations in major cities
• The number of wealth managers in each city
• City ratings of wealth management saturation and potential
• Details of the development, challenges and opportunities of the wealth management and private banking sector in the UAE.
• The size of the UAE's wealth management industry
• The largest private banks by AuM
• Detailed wealth management and family office information
• Insights into the drivers of HNWI wealth
Summary
• This report reviews the performance and asset allocations of HNWIs and ultra-HNWIs in the UAE.
• It also includes an evaluation of the local wealth management market.
Reasons To Buy
• The UAE Wealth Report 2015 is an unparalleled resource, and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the report comprises a wide variety of data created based on over 125,000 HNWIs from around the world in WealthInsight's database.
• With the wealth reports as the foundation for its research and analysis, WealthInsight is able to obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each country and region covered.
• The report reviews the performance and asset allocations of HNWIs and ultra-HNWIs. The report also includes projections of the volume, wealth and asset allocations of HNWIs to 2019, and a comprehensive background of the local economy.
• The report provides a thorough analysis of the private banking and wealth management sector, the latest merger and acquisition activity, and the opportunities and challenges that the sector faces.
• It also provides detailed information on the HNWI populations in each major city.
Key highlights
• There were 50,595 HNWIs in the UAE in 2014, which held US$263 billion in wealth.
• The UAE HNWI population grew by 4.8% in 2014, following a 7.6% increase in 2013.
• Growth rates for both HNWI wealth and numbers are expected to improve over the forecast period.
• The UAE HNWI population is forecast to grow by 8.6% to reach 57,451 in 2019, while HNWI wealth is projected to grow by 30.7% to reach US$364.1 billion.
Table Of Contents
1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
4 Distribution of Wealth in the UAE
4.1 HNWI Volume and Wealth Trends
5 Findings from the WealthInsight HNWI Database
5.1 Trends in HNWI Wealth to 2019
5.1.1 HNWI trend analysis
5.1.2 Wealth band trends
5.1.3 Demographic breakdown of HNWIs
5.1.4 HNWIs - job titles
5.1.5 HNWIs - industry breakdown
5.1.6 HNWIs - industry performance
5.1.7 HNWIs - breakdown by emirate
5.1.8 HNWIs - emirate population densities
5.2 UHNWIs
5.2.1 UHNWI volume trend analysis
5.2.2 UHNWI wealth trend analysis
5.2.3 Demographic breakdown of UHNWIs
5.2.4 UHNWIs - industry breakdown
5.3 UHNWIs - Billionaires
5.3.1 Billionaire volume trend analysis
5.3.2 Billionaire wealth trend analysis
5.3.3 Billionaire per capita net worth trend analysis
5.3.4 List of billionaires
5.4 UHNWIs - Centimillionaires
5.4.1 Centimillionaire volume trend analysis
5.4.2 Centimillionaire wealth trend analysis
5.4.3 Centimillionaire per capita net worth trend analysis
5.5 UHNWIs - Affluent Millionaires
5.5.1 Affluent millionaire volume trend analysis
5.5.2 Affluent millionaire wealth trend analysis
5.5.3 Affluent millionaire per capita net worth trend analysis
5.6 Core HNWIs
5.6.1 Core HNWI volume trend analysis
