Europe Accounted for 29.6% of UAE HNWIs’ Foreign Assets in 2014

Date: 2015-08-24

“• UAE HNWIs held 36% (US$95 billion) of their wealth outside their home country in 2014, while the worldwide average is 20–30%. 

• Foreign asset holdings are expected to increase to US$129.8 billion by 2019, accounting for 35.7% of the country’s total HNWI assets.

• Europe accounted for 29.6% of UAE HNWIs’ foreign assets in 2014. It was followed by Asia-Pacific with 26.6%, the Middle East with 19.1%, Africa with 11.0%, North America with 8.9% and Latin America with 4.7%.

• UAE HNWI allocations to Europe decreased sharply compared with other regions during the review period, falling from 34.7% in 2010 to 29.6% in 2014. 

• WealthInsight expects HNWIs to reduce levels of investment in Europe over the forecast period, to reach 26.5% of foreign HNWI assets by 2019, with investments decreasing due to growing confidence in Asian economies.”

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