Charles Park Family Office partners with AES to serve Dubai’s UHNW families

Charles Park Family Office is coming to Dubai: UK-based family office consulting firm Charles Park Family Office partnered with Dubai-based financial advisor AES International to roll out a Dubai office, according to a press release. The venture will support ultra-high-net-worth (UHNW) families relocating to the emirate, as well as help regional families looking for support on generational transition.

IN CONTEXT- The new regional base targets the UAE’s rapidly growing UHNW population, numbering nearly 1.3k families in the UAE with a combined wealth of USD 1 tn, the statement read, citing the Knight Frank Wealth Report 2025. The Middle East family office sector is projected to reach USD 500 bn by 2030. The UK, in particular, is seeing an exodus of high-net-worth individuals on the back of economic stagnation and tax reforms, with many of them headed to the UAE.

Dubai to expand Warsan waste-to-energy center

Dubai will launch the second phase of its Al Warsan waste-to-energy project later this year, increasing the facility’s capacity to process municipal solid waste and generate electricity, Zawya reports, citing a Dubai Supreme Council of Energy statement. The 2 mn tonnes per annum plant, operated by Warsan Waste Management Company under a 35-year public-private partnership, currently converts up to 6k tonnes of waste daily into 220 MW of electrical power, enough for roughly 135k homes.

BACKGROUND- During COP28, state-backed renewables giant Masdar inked an MoU with Dubai Municipality to develop a carbon capture plant at Al Warsan facility, using emissions from the waste-to-energy plant operations to produce renewable fuels.

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