A recent survey conducted by HSBC, titled “Quality of Life: A Glimpse into the Reality of Wealthy Investors,” has revealed that participants from the UAE who plan to take multiple short retirement breaks possess a financial confidence level of 81%, surpassing the global average of 74% among those intending to pursue several retirement phases. Furthermore, 73% of the respondents from the UAE are considering taking two or more breaks to reorganize their lives, reflect on their futures, and set new goals.
Key motivations driving this trend in the UAE include spending time with family (31%), starting a business or entrepreneurial venture (27%), and experiencing a global lifestyle (27%). Dinesh Sharma, Head of Global Wealth Management and Premier Banking Services for the Middle East, North Africa, and Turkey, stated, “It is fascinating to witness the evolving attitudes towards retirement in the UAE. The increasing confidence individuals demonstrate in thinking about and planning for phased retirements, along with their desire to take deliberate breaks throughout their careers, indicates a more dynamic perspective on what retirement can entail.