Ultra-Wealthy Asian Investors ‘Rethink’ Dubai Exposure Amid US-Israeli War On Iran

As the US war on Iran rages, wealthy families are arranging rapid departures from the Persian Gulf

Asian ultra-wealthy families are re-evaluating investments and relocation plans connected to Dubai as the US-Israeli war on Iran disrupts confidence in the Gulf financial hub, according to a 9 March report by Bloomberg.

Wealth advisors and family-office executives told Bloomberg that escalating regional violence, disrupted flights, and security concerns have prompted clients to delay moves, pull back funds, or prepare contingency plans in case the situation deteriorates.

Consultants cited in the report said inquiries from nervous investors have surged in recent days. Some clients are postponing relocation, while others are exploring ways to move money out of the UAE.

Nick Xiao, chief executive of Hong Kong-based multi-family office Annum Capital, said Asian investors drawn by tax advantages and new business opportunities are now reconsidering those choices.

“They are rethinking their decisions and probably moving their money back to Hong Kong or Singapore,” Xiao said.

🔗SOURCE ➡️ The Cradle

Related: 3/3 — VIDEO | Explosions have reportedly hit the US Consulate in Dubai and several sites in Fujairah, amid parallel reports of strikes targeting US ammunition depots across the United Arab Emirates.

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