{"id":104768,"date":"2025-06-19T00:00:00","date_gmt":"2025-06-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/uae-posts-second-fastest-growth-in-mnaires-globally-in-2024\/"},"modified":"2025-06-19T00:00:00","modified_gmt":"2025-06-19T00:00:00","slug":"uae-posts-second-fastest-growth-in-mnaires-globally-in-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/06\/19\/uae-posts-second-fastest-growth-in-mnaires-globally-in-2024\/","title":{"rendered":"UAE posts second-fastest growth in m\u2019naires globally in 2024"},"content":{"rendered":"

The <\/strong>UAE recorded <\/strong>the second-fastest growth in USD m\u2019n<\/strong>aires<\/strong> globally last year<\/strong>, adding 13k new high-net-worth individuals in 2024 \u2014 a 5.8% rise from the previous year, according to UBS\u2019 Global Wealth Report 2025 (pdf)<\/a>. The rate of m\u2019naires arriving in the UAE was outpaced only by Turkey, which saw an 8.4% increase. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

The breakdown:<\/strong> Wealth in the UAE remains heavily concentrated in financial and real estate assets, with 62% held in financial instruments and 48% in property and land, Gulf News<\/a> cites the report as saying. Debt levels remain low at just 9% among investors.<\/p>\n

Bigger picture: <\/strong>The UAE\u2019s total m\u2019naire population now stands at 240.3k, with combined wealth holdings of USD 785 mn. The Emirates ranks second regionally to Saudi Arabia, which saw a 4.8% increase last year, adding 15k m\u2019naires to reach 339k. Like Emiratis, Saudis hold the bulk of their wealth in financial assets (58%) and maintain even lower debt levels at 5.7%.<\/p>\n

The UAE also posted one of the strongest long-term wealth gains globally<\/strong>, with median wealth up more than 23% since 2020, the news outlet cites head of UBS\u2019 Wealth Management Middle East Niels Zilkens as saying. However, real median wealth dipped nearly 3% in 2024, reflecting inflation-adjusted declines.<\/p>\n

Looking ahead<\/strong>, UBS expects both Gulf markets to enter \u201ca pivotal phase of generational transition,\u201d with around USD 122 bn in wealth transfers projected over the coming years, according to Zilkens.<\/p>\n

Globally, private wealth rose 4.6% in 2024<\/strong>, buoyed by equity market gains and a stable USD. The US led the charge, adding over 379k m\u2019naires \u2014 more than 1k per day \u2014 and now accounts for nearly 40% of all m\u2019naires worldwide, Reuters<\/a> reports. UBS forecasts that the US and China will lead continued wealth growth through to 2029.<\/p>\n","protected":false},"excerpt":{"rendered":"

The UAE added 13k m\u2019naires in 2024, up 5.8% y-o-y<\/p>\n","protected":false},"author":1,"featured_media":104769,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1691],"tags":[7,1393],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-104768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-enterpriseam-uae","tag-finance","wpautop","entry"],"acf":{"mongo_id":"9db279c0-a693-4daa-bdfd-e0ea4018164c","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1860.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE posts second-fastest growth in m\u2019naires globally in 2024","related_issue":[104759],"teaser":"The UAE added 13k m\u2019naires in 2024, up 5.8% y-o-y","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.53eefd70-9c83-4601-8e19-1f14d42fdd89.mp3"},"yoast_head":"\nUAE posts second-fastest growth in m\u2019naires globally in 2024 - 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