I am writing this article because as an independent financial advisor, I get asked frequently which are the Best Savings Plans in the UAE. The criteria I have used below reflect my own views, both as a customer myself with my own savings plans from different companies, as well as my experience as an independent financial adviser.
When investing one’s hard earned money, I generally recommend considering international providers only. This is because they have the pedigree, experience and expertise to design products that perform well. Local providers are not recommended.
Also, make sure that the international provider you are evaluating is licensed to offer investment products in the U.A.E. This ensures that you have legal recourse should things go wrong.
I have listed below providers of savings plans in the UAE who are licensed and whose products are regulated in the UAE.
There are mainly two types of savings plans in this market:
In order of preference, based on flexibility and charges.
Leave your comments and questions below, or contact me for personal advice.
Amit is an Independent Financial Advisor, based in Dubai since 1997. He is part of the prestigious ‘Million Dollar Round Table’ (MDRT), which is an elite club of the best financial advisors worldwide. He has authored the ‘6-Step Financial Success Guide’, and the book ‘Creating, Preserving, Distributing Wealth’. He helps business owners and professionals ‘Create A Second Income’ through investments.
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