Wealthy Asians consider moving assets from Dubai amid regional tensions
Following missile and drone attacks on Dubai, wealthy individuals are exploring asset transfers from the UAE to Singapore and Hong Kong. Two Indian entrepreneurs attempted to move over $100,000 each, facing initial technological issues. Reports indicate that 10 to 20 family offices and several clients with an average of $50 million in assets are considering similar actions. While some wealth managers note a lack of immediate capital flight, others highlight increased inquiries about asset relocation. The UAE's banking sector remains stable, with its central bank affirming operational normalcy. The situation reflects growing concerns over the UAE's reputation as a safe haven amid geopolitical tensions.
Published 14 hours ago • 06 Mar 2026, 03:44 PM IST