Goldman Sachs and Mashreq Join Forces: Dubai Attracts the Region’s Wealth

In another strong signal of Dubai’s growing financial sophistication, Mashreq Bank has announced a strategic partnership with Goldman Sachs Asset Management. The collaboration will provide discretionary investment services tailored specifically for high-net-worth individuals (HNWIs) across the Gulf region.

This partnership reinforces Dubai’s position not only as a business-friendly city, but as a true wealth management destination.

A Strategic Alliance Built for the Region’s Elite

Through this alliance, Goldman Sachs Asset Management will offer its global expertise in portfolio management, while Mashreq provides the local insight, relationships, and infrastructure needed to serve affluent clients in the UAE and wider GCC.

The result? A new level of tailored investment solutions for Dubai’s wealthiest residents—delivered through a seamless and trusted platform.

Services will include:

• Custom portfolio construction
  
• Multi-asset investment strategies
  
• Risk management and performance monitoring
  
• Access to global markets and institutional-grade research
  

This marks a clear shift in the kind of services now expected by private clients in the region: not just banking, but full-spectrum asset management.

Dubai: A Wealth Management Powerhouse in the Making

With the number of millionaires in the UAE projected to grow by over 50% by 2027 (Henley & Partners), demand for discretionary investment services is soaring. Dubai is increasingly being chosen by global financial giants to serve these clients—thanks to its regulatory transparency, political stability, and unrivalled lifestyle appeal.

According to the DIFC, private wealth and asset management firms saw a 34% increase in activity during 2023, and more are expected to follow in 2025 as the global wealth migration continues.

A New Benchmark for Client Service

This partnership sets a new standard for what high-net-worth clients can expect: world-class advisory, deep institutional experience, and personalised service. It also demonstrates the growing maturity of Dubai’s financial market, where clients can now access the same calibre of services available in London, Singapore or New York—without leaving the region.

For investors seeking discretion, performance, and global reach, this collaboration provides a compelling reason to bank and invest in Dubai.

Conclusion: Dubai Is Where the World’s Wealth Meets Strategy

By aligning a respected regional bank with one of the world’s most influential asset managers, Dubai continues to elevate its status as a global hub for private wealth. For investors looking ahead to 2025, the message is clear: Dubai offers more than opportunity—it offers advantage.