UAE net wealth hits record $3.12 trillion
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The United Arab Emirates’ net wealth rose to a new record of $3.12 trillion in 2024, driven by strong growth in both financial and real assets that exceeded the pace of rising liabilities.
Boston Consulting Group's Global Wealth Report 2025: Rethinking the Rules for Growth projects that investable wealth will grow from $942 billion this year to $1.34 trillion by 2029 at a 7.2% compound annual growth rate. Cross-border wealth surged 11.1% over the past year, driven by demand for diversification and safe havens.
Equities and currency deposits dominate at $374 billion and $306 billion, respectively, in 2024, with forecasts to $554 billion and $435 billion by 2029. Bonds, though smaller at $15 billion now, will expand fastest to $25 billion with an 11% CAGR. Life insurance and pensions hold at $24 billion, growing modestly to $32 billion, while other assets, such as alternatives, reach $428 billion en route to $586 billion.
Financial wealth overall is projected to reach $1.63 trillion by 2029 at a 7.3% CAGR, with real assets projected at $3.21 trillion at an 8.1% pace. Liabilities could hit $326 billion at 9.5% growth, signalling sustained household and investor confidence.
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