UAE wealth set to hit $6 trillion in 2030 despite short-term war volatility
Net wealth in the UAE is set to jump to $6 trillion by the end of this decade despite the short-term volatility caused by conflict in the Middle East , a new report has found. In the five years to the end of 2030, net wealth in the Emirates is set to increase by more than $2.3 trillion, at annual growth of 10.6 per cent, the report by global advisory firm Boston Consulting Group said. The sharp…
The UAE's wealth is projected to soar to a staggering $6 trillion by 2030, according to a new report from global advisory firm Boston Consulting Group (BCG). Despite the short-term economic volatility caused by the ongoing Iran war, the Emirates is on track for an impressive annual growth rate of 10.6 percent over the next five years. The report predicts a substantial increase in net wealth, driven by a surge in both real assets and financial wealth.
Last year alone, the UAE's net wealth grew by nearly 13 percent to reach $3.6 trillion. Real assets, including property portfolios, grew from $2.2 trillion to $2.4 trillion, while financial wealth expanded from $1.2 trillion to $1.4 trillion. However, liabilities are expected to rise from $210 billion to $340 billion by 2030.
BCG managing director and partner Lukasz Rey attributes the projected growth to sovereign wealth strength, economic diversification initiatives, family-business liquidity events, and private capital activity. Despite the current geopolitical uncertainty, the report suggests that wealth managers should remain cautious in the short term, but the region's wealth development story remains resilient over the long term.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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