According to the Dubai Land Department (DLD), women investment in the UAE is expected to grow by 50% in 2023 over last year, potentially rivalling the larger markets of China and India.
DLD revealed that investment in real estate from women contributed to over AED 58.8 billion to the property sector in Dubai as of July. With women currently owning 30% of property in Dubai, the sector remains attractive but technology, healthcare, stock, bonds and alternative investments are increasingly becoming prominent diversification strategies for investors. While real estate currently makes up the lion’s share of investment for women accounting for 40%, technology – a rapidly rising investment sector – and healthcare now accounts for 30% and 20% respectively of women investors, according to Hedge & Sachs.
Illustrating a surge in women investors, last year the number of women investors increased by 51% compared to 2021. While recent market data suggests that the total volume of women’s investment in the UAE reached AED 100 billion as of July 2023.
Experts say the figure is rivalling global markets of China and India when it comes to total women investment. Over the last few years, the global share of women’s wealth has increased significantly. According to a 2021 study by UBS Wealth Management, women now control 32% of the world’s wealth with a compound annual growth rate of 5.7% to USD 97 trillion by 2024. While in the Middle East, UBS says that between 20% and 40% of the Middle East’s USD 3.1 trillion investable assets is estimated to be held by or for women.
According to Rachit Pant, CEO & Board Member, Hedge & Sachs, the distribution of women investors' portfolios, with its focus on real estate, technology, healthcare, and other sectors, showcases a meticulous approach to diversification and aligning investments with their values.
“The Hedge and Sachs Invest'HER' initiative, which focuses on mentoring and educating women on investment opportunities, has garnered attention and engagement since its launch. An impressive increase of nearly 25-30% in inquiries related to Invest'HER' highlights the keen interest women are showing in investment and the resonance of this tailor-made financial solution,” he said.