Family offices are playing a key role in the Middle East’s growth, according to Deloitte’s Top family office trends in 2024: A Middle East perspective.
Deloitte found that although they face economic and geopolitical uncertainties, family offices in the region expect a 65% increase in total wealth. They are diversifying their portfolios, which focus on private equity, real estate and equities.
Sustainability is becoming more popular among Middle East family offices: Almost half (47%) are involved in sustainable investing, and sustainable investments are expected to more than double in the next five years.
Family offices in the Middle East are also becoming more professional and efficient. Half of them are developing or implementing technology strategies, for example. Many are also prioritizing cybersecurity planning — with good reason, as 67% report having experienced a cyber attack, a significantly higher figure than the global average of 43%.
