Reported 11 months ago
Dubai and Abu Dhabi are vying for supremacy in the family offices sector, with Dubai known for its lifestyle appeal and transient wealth, while Abu Dhabi boasts heavyweight real wealth, attracting investors from around the world. Both cities offer incentives for wealthy families to set up offices, with Dubai focusing on attraction through lifestyle and events, and Abu Dhabi providing a discreet and tax-efficient environment for significant capital. Despite challenges like staffing and cultural differences, the race between the two cities highlights the UAE's status as a hub for global wealth.
Source: YAHOO