29 November 2016
Millennials in the United Arab Emirates earn high incomes, are hard workers, are career oriented and are seeking to run their own business and never retire, according to a study by UBS financial consultancy.
The research was conducted to investigate the meaning of wealth to millennials in the UAE and discovered that 52 percent of the surveyed sample expected to never retire, compared to less than 23 percent worldwide, while 91 percent said they have either started or would like to start their own business in the future, UBS said in a press release.
According to the UBS study, 49 percent of respondents believe the job market in the UAE provides an “enabler” environment to assume wealth, listing Dubai among the top three working destinations along with London and New York. Read more here.
The research findings were announced this weekend at Abu Dhabi’s New York University Campus. The event was attended by a group of prominent figures and entrepreneurs from various international areas, included David Coulthard, former Formula 1 driver, and Mo Gawdat, vice president of innovation at Google X, along with others.
“My wealth lies in many things other than the material benefits of being a professional sports person,” Coulthard said. “The satisfaction of building long-term personal and professional relationships has brought me great wealth and rewards, but most of all I had a full and rich experience – that is what I call real wealth,” he added.
Gawdat added: “Wealth is a wealth of experiences – you only enjoy life when you have a wealth of experiences.”
The UAE and Saudi Arabia have the highest number of millennial entrepreneurs in the world, according to a report done by HSBC bank earlier this year. Read more here.
For more on UAE millennials, click below:
UAE’s millennials swayed by social media influencers
UAE, China popular for millennials seeking to advance career
Saudi, UAE Millennials tend to spend more than their global peers: Report
Millennials say 'no' to debt
© Express 2016
Millennials in the United Arab Emirates earn high incomes, are hard workers, are career oriented and are seeking to run their own business and never retire, according to a study by UBS financial consultancy.
The research was conducted to investigate the meaning of wealth to millennials in the UAE and discovered that 52 percent of the surveyed sample expected to never retire, compared to less than 23 percent worldwide, while 91 percent said they have either started or would like to start their own business in the future, UBS said in a press release.
According to the UBS study, 49 percent of respondents believe the job market in the UAE provides an “enabler” environment to assume wealth, listing Dubai among the top three working destinations along with London and New York. Read more here.
The research findings were announced this weekend at Abu Dhabi’s New York University Campus. The event was attended by a group of prominent figures and entrepreneurs from various international areas, included David Coulthard, former Formula 1 driver, and Mo Gawdat, vice president of innovation at Google X, along with others.
“My wealth lies in many things other than the material benefits of being a professional sports person,” Coulthard said. “The satisfaction of building long-term personal and professional relationships has brought me great wealth and rewards, but most of all I had a full and rich experience – that is what I call real wealth,” he added.
Gawdat added: “Wealth is a wealth of experiences – you only enjoy life when you have a wealth of experiences.”
The UAE and Saudi Arabia have the highest number of millennial entrepreneurs in the world, according to a report done by HSBC bank earlier this year. Read more here.
For more on UAE millennials, click below:
UAE’s millennials swayed by social media influencers
UAE, China popular for millennials seeking to advance career
Saudi, UAE Millennials tend to spend more than their global peers: Report
Millennials say 'no' to debt
© Express 2016
