Private Banks in UAE
Compare leading private banks and their services in the United Arab Emirates
Market Overview
Market Size
Total private banking assets under management
Regulatory Body
Primary financial regulator
Average Management Fee
Typical fee range for wealth management
Private Banks in UAE
Leading private banks with UAE operations
| Bank | Minimum Investment | Management Fee | Key Services | Description |
|---|---|---|---|---|
| Credit Suisse Private Banking | $1,000,000 | 0.45% - 1.35% |
| Credit Suisse provides tailored private banking solutions with a focus on wealth preservation and growth. |
Requirements and Documentation
Financial Requirements
- Emirates ID/Passport
- Residence visa
- Source of funds
Fee Structure
- Management Fee: 0.4% - 1.3%
- Transaction Fee: 0.15% - 0.35%
- Custody Fee: 0.25% - 0.45%
Frequently Asked Questions
What is the minimum investment for private banking in the UAE?
Minimum investments typically range from USD 1-5 million, varying by bank. Some international banks may require higher amounts for their UAE operations.
What services do UAE private banks offer?
UAE private banks offer comprehensive wealth management services including Islamic banking options, investment advisory, estate planning, and international banking solutions.
How are private banks regulated in the UAE?
Private banks in the UAE are regulated by the Dubai Financial Services Authority (DFSA) in the DIFC and the UAE Central Bank. They must comply with strict regulatory requirements including AML and CFT regulations.
What are the advantages of private banking in the UAE?
The UAE offers tax efficiency, strong financial infrastructure, strategic location between Asia and Europe, and comprehensive wealth management expertise with both conventional and Islamic banking options.
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