GCC millionaires prefer to Invest in UAE

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GCC millionaires prefer to Invest in UAE

GCC millionaires prefer to Invest in UAE

The UAE has emerged as the most preferred investment destination by a majority of the region’s millionaires, beating other high-growth markets, new research reveals. In a study commissioned by Emirates Investment Bank (EIB), nearly a third (28 per cent) of the global investors voted the UAE as the number one place to invest in. China came second on the list, with 21 per cent of the votes, followed by Europe (21 per cent), US (17 per cent) and India (17 per cent).
The survey results were published in EIB’s Wealth Insight Report 2014. The survey, which was conducted between November 2013 and January 2014, gathered the views of HNWIs (high net-worth individuals) with $2 million (Dh7.3 million) or more in investable assets from the UAE, Qatar, Kuwait, Saudi Arabia, Oman and Bahrain.
Industry experts said it is not surprising to see the majority of the wealthy choosing to put their money in the UAE, considering that the country has been outpacing other global economies, thanks to its growing services, retail, tourism, transportation, logistics and real estate sectors.

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