5.7 Core HNWIs - Mid-Tier Millionaires
5.7.1 Mid-tier millionaire volume trend analysis
5.7.2 Mid-tier millionaire wealth trend analysis
5.7.3 Mid-tier millionaire per capita net worth trend analysis
5.8 Core HNWIs - Lower-Tier Millionaires
5.8.1 Lower-tier millionaire volume trend analysis
5.8.2 Lower-tier millionaire wealth trend analysis
5.8.3 Lower-tier millionaire per capita net worth trend analysis
6 Analysis of UAE HNWI Investments
6.1 Analysis by Asset Class
6.1.1 Trends in alternative assets
6.1.2 Trends in ‘art, wine and wheels’
6.1.3 Trends of investment in real estate
6.1.4 Trends of investment in cash and deposits
6.1.5 Trends of investment in fixed-income
6.1.6 Investment trends in equity
6.1.7 Investments trends in business interests
6.2 Analysis of Foreign Investments
6.2.1 Investments in Europe
6.2.2 Investments in North America (including the US, Mexico and the Caribbean)
6.2.3 Investments in the Asia-Pacific
6.2.4 Investments in South America
6.2.5 Investments in the Middle East
6.2.6 Investments in Africa
6.3 Alternative Breakdown: Liquid vs. Investable Assets
6.4 Analysis of UAE UHNWI Investments
7 Competitive Landscape
7.1 Additional Components of the Wealth Sector in UAE
7.1.1 Domestic private banks
7.1.2 Foreign private banks
7.1.3 Wealth managers
7.1.4 Family offices
7.1.5 Financial advisors
7.2 Key Drivers
7.2.1 AED to US$ exchange rate
7.2.2 Real GDP growth
7.2.3 Per capita GDP
7.2.4 Domestic market capitalization
7.2.5 Commodity index
7.2.6 Foreign direct investments (FDI) - inflows and outflows
7.2.7 Inflation rate
7.2.8 Interest rate
7.2.9 Balance of payments
7.2.10 Government debt
7.2.11 Stock market performance
7.3 Wealth Breakdowns
8 About WealthInsight
List Of Tables
Table 1: HNWI Wealth Band and Group Definitions
Table 2: UAE HNWIs - Volume Distribution (%), 2014
Table 3: UAE HNWIs - Wealth Distribution Wealth Pyramid (%), 2014
Table 4: UAE HNWIs - Industry Performance (%), 2010-2014
Table 5: UAE HNWIs - Populations by Emirate, 2014
Table 6: UAE HNWIs - Population Densities by Emirate, 2014
Table 7: UAE HNWIs - Sources of Wealth (%), 2014
Table 8: UAE UHNWIs - Gender Performance (%), 2010-2014
Table 9: UAE Billionaires Market Overview (US$) 2010-2019
Table 10: UAE Billionaires - Top Seven (US$), 2014
Table 11: UAE Billionaires - Wealth Growth (US$ and %), 2010?2014
Table 12: UAE Centimillionaires - Market Overview (US$), 2010-2019
Table 13: UAE Affluent Millionaires - Market Overview (US$), 2010-2019
Table 14: UAE Mid-Tier Millionaires - Market Overview (US$), 2010-2019
Table 15: UAE Lower-Tier Millionaires - Market Overview (US$), 2010-2019
Table 16: UAE HNWIs - Asset Allocations (%), 2010-2019
Table 17: UAE HNWIs ? Holdings Growth (%), 2010-2019
Table 18: UAE HNWIs - Alternative Asset Composition (%), 2010-2019
Table 19: UAE HNWIs - Trends of Investments in Alternative Assets (%), 2010-2019
Table 20: UAE Trends in ‘Art, Wine and Wheels’, 2010-2014
Table 21: Global Prime Real Estate Prices per m2 (US$), 2014
Table 22: UAE HNWIs - Foreign Investment Allocations (%), 2010-2019
Table 23: UAE HNWIs - Liquidity Breakdown (US$ Billion), 2010-2019
Table 24: UAE HNWIs - Liquidity Breakdown (%), 2010-2019
Table 25: UAE UHNWIs - Allocations and Share of HNWI Assets (%), 2014
