Middle East Legal Awards 2019

Dubai has established itself as a global hub for innovation, attracting thousands of new companies annually across technology, e-commerce, and professional services. The promise is undeniable: a tax-friendly jurisdiction, strategic access to global markets, and a government that actively supports entrepreneurship. Yet this environment, while attractive, is also heavily regulated.

The Dubai property market remains a magnet for global interest, with foreign investors in control of approximately 43% of the total value of residential property. Overseas ownership alone added up to some USD 23 billion between 2020 and 2022, an amount that pinpoints the magnitude of capital invested in the

Throughout Europe, North America, and Asia, family offices are now encountering historically unprecedented challenges. Increasing taxation, regulatory complexity, and political uncertainty are transforming high-net-worth families’ approach to managing wealth. Conventional financial centres are ever more perceived as expensive and inhibiting. Family offices that traditionally depended on established jurisdictions are now