Dubai vs. Abu Dhabi in the race for private capital supremacy

Dubai or Abu Dhabi for private capital? Bloomberg is looking at the “race for supremacy” in the private capital space between Dubai and Abu Dhabi, with one Abu Dhabi-based fund manager describing Dubai as the “gold rush,” with a lot of newcomers looking to cash in on the hype. “Abu Dhabi has the real somebodies,” others say, driven by its significant wealth and discreet financial structures against neighboring Dubai, where “the lure is less about heavyweight wealth and more about lifestyle.”