Dubai"s financial landscape is currently undergoing a significant transformation, as family offices are now managing assets worth more than $1 trillion.

The increase in assets can be attributed to the growing number of high-net-worth individuals who are relocating to the city. The CEO of the Dubai International Financial Centre Authority, Arif Amiri, has highlighted that the DIFC is home to over 120 families and 800 family-related structures, which collectively oversee assets exceeding $1.2 trillion.

The contribution of family businesses to Dubai"s economy is substantial, emphasizing the importance of these entities in the region"s financial ecosystem. The recent Future of Finance event showcased the crucial role that family offices play in shaping Dubai"s economic future, further highlighting the city"s status as a global financial hub.