UAE as preferred investment destination by GCC millionaires

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 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, US and India. 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.