What's at Stake this week? | October 13, 2024
??Market Watch: The UAE
Dubai set for 150% increase in millionaires by 2040 – Here’s why investors are all in
The UAE’s real estate sector has once again earned global recognition, with Dubai and Abu Dhabi ranking among the top 5 most improved in transparency worldwide, according to JLL’s 2024 Global Real Estate Transparency Index (GRETI).
This real estate sector has long been one of the most sought-after among ultra-high-net-worth individuals (UHNWIs).?
Cities like Dubai and Abu Dhabi are experiencing a notable increase in centi-millionaires, with Dubai’s population of these affluent investors projected to rise by 150% by 2040.
Many ultra-high-net-worth individuals (UHNWIs) from countries facing economic or political instability are drawn to the UAE for the following factors:
Looking ahead, the UAE Central Bank forecasts a 6.2% GDP increase in 2025, with real estate continuing to drive economic growth.?
Ultimately, initiatives like the UAE Golden Visa further reinforce the country’s status as a leading investment hub.?
*The Global Real Estate Transparency Index (GRETI) by JLL is a benchmark report that ranks cities and countries based on the transparency of their real estate markets
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