Singaporean Property Magnates Establish Family Office in Abu Dhabi

December 10, 2024 - 10:33

Raj Kumar and his son Kishin RK, prominent figures in Singapore’s real estate sector, are making headlines with their decision to establish a family office in Abu Dhabi. This strategic move places them among an increasing number of affluent individuals choosing the Middle East as a base for their wealth management activities.

The establishment of their family office signifies not only a personal financial strategy but also highlights the region's rising appeal as a hub for the ultra-wealthy. Abu Dhabi, with its favorable tax environment and robust investment opportunities, has become a magnet for billionaires and high-net-worth individuals seeking to diversify their portfolios and secure their legacies.

As global economic dynamics shift, the trend of wealthy families relocating their financial operations to the Middle East is expected to continue. The presence of such influential figures as Kumar and RK further enhances Abu Dhabi's reputation as a premier destination for wealth management and investment.