Private wealth in the UAE, which hosts one of the highest densities of the world’s super rich, is projected to record the strongest growth in the GCC with a predicted compound annual growth rate of 7.4 per cent to $0.8 trillion (Dh2.94 trillion) over the next five years.
The private wealth growth in the UAE has outpaced global surge of 5.3 per cent in 2016, to $166.5 trillion, driven primarily by accelerating economic growth and the strong performance of equity markets in many parts of the world, according to the report by The Boston Consulting Group.