Al in charge of wealth: UAE's rich take the lead

UAE’S WEALTHY EMBRACE Al FASTER THAN GLOBAL PEERS

- BY NIVETHA DAYANAND Assistant Business Editor

The UAE’s wealthiest families are moving faster than their global peers to adopt digital assets and artificial intelligence in managing fortunes and preparing the next generation to take over, according to a new study by Standard Chartered Global Private Bank.

Seventy-one per cent of ultrahigh-net-worth families in the UAE believe they should make strategic allocations to digital assets, including cryptocurrencies, NFTs and tokenised traditional assets. That share exceeds the global average of 69 per cent.

Al becomes a trusted tool

Investor sentiment towards technology goes beyond tokens. Three in four UAE respondents said they trust AI tools to support wealth decisions, provided human advisers remain involved for critical judgment calls. Globally, the figure stands at 70 per cent.