US EditionAfter Attack on Dubai, Super Rich Now Invest in Switzerland
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4 Articles
The war in the Middle East is disrupting the travel plans of wealthy vacationers: Mallorca is moving from Dubai into focus. Demand for luxury villas is rising sharply – with noticeable consequences for prices and the real estate market.
Dubai was once considered the safe haven in the United Arab Emirates. Image: keystoneSecurity in Dubai was one of the reasons that many super-rich people emigrated to the big city. However, this security was severely shaken at the beginning of March when the big city was involved in the Iran war. This led to wealthy people no longer investing their money in Dubai – but with us in Switzerland. According to Reuters, super-rich people are planning …
Zurich/VAE – The recent military escalation in the Middle East could also change international financial flows. Wealthy investors from the Gulf region are increasingly considering moving parts of their assets to Switzerland, according to the news agency Reuters. More than a dozen bankers and financial advisors, who work together to support assets of over one trillion US dollars, report a growing interest in affluent [...]
The bombs on Dubai are confusing the rich. Zurich and Geneva are experiencing a rush of inquiries and investments.
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