Friday, 20th November 2009

 

6 November 2009 - Press Briefing

UBS predicts 11% rise in number of HNW UAE nationals

The number high net worth individuals, having minimum liquid assets worth SFr2m (€1.3m), in the UAE is likely to rise by 11% next year compared to a nearly 9% increase for the rest of the Middle East, UBS has forecast, according to a report in Emirates Business.

However, Scorpio Partnership estimated a more conservative growth rate of 9% for the UAE in terms of long-term HNWI growth.

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