Family Offices in Dubai Surpass $1 Trillion in Managed Assets

Reported 1 day ago

Dubai has become a major financial hub, now housing family offices that manage over $1 trillion in assets, propelled by an influx of high-net-worth individuals. The Dubai International Financial Centre (DIFC) hosts over 120 family entities and is seeing a significant rise in firms and employment since 2019. The region is poised to attract more millionaires, leading to a surge in hedge fund activities, making Dubai one of the top ten global locations for such operations.

Source: YAHOO

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