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FinanceDubai DET partners with Julius Baer to attract global ultra-high-net-worth investors
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Dubai's Department of Economy and Tourism (DET) has partnered with Julius Baer (Middle East) to assist overseas investors, business owners, and family offices in establishing or expanding their activities in Dubai. The collaboration aims to create formal pathways for ultra-high-net-worth individuals under the Dubai Economic Agenda D33. Julius Baer's head of Region Emerging Markets, Rahul Malhotra, highlighted the bank's long-standing presence and confidence in Dubai as a wealth management hub. DET's Hadi Badri emphasized Dubai's policy stability and long-term economic planning. The partnership seeks to convert strategic interest into structured investment outcomes. Julius Baer reported assets under management of SFr547 billion ($666.9 billion) as of June 2026 and a 128% increase in net profit to SFr673 million in the first half of 2026.
Source report
Julius Baer (Middle East) has entered into an agreement with Dubai's Department of Economy and Tourism (DET) to assist overseas investors, business owners, and family offices in establishing or expanding their activities in the emirate.
The partnership aims to create more formal pathways for family offices, entrepreneurs, and ultra-high-net-worth individuals within the framework of the Dubai Economic Agenda, D33.
Key Details
- Parties involved: Julius Baer (Middle East) and Dubai's Department of Economy and Tourism (DET)
- Objective: Help global investors understand Dubai's economic direction, engage with its ecosystem, and assess opportunities for wealth and enterprise expansion
- Strategic framework: Dubai Economic Agenda (D33)
Executive Commentary
Rahul Malhotra, Head of Region Emerging Markets at Julius Baer, stated:
"Dubai has earned its place as one of the world's leading hubs for wealth management, and that is a view Julius Baer has held, and acted on, for more than two decades. Our long-standing presence here gives us a depth of market knowledge that allows us to respond confidently to clients when they are assessing where to base their wealth, their businesses, and their families. Our structural confidence in this market has not wavered, and this partnership with DET is a natural extension of the commitment Julius Baer has demonstrated here from the very beginning."
Hadi Badri, CEO of Dubai Economic Development Corporation (DEDC), the economic development arm of DET, commented:
"Dubai's sustained growth as a global hub for wealth and investment reflects visionary leadership, policy stability, and long-term economic planning. Our partnership with Julius Baer strengthens our ability to convert strategic interest into structured establishment and investment outcomes."
About Julius Baer
- International network covers more than 25 countries and 60 locations
- Reported assets under management of SFr547 billion ($666.9 billion) as of end of June 2026
- In the first half of 2026, profit more than doubled on sustained money inflows, rebounding from prior-year losses linked to credit provisions and a Brazilian divestment
- Reported IFRS net profit of SFr673 million for the six months to June 2026, up 128% from SFr295 million in the first half of 2025
This article was originally created and published by Private Banker International, a GlobalData owned brand.
Source
Yahoo FinanceNeutral / independent
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Dubai DET partners with Julius Baer to support global investors