UAE HNWIs Held 36.3% of their Wealth outside Their Home Country in 2013

Date: 2015-08-30

“• 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. 

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