Wealth Management

Why wealth managers are flocking to Dubai

Top executives are following the wave of high net worth investor cash set to turn the United Arab Emirates into a $1.5tn market by 2028

The United Arab Emirates is enjoying a renaissance amid a mass migration of wealthy entrepreneurs drawn by the region’s tax-friendly regime and progressive business policies
The United Arab Emirates is enjoying a renaissance amid a mass migration of wealthy entrepreneurs drawn by the region’s tax-friendly regime and progressive business policies Photo: NAPA/Alamy

Daniel George relocated to Dubai from the UK 16 months ago to help St James’s Place kick off its first office in the Middle East. 

The UK’s largest wealth manager is located in an eight-storey building inside the Dubai International Financial Centre’s Gate District — a complex of finance and fintech firms, restaurants, retailers, gyms, and luxury hotels.

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