Dubai Favoured by Managers Setting up in the Middle East

Although it is recognized that much of the wealth is situated in Abu Dhabi rather than Dubai, the hub for fund management is more so in Dubai. Abu Dhabi however, is keen to encourage more to consider locating themselves in the city, citing the calmer lifestyle, less traffic and its appeal to the older generation with families.?

Abu Dhabi and Dubai have many similarities, but managers will need to assess their own business reasons for choosing one over another.?

The regulatory environments are very similar, as are the people and the rule books. The DIFC is regulated by the Dubai Financial Services Authority (DFSA), whose rule book is based on international standards and principles of common law, tailored to the region's unique needs.?

For managers, moving to the region is a long-term expansion play, as opposed to a short-term shift away from other centres.?

Read more on setting up in the Middle East here.?

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