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ARTICLE: Opportunities Abound for Family Offices in the UAE
27 Feb, 2020
Asiaciti Trust’s Laurence Black was on the panel of experts who deliberated the growth of family offices in the UAE at the Hubbis Middle East Wealth Management Forum 2020.
The key observations were:
- Dubai making the right steps towards developing the DIFC
- DIFC starts to be comparable on various levels
- But more can be achieved to make the region’s appeal broader
- There are some negatives, but the location is in many ways ideal
- Plenty of drivers for the family office space
- The trust regime has improved, helped by common law
- Some are starting out, some are moving back to the region
- Remember – every situation is unique
