Why Billionaires Flock UAE’s Abu Dhabi For Asset Protection

The United Arab Emirates, Abu Dhabi, has emerged as the go-to destination for billionaires securing their wealth, signaling a departure from traditional offshore havens.

Abu Dhabi’s Global Market (ADGM) has witnessed a surge in high-net-worth individuals (HNWIs) establishing special-purpose vehicles (SPVs).

More so, Bloomberg reported that over 5,000 SPVs are now in operation, a significant increase from just 46 recorded in 2016.

This billionaire influx comprises prominent figures such as crypto industry leader Chagpeng “CZ” Zhao and hedge fund tycoon Ray Dalio.

It also includes Russian magnate, Vladimir Lisin and Egypt’s wealthiest individual, Nassef Sawiris, who recently moved his family office to Abu Dhabi.

Sawiris’ move underscores the city’s growing allure as a financial haven, positioning it at the forefront of the global billionaire landscape.

His strategic decision aligns with plans to explore opportunities in the Middle East, Africa, and beyond.

Abu Dhabi’s appeal lies in its safe-haven status, diverse economy, low taxes, top-tier healthcare, prime real estate, and exceptional amenities.

In 2023, the UAE stood out as a premier destination for high-net-worth individuals (HNWIs), projecting a remarkable influx of 4,500 millionaires.

This surge is anticipated predominantly from countries such as India, the UK, Russia, Lebanon, Pakistan, Turkey, Egypt, South Africa, Nigeria, Hong Kong, and China.

Also, this shift solidifies Abu Dhabi’s status as the premier global haven for safeguarding assets, reshaping the landscape of wealth protection in unprecedented ways.

The city’s strategic positioning and appeal to billionaires reflect a broader trend in the evolving dynamics of global wealth management.