Challenges and Opportunities for the Wealth Sector in the UAE 2013

Published: Oct, 2013 | Pages: 52 | Publisher: WealthInsight
Industry: Wealth Management | Report Format: Electronic (PDF)


Synopsis
 This report is the result of WealthInsight's extensive research covering the high net worth individual (HNWI) population and wealth management market in the UAE.
 The report focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2012. This enables us to determine how well the country's HNWIs have performed through the crisis.
Summary
This report is a thorough analysis of UAE's Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.
Scope
 Independent market sizing of the UAE HNWIs across five wealth bands
 HNWI volume and wealth trends from 2008 to 2012
 HNWI volume and wealth forecasts to 2017
 HNWI and UHNWI asset allocations across 13 asset classes 
 Number of UHNWIs in each state and all major cities
 Fastest growing cities and states for UHNWIs (2008-2012)
 Insights into the drivers of HNWI wealth
Reason To Buy
 The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.
 The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market.
 With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
 Report includes comprehensive forecasts to 2017.
Key Highlights
 At the end of 2012, there were just over 47,700 core millionaires in the UAE, with a combined wealth of US$126 billion and an average wealth of US$2.6 million. 
 During the review period, the number of core HNWIs decreased by 8% from approximately 51,900 in 2007 to 47,700 in 2012.
 According to WealthInsight's projections, the number of core HNWIs in the UAE will grow by 43% over the forecast period to reach over 68,100 by 2017.

 1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Benchmarking the UAE Wealth in Context
3.3.1 World statistics
3.3.2 Distribution of wealth in the UAE
3.4 HNWI Volume and Wealth Trends
4 Competitive Landscape of the Wealth Sector
4.1 Competitive Landscape
4.1.1 Private Banks
4.1.2 Wealth managers
4.1.3 Family Offices
4.1.4 Financial Advisors
4.2 Recent developments
4.3 Wealth Management Industry - Clientele Model and Maturity
4.4 Behavioral Mapping of Wealth Management and Private Banking Industry in the UAE
4.5 Pension Fund Industry
4.6 Middle Eastern Private Banking
5 Appendix
5.1 Property Regulations
5.2 Regulations on Taxes
5.3 Economic Indicators
5.3.1 LC to US$ exchange rate
5.3.2 Real GDP growth
5.3.3 Per capita GDP
5.3.4 Domestic market capitalization
5.3.5 Commodity index
5.3.6 Inflation rate
5.3.7 Interest rate
5.3.8 Balance of payments
5.3.9 Stock market performance
5.4 Wealth Breakdowns
6 About WealthInsight

Table 1: HNWI Wealth Band and Group Definitions
Table 2: The UAE: Emirates by population, 2012
Table 3: The UAE: Major Private Banks ranked by local AuM (US$ Billion), 2012
Table 4: The UAE: The UAE: Local Private Banks, 2012
Table 5: The UAE: The UAE: Foreign Private Banks with offices in the UAE, 2012
Table 6: The UAE: Wealth Managers, 2012
Table 7: The UAE: Wealth Managers per Emirate, 2012
Table 8: The UAE: Family Offices, 2012
Table 9: The UAE: Financial Advisors, 2012
Table 10: Middle East: Major Private Banks based outside the UAE (US$ Billion), 2012
Table 11: The UAE: LC to US$ Exchange Rate, 2007-2017
Table 12: The UAE: Real GDP Growth (%), 2007-2017
Table 13: The UAE: GDP Per Capita, 2007-2017
Table 14: The UAE: Domestic Market Capitalization (US$ Billion), 2007-2012
Table 15: Global: Commodity Indices, 2007-2017
Table 16: The UAE: Inflation Rate, 2007-2017
Table 17: The UAE: Benchmark Interest Rate, 2007-2017
Table 18: The UAE: Balance of Payments (US$ Billion), 2007-2012
Table 19: The UAE: Stock Market Performance, 2007-2012
Table 20: The UAE: HNWI Wealth vs GDP Ratio (%), 2007-2017
Table 21: The UAE: Appendix 1
Table 22: The UAE: Appendix 2