From Investing.com:

Wealth managers in Asia are increasingly setting up offices in Dubai to capitalize on growing demand for geographical diversification. The Middle East has become more important to Beijing amid souring ties with Washington, and the UAE has seen a strong net inflow of millionaires. This has prompted firms like Noah Holdings, Farro Capital, and Landmark Family Office to establish a presence in Dubai, offering new investment opportunities for clients.

Dubai is attracting wealth managers from Asia, particularly China, as geopolitics becomes increasingly critical for families. The Middle East’s wealth is growing, and the UAE has seen a high net inflow of millionaires, making it an attractive destination for firms looking to expand their business presence. This has led to the establishment of offices in Dubai by firms such as Noah Holdings, Farro Capital, and Landmark Family Office, providing clients with new investment opportunities in the Middle East.

With ties between China and the Middle East growing stronger, more wealth managers in Asia are looking to set up offices in Dubai as clients seek geographical diversification and exposure to new investment opportunities. The rise of the UAE as a favorable destination for wealthy individuals and businesses has prompted the establishment of offices in Dubai by firms like Noah Holdings, Farro Capital, and Landmark Family Office.

Firms like Noah Holdings, Farro Capital, and Landmark Family Office are setting up offices in Dubai to capitalize on the surge in demand from clients for geographical diversification and new investment opportunities in the Middle East. The UAE has become an attractive destination for wealthy individuals and businesses, prompting an influx of expatriates and increasing the population of rich individuals, leading to a growing trend of wealth managers expanding their presence in the region.

The Middle East is becoming increasingly important to Beijing, as seen in the growing ties between China and the UAE. The region’s attractiveness as a wealth destination is evident in the strong net inflow of millionaires, which has prompted firms such as Noah Holdings, Farro Capital, and Landmark Family Office to establish a presence in Dubai, offering new investment opportunities for wealth diversification.



Read more: Asia wealth managers flock to Dubai as clients look to diversify By Reuters