Dubai named fifth most important hub in Knight Frank's wealth report

By Bizclik Editor

Dubai has been named as the fifth most important hub for wealthy individuals, according to a survey of UHNWIs (ultra-high net worth individuals).

Dubai rose from eighth place in 2015, outperforming Shanghai, Paris and Sydney. These insights formed part of the 2016 edition of the Knight Frank Wealth Report, which examines and analyses the performance of prime property markets, global wealth distribution and the attitudes of wealthy individuals towards property.

"Over the last decade, Dubai’s economy has evolved significantly on the back of modern infrastructure and business-friendly regulations," said Dana Salbak, Head of MENA Research at Knight Frank

"The continued commitment to diversify Dubai’s economy and develop its infrastructure and logistics sector, (through investments in Emirates Airlines, Dubai Airports and Ports), in addition to enhancing the city’s tourism offerings (with the delivery of various theme parks) has increased Dubai’s global appeal," added Salbak. 

Follow @BusinessRevME

Check out the April 2016 issue of Business Review Middle East

Share

Featured Articles

Middle East GDP hike of 57% if more women join workforce

By tapping into the potential of next-generation female workers, the MENA region could unlock new economic opportunities, up to US$2 trillion, reports PwC

Dialight supplies LED solutions for industrial safety

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, AI, cloud, cyber speakers at TECH LIVE LONDON

TECH LIVE LONDON events sees technology leaders from IBM, Oracle, Vodafone, JP Morgan, Accenture and the US Space Force among the inspirational speakers

Cyber LIVE adds Vodafone head of cyber Kawalec to line-up

Leadership & Strategy

Musk’s multibillion hostile Twitter takeover – the timeline

Leadership & Strategy

Sustainable moves businesses can make to win customers, IBM

Sustainability