There are now more than 300 asset and wealth managers operating in Dubai’s largest special economic zone.
The Dubai International Financial Centre (DIFC) has recently added a number of overseas firms, including Edmond de Rothschild, EnTrust Global, Nomura Singapore and The Family Office Company.
The 300-plus firms account for more than US$450 billion in assets under management collectively.
By the end of 2022, there were more than 150 funds domiciled in the DIFC.
According to the DIFC, the addition of new firms along with the growth in the number of funds domiciled there underlines its claim to be the region’s “location of choice for wealth and asset management”.
Meanwhile, its regulator, the Dubai Financial Services Authority, has stated that it has seen “strong interest” from digital asset managers and hedge funds looking to set up in Dubai.
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