Table 26: AED to US$ Exchange Rate, 2010-2019
Table 27: UAE Real GDP Growth (%), 2010-2019
Table 28: UAE GDP per Capita (US$), 2010-2019
Table 29: UAE Domestic Market Capitalization (US$ Billion), 2010-2014
Table 30: UAE Commodity Indices, 2010-2019
Table 31: UAE Foreign Direct Investments (US$ Billion), 2010-2019
Table 32: UAE Inflation Rate (%), 2010-2019
Table 33: UAE Money Market Rate (%), 2010-2019
Table 34: UAE Balance of Payments (US$ Billion), 2010-2014
Table 35: UAE Government Debt as a Percentage of GDP (%), 2010-2019
Table 36: UAE Stock Market Performance (Index), 2010-2014
Table 37: UAE HNWI Wealth vs GDP Ratio (%), 2010-2019
Table 38: UAE HNWIs - Appendix One
Table 39: UAE HNWIs - Appendix Two
List Of Figures
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of the UAE
Figure 3: UAE Asset Price Performance (%), 2010-2014
Figure 4: UAE HNWI Performance (US$ Billion and HNWI Volume), 2010-2019
Figure 5: UAE vs Global HNWIs (%), 2010-2019
Figure 6: UAE HNWIs - Growth Factor Correlation, 2010-2014
Figure 7: UAE HNWIs - Wealth Pyramid (Volume Distribution), 2014
Figure 8: UAE HNWIs - Wealth Pyramid (Volume Distribution), 2014
Figure 9: UAE HNWIs - Age Distribution (%), 2014
Figure 10: UAE HNWIs - Job Titles (%), 2010-2014
Figure 11: UAE HNWIs - Distribution by Industry (%), 2014
Figure 12: UAE UHNWIs - Wealth Share vs Volume Growth (%), 2010-2014
Figure 13: UAE UHNWIs - Population by Wealth Band, 2010-2019
Figure 14: UAE UHNWIs - Wealth by Wealth Band (US$), 2010-2019
Figure 15: UAE UHNWIs - Age Distribution (%), 2014
Figure 16: UAE UHNWIs - Distribution by Industry (%), 2014
Figure 17: UAE Billionaires - Market Overview (US$), 2010-2019
Figure 18: UAE Centimillionaires - Market Overview (US$), 2010-2019
Figure 19: UAE Affluent Millionaires - Market Overview (US$), 2010-2019
Figure 20: UAE Mid-Tier Millionaires - Market Overview (US$), 2010-2019
Figure 21: UAE Lower-Tier Millionaires - Market Overview (US$), 2010-2019
Figure 22: UAE HNWIs - Asset Class Composition (%), 2010-2019
Figure 23: UAE HNWIs - Trends in Alternative Assets (US$ Billion), 2010-2019
Figure 24: UAE Trends in ‘Art, Wine and Wheels’, 2010-2014
Figure 25: UAE HNWIs - Foreign Investment Allocation and Growth (%), 2014
Figure 26: UAE HNWIs - Global Distribution of Foreign Investments (%), 2010-2019
Figure 27: UAE HNWIs - Liquidity Breakdown (%), 2010-2019
Figure 28: UAE UHNWIs - Asset Class Composition (%), 2010-2019
Figure 29: UAE Exchange Rate - AED to US$, 2010-2019
Figure 30: UAE Real GDP Growth (%), 2010-2019
Figure 31: UAE GDP per Capita (US$), 2010-2019
Figure 32: UAE Domestic Market Capitalization (US$ Billion), 2010-2014
Figure 33: UAE Commodity Indices, 2010-2019
Figure 34: UAE Foreign Direct Investments (US$ Billion), 2010-2019
Figure 35: UAE Inflation Rate (%), 2010-2019
Figure 36: UAE Money Market Rate (%), 2010-2019
Figure 37: UAE Balance of Payments (US$ Billion), 2010-2014
Figure 38: UAE Government Debt as a Percentage of GDP (%), 2010-2019
Figure 39: UAE Stock Market Performance (Index), 2010-2014
Figure 40: UAE HNWI Wealth vs GDP Ratio (%), 2010-2019
Figure 41: UAE HNWIs - Volume by Wealth Band, 2010-2019
Figure 42: UAE HNWIs - Wealth by Wealth Band (US$ Billion), 2010-2019
Figure 43: UAE HNWIs - Wealth per Capita (US$ Million), 2010-2019
