Page 221 - AAE PR REPORT - June 2024
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5/29/24, 3:53 PM Dubai IPO boom expected with privatisation, family business listings and tech start-ups; 110,000 HNWIs grow investment pool - Ar…
attractive jurisdiction for incorporation, through its business-friendly approach towards
the rule of law, and how the Centre has grown as a venue for global investors.
The region is home to a vast range of potential investors. Notably, these include family
businesses, and wealthy individuals who are represented by the influx of wealth of asset
management firms.
According to recent data, the UAE attracted a record-breaking number of High-Net-
Worth Individuals (HNWIs) in 2022, which continued into 2023 and beyond.
Currently, there are an estimated 109,900 resident HNWIs, including 298 centi-
millionaires and 20 billionaires, prompting DIFC’s estimated 370 asset managers to
strengthen their presence in the emirate.
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