UAE to witness highest growth in private wealth in the GCC

Over the next five years, private wealth in the UAE is projected to post a compound annual growth rate of 10.7 per cent to reach an estimated $1 trillion (Dh3.67 trillion) in 2019, according to the BCG Global Wealth Report 2015. The study which measures the growth dynamics of global financial wealth of households showed that private wealth in UAE showed solid growth or 8.4 per cent in 2014. Between 2013 and 2014, the amount of wealth held in equities rose by 13.8 per cent across the nation.