News DeskDubai, UAE – The United Arab Emirates (UAE) is solidifying its position as a premier global financial hub, drawing the world’s wealthiest investors, according to Ben Laidler, Global Markets Strategist at eToro. This trend is highlighted in the Henley Private Wealth Migration Report 2024, which underscores the UAE’s increasing allure for high-net-worth individuals.
Laidler attributes this growing attraction to the UAE’s advantageous business environment, characterized by ease of operations, low taxation, and a strategic geographical position along major global trade routes and time zones. These factors collectively enhance the UAE’s appeal for inward investment and foster a sophisticated investment landscape.
The UAE’s financial ecosystem is further bolstered by its young, digitally adept investor base. These investors have been quick to capitalize on high-performing tech stocks and the burgeoning artificial intelligence (AI) sector. eToro’s data reveals that 71% of UAE investors currently hold AI-related stocks, with major companies like Tesla, Apple, Amazon, and NVIDIA being the most popular choices.
In addition to tech investments, the UAE has embraced cryptocurrency, the latest and most lucrative asset class globally. With a progressive regulatory approach, the country has attracted a significant number of crypto investors. A substantial 74% of UAE retail investors hold crypto assets, showcasing the region’s forward-thinking stance and its appeal to sophisticated investors.
“The UAE’s growing role as a global financial center will only be boosted by its ability to keep attracting the world’s wealthiest millionaire investors,” said Laidler. “This dynamic not only enhances the local investment landscape but also positions the UAE as a pivotal player in the global financial markets.”
As the UAE continues to draw affluent investors and pioneer in emerging investment trends, it cements its reputation as a dynamic and influential global financial center.
