By the end of 2024, the net wealth of the UAE is projected to reach $3.12 trillion, with financial assets experiencing substantial growth of 9.5% from 2023 to 2024. This growth will see their value increase from $1.05 trillion to $1.15 trillion. Real assets will also continue their upward trend, growing by 10.2% during the same period to hit $2.18 trillion, with expectations to rise to $3.21 trillion by 2029. In contrast, liabilities are expected to increase by 9.8% to $207 billion in 2024, indicating a balanced and stable financial growth.
The Global Wealth Report for 2025, released by the Boston Consulting Group under the theme “Redefining Growth Rules,” forecasts the growth of investable wealth from $942 billion in 2024 to $1.34 trillion by 2029, representing a compound annual growth rate of 7.2%. The growth of non-investable assets is anticipated to be more moderate, but it will pick up noticeably after 2024, reflecting a shift in investment preferences or asset valuations.
Net wealth is calculated by adding financial and real assets and then subtracting liabilities, following this formula: Net Wealth = Financial Wealth + Real Assets − Liabilities. In the Boston Consulting Group’s report, financial wealth is categorized into five asset classes: currencies, deposits, bonds, equities, life insurance, pensions, and other assets. Financial wealth is further divided into investable and non-investable wealth, with their total constituting total financial wealth. For instance, in 2024, the financial wealth of the UAE totals $1.14 trillion, while real assets were valued at $2.18 trillion, leading to a net wealth of $3.12 trillion after accounting for liabilities of $207 billion.
Cross-border wealth in the UAE saw significant growth of 11.1% between 2023 and 2024, driven by an increasing demand for geographic diversification and safe havens.
Financial wealth rose to $1.15 trillion in 2024, with robust growth expected to $1.63 trillion by 2029, reflecting a compound annual growth rate of 7.3%.
Real assets reached $2.18 trillion in 2024, and they are projected to increase to $3.21 trillion by 2029, with a compound annual growth rate of 8.1%.
Liabilities are expected to rise to $207 billion in 2024 and may reach $326 billion by 2029, with a compound annual growth rate of 9.5%.
Equities, currencies, and deposits comprised the leading financial assets in 2024, valued at $374 billion and $306 billion respectively, with predictions of growth to $554 billion and $435 billion by 2029, at compound annual growth rates of 8.2% and 7.3% respectively.
Bonds represent the smallest asset class at $15 billion in 2024 but are the fastest-growing, expected to increase to $25 billion by 2029, with a compound annual growth rate of 11%.
Life insurance and pension funds stood at $24 billion in 2024, with an expected increase to $32 billion by 2029, at a compound annual growth rate of 5.7%.
Other assets, encompassing alternative investments, are valued at $428 billion in 2024, and they are expected to grow to $586 billion by 2029, reflecting a compound annual growth rate of 6.5%.
Lucas Ray, partner and director at Boston Consulting Group, noted, “Today’s success is not merely about market presence or hiring top bankers; it revolves around bolstering internal growth. Companies prioritizing advisor development and strengthening their corporate identity, while adopting effective strategies to engage the new generation, will outperform competitors—not just in revenue attainment but in increasing market values and achieving higher valuation multiples.”
Mohammad Khan, also a partner and director at Boston Consulting Group, emphasized that achieving success in the rapidly growing wealth market in the UAE will not solely hinge on market momentum, but on companies’ ability to merge artificial intelligence with human expertise to deliver highly personalized experiences. Firms investing in building digital trust and enhancing intelligent interaction will be well-positioned to drive growth and shape the future of wealth management in the region.