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QIB hosts exclusive preview of ‘Knight Frank 2016 Wealth Report’

QIB hosts exclusive preview of ‘Knight Frank 2016 Wealth Report’

For the second year running, Qatar Islamic Bank (QIB) invited property consultants Knight Frank to present a special preview of the 2016 edition of the ‘Wealth Report’ to an exclusive group of the bank’s high-net-worth clients.
The Wealth Report is Knight Frank’s research report that tracks the “growing affluent population” in some 98 cities across 91 countries.
Organised in conjunction with QIB-UK, a wholly-owned subsidiary of QIB headquartered in London, the event featured speakers and panellists from QIB, Knight Frank and London-based law firm Fieldfisher.
“This event is part of QIB’s continuous efforts to inform its clients of the latest market news and to assist ultra-high-net-worth individuals (UHNWIs) in diversifying their investment portfolios,” QIB said in a release.
“QIB and QIB-UK are pleased to join with Knight Frank in offering an advance viewing of this year’s Wealth Report,” said D  Anand, general manager, QIB’s Personal Banking Group.
“Real estate constitutes a sizeable portion of our high-net-worth clients’ investments, making the results shared by Knight Frank extremely valuable. The Wealth Report is for anyone tracking trends in wealth creation and the global property market.”
Founded in 1896, Knight Frank offers global residential and commercial property advisory services. With some 417 offices in 58 countries across the globe, Knight Frank is “one of the world’s largest” property consultancies.
Jeremy Waters, London-based partner in Knight Frank’s Global Capital Markets division and a member of the firm’s Middle East Board; “We are proud to work closely with QIB in Qatar, in London and across International markets in both commercial and residential. Both QIB and Knight Frank recognise the importance of professional advice based on a strong research base and we were delighted to present this year’s Wealth Report in Doha and to provide advice on the key global markets.”
Tom Bill, head, London Residential Research for Knight Frank, presented the key findings from the 2016 Wealth Report. He addressed broader issues shaping how UHNWIs are using their wealth, citing widespread concerns about wealth taxes, succession and inheritance issues, and changing attitudes towards philanthropy. He highlighted current trends among UHNWIs in luxury investments, such as furniture, art, classic cars, and jewellery.
Bill concluded by discussing the market outlook for prime London property. Knight Frank expects that London will remain a destination for UHNWIs looking to invest in property, as global volatility drives demand to established (rather than developing) markets. Bill discussed the impact that British politics have had on London real estate, saying that although short-term risks have polarised the local property market, London continues to be a good prospect for long-term investments.
Bill also moderated a panel discussion during which panellists addressed issues of concern to Qatari investors looking to buy or sell retail or commercial property in London and in depth discuss about the latest tax regulations peered by Vivien Davies, a partner with London based law firm – Fieldfisher. After the panel, representatives from QIB-UK, Knight Frank and Fiedlfisher made themselves available to answer the attendees’ questions.





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