Asset Management in Dubai

Individuals with high net worth and investors are always looking for ways to diversify their portfolios and increase their value. As such, asset management in Dubai is becoming prominent.

If you are considering setting up a business in UAE, managing your business assets properly can streamline your business operations. These assets either physical or liquid, play a crucial role in providing operational support and driving business activities.

Given the importance of it, understanding asset management in Dubai is very important. Here, we try to evaluate the topic and provide a better understanding of it.

What is Asset Management?

Asset management is an approach pursued by experts to enhance the client’s portfolio via diversification of assets. This process involves risk analysis, market identification and formulation of purchasing or selling strategies for financial instruments. With tons of companies needing help with managing portfolios, there has been an increased demand for asset management companies in Dubai.

Difference between Asset Management and Wealth Management

When we talk about asset management and wealth management, many get confused and need clarification on both. Let us take a look and see how both of them are different from one another.

Aspects

Asset Management

Wealth Management

Scope

Asset management is primarily concerned with selecting and managing the investments of clients.

Wealth management includes a broader scope which includes financial and tax planning among others.

Services

The main services revolve around investment management, portfolio diversification and risk management.

A few services include investment advice, tax services, estate planning, retirement  planning, legal services, and insurance.

Goal

To optimise returns on investment portfolios, focusing on financial growth and addressing short-term goals.

To ensure financial stability and security by reserving and growing overall wealth.

Clientele

Asset managers handle portfolios of business enterprises and institutions.

Wealth managers deal with high-net-worth individuals.

Customisation

Customisation is limited due to low-risk tolerance.

Highly personalised to meet the individual needs and goals.

Importance of Asset Management in Dubai

To understand the importance of asset management, you need to know the benefits to ensure that your tangible and intangible assets are utilised efficiently.

  • You have better and centralised control over all your assets.
  • The availability of comprehensive data helps you increase the productivity of your business.
  • You can position your assets competitively in the market and attract investors and stakeholders.
  • You can protect your investments and ensure long-term stability through the identification, assessment, and mitigation of risks.
  • By optimising investment returns and capital appreciation, you can achieve financial growth.
     

Why Commitbiz?

When it is about managing your assets and constructing a diversified portfolio, you need substantial knowledge of different financial instruments and markets. At Commitbiz, we have seasoned professionals who are domain experts in this field besides being well-versed in legal laws governing these activities.

We help you incorporate your business in the Middle East as well as take care of other business services like accounting, asset management, and visa services among others. Our Dubai-based business advisors can handle your asset management queries responsibly. To know more, contact us today!

FAQs

Is there any difference between portfolio management and asset management services?

Portfolio management is a term under asset management that focuses on creating and managing investments to meet the client’s specific goals.

What are the types of assets managed in Dubai?

Asset management in Dubai typically includes a range of assets such as stocks, bonds, mutual funds, real estate, private equity, and other investments.

Which regulatory body oversees asset management in Dubai?

The Dubai Financial Service Authority (DFSA) is responsible for supervising and regulating asset management in Dubai.