Asian Wealth Managers Flock to Dubai Amidst China-Middle East Diplomatic Thaw 🇦🇪🇨🇳

Wealth managers across Asia are increasingly establishing offices in Dubai, taking advantage of improved diplomatic ties between China and the Middle East while anticipating a surge in demand from clients for geographical diversification. Dubai, a prominent financial hub in the Gulf region, is emerging as the preferred wealth management destination for many Asian entrepreneurs and affluent families, particularly from China, who seek to leverage favorable policies and expand their business ventures. Noah Holdings, a leading Chinese wealth management firm overseeing approximately $23 billion in client assets, is set to obtain a business license in Dubai by the year’s end. This strategic move reflects a commitment to follow the growth of clients’ wealth and cater to the needs of Chinese entrepreneurs establishing businesses in the region, further highlighting Dubai’s increasing prominence in the global wealth management landscape.