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HNWI travellers driving Mideast luxury hotel boom, says expertThe global luxury hospitality sector is experiencing significant growth, driven by an influx of affluent travellers seeking exclusive personalized experiences. This is particularly true in the Middle East, a region with ambitious projects attr More… |
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Luxury Hotel Boom: Key drivers shaping the global trendThe global luxury hospitality sector is experiencing significant growth, driven by an influx of affluent travellers seeking exclusive personalized experiences. This is particularly true in the Middle East, a region with ambitious projects attr More… |
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33pc of GCC HNWIs invest in UK real estate last 12 monthsSome 33% of GCC High Net Worth Individuals (HNWI) invested in UK’s real estate in the last 12 months, said Select Property, a leading UK-based property developer and investment partner. Moreover, Middle E More… |
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Nomura launches wealth management business in DubaiNomura, a global financial services group, has expanded its International Wealth Management business with new premises in Dubai International Financial Centre (DIFC). Nomura announced last year that it wo More… |
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Global HNWIs ready to spend $2.8m on Abu Dhabi real estateGlobal high-net-worth individuals (HNWI) are ready to spend $2.8 million in the real estate of Abu Dhabi, which has transformed itself into a global tourist and investment hotspot, repositioning itself over the last More… |
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HNWIs fuel Dubai real estate; market to hit $81.6bnA 62% increase in the number of high-net-worth individuals (HNWIs) living in Dubai from 2012 to 2022 has placed the city’s real estate market on a trajectory to achieve AED300 billion ($81.69 billion) in sales this year, Unique Propertie More… |
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Dubai has 67,900 millionaires says reportThe total number of high net worth individuals (HNWI) -- people with a wealth of $1 million or more -- is about 67,900 in Dubai as of June 2022, says a report. Strategy consultancy Webster Pacific h More… |
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Most Mideast HNWIs ‘lack succession plan for family business’A majority of high-net-worth individuals (HNWIs) in the Middle East are aware of the importance of effective succession planning, but do not have a wealth succession plan in place for their family businesses, a report said. Given More… |
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$500bn super city Neom tops Saudi home buyers' wish-listSaudi Arabia’s $500 billion super-city Neom, which aims to be the world’s most innovative, sustainable and technologically advanced when completed, has been named as the most preferred location to buy a home by the kingdom’s More… |
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Savers in UAE ‘can expect $864,000 retirement wealth’The average wealth expectancy of those in the UAE with enough disposable income to save and invest is $864,000, or $391,000 for the emerging affluent, $922,000 for the affluent and $1,278,000 for HNWIs, said Standard Chartered in a new report. More… |
