UAE’s private wealth to hit USD1t by 2019
17 Jun 2015
(MENAFN) Private wealth in the United Arab Emirates is forecast to accumulate to about USD1 trillion over the upcoming five years, according to a report issued by the BCG Global Wealth Report 2015, Gulf News reported.
The forecast comes from a well-founded financial study over past years. In 2014, for instance, the private wealth in the UAE recorded a sturdy 8.4 percent growth. Between 2013 and 2014, private wealth equities increased by 13.8 percent.
Hence, the private wealth sector stands firmly to post further growth, specifically, growth of about 43 percent in cash and deposits, 9 percent in bond, and 47 percent in equities, according to the comprehensive study.