The Family Office launches financial goal in the UAE, empowering investors to plan and achieve long-term financial goals through tailored private market strategies
The Family Office, a leading wealth management firm in the GCC, announces the launch of its latest digital tool, FinancialGoal.com, in DIFC.
This innovative tool is designed to support investors in defining and achieving their financial goals with personalised investment strategies built around private market opportunities.
With the rapid pace of economic shifts and the increasing complexity of global markets, many investors in the UAE are seeking structured, long-term strategies to protect and grow their wealth.
Financial Goal provides a comprehensive digital experience that helps users define their goals, whether retirement planning, funding their children's education, or building a multi-generational legacy, while simulating different financial outcomes and building customised investment plans aligned with their ambitions.
Key features of Financial Goal include:
Defining Financial Goals: You can define mid- and long-term financial goals based on your personal and family aspirations.
Scenario-Based Simulations: By entering details such as income, assets, and liabilities, you can simulate various future outcomes to better understand how to reach your goals.
Tailored Investment Planning: In collaboration with The Family Office's financial advisors, you can build bespoke strategies rooted in diversified private market investments, including private equity, private credit, and real estate.
Gabriel Aractingi, CEO of The Family Office Company B.S.C. (c) (DIFC Branch), commented on the UAE launch: 'In a fast-evolving and sophisticated market like the UAE, investors are increasingly seeking clarity and control in their financial planning.
Financial Goal is the go-to solution for structured, long-term and resilient investment strategies grounded in private markets.
It empowers individuals and families to transform abstract goals into actionable plans, supported by the expertise and discretion that have long defined The Family Office.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hi Dubai
3 hours ago
- Hi Dubai
Identifying Prime Locations to Set Up Your Business in Dubai
Dubai continues to strengthen its position as a top global hub for business. With its visionary leadership, strong economic policies, and open-door approach to global investors, the city keeps drawing attention. But have you ever wondered why so many entrepreneurs are choosing Dubai to launch their businesses? Or what makes one business district more appealing than another? A closer look reveals some striking numbers. Over 30,000 new companies registered in the city between January and June 2023, according to Invest in Dubai. Free zones played a major role in this growth. DMCC alone welcomed 2,692 new businesses last year, now housing over 24,000 members. The center contributes 11% of all foreign direct investment (FDI) into Dubai and 7% of its GDP. DIFC saw 1,451 new registrations in 2023, taking its total to 5,523 companies. JAFZA reported Dhs713 billion in non-oil trade in 2024 and is now home to over 11,000 businesses. Meanwhile, DAFZ supports more than 3,000 businesses with a tax-free environment, full foreign ownership, and repatriation of profits. What does all this tell us? Dubai's ability to consistently attract companies reflects its solid diversification strategy. Today, oil contributes less than 1% to the UAE's GDP. This means the focus has clearly shifted to innovation, services, and future-ready sectors—good news for new businesses. Mainland or Free Zone: Which Route Should You Take? One of the first decisions an entrepreneur needs to make is where to register: on the mainland or in a free zone. It's not just about geography. This decision affects ownership, taxes, licensing, and how easily you can trade. Mainland companies: Can trade across the UAE and internationally Allow 100% foreign ownership for most activities Require a physical office (costs vary from AED 30,000 to AED 150,000 annually) Free zone companies: Offer 100% foreign ownership and 0% corporate tax (if compliant) Provide flexible office options starting from AED 10,000 per year Usually complete setup in 5 days to 2 weeks Historically limited to international trade, though recent rules allow mainland branches through Dual Licenses Table: Mainland vs. Free Zone Setup Aspect Mainland Free Zone Ownership Up to 100% (some sectors require Emirati partner) 100% Market Access Full UAE and global Mainly global; mainland via Dual License Corporate Tax 9% (from 2024) 0% (if compliant) Office Space Mandatory physical office Shared/flexible options Setup Time Longer (weeks to months) Faster (5 days to 2 weeks) Customs Duties Applied Exempt within zone Local Sponsor Optional (AED 10,000-25,000) Not required What Kind of Business License Do You Need? The type of license you apply for depends on your business activity. Dubai's DET and the Ministry of Economy recognize six primary license categories covering over 2,000 activities: Commercial : For trading, import/export, retail : For trading, import/export, retail Professional : For services like consultancy, law, education : For services like consultancy, law, education Industrial : For manufacturing and production : For manufacturing and production E-Trader : For home-based or online sellers : For home-based or online sellers Dual License: For operating across the mainland and free zones Each free zone also offers its own licensing structure. For instance: DMCC offers Trading, General Trading, SPV, Crypto, and Gaming licenses DIFC categorizes licenses by financial activities (from Category 1 to 5), and also issues AI, FinTech, and Innovation licenses DAFZ offers Talent Pass for freelancers in media, tech, and education Looking at license distribution helps us understand where Dubai is heading. On the mainland, the majority of licenses issued in Q1 and H1 2022 were professional (55%+), marking a shift toward a service-based economy. Compare this to November 2018, when commercial licenses made up 62.3%. Dubai Mainland License Trends License Type Q1 2022 H1 2022 Professional 14,057 (57%) 25,109 (55%) Commercial 10,605 (43%) 20,544 (45%) Free zones are seeing similar transitions, but with a stronger focus on innovation. For example: DMCC saw 129 new companies in its Crypto Centre and 48 in Gaming DIFC added 316 FinTech firms in 2023, now totaling 902 DFSA issued 154 new licenses in 2024, with a 75% spike in wealth management firms Top Locations for Different Business Types If you're unsure where to start your business journey, here's how Dubai's business districts break down by type and specialization: Mainland Business Hubs Bur Dubai & Deira : These remain the most popular for new businesses. In H1 2022, Bur Dubai alone saw 31,604 licenses. : These remain the most popular for new businesses. In H1 2022, Bur Dubai alone saw 31,604 licenses. Top areas within : Al Fahidi, Al Marrar, Burj Khalifa, Port Saeed, Al Barsha 1 : Al Fahidi, Al Marrar, Burj Khalifa, Port Saeed, Al Barsha 1 Best for: General trading, retail, consultancy, education, legal services Specialized Free Zones DIFC : Focused on finance, FinTech, AI, and innovation. Offers subsidized Innovation License. Office rents range from AED 150–300/sqft/year. : Focused on finance, FinTech, AI, and innovation. Offers subsidized Innovation License. Office rents range from AED 150–300/sqft/year. DMCC : Known for commodities but growing in crypto, AI, and e-commerce. Based in JLT with office rents between AED 50–200/sqft/year. : Known for commodities but growing in crypto, AI, and e-commerce. Based in JLT with office rents between AED 50–200/sqft/year. JAFZA : Ideal for manufacturing, logistics, and large-scale trading. Located next to Jebel Ali Port. Supports over 11,000 businesses. : Ideal for manufacturing, logistics, and large-scale trading. Located next to Jebel Ali Port. Supports over 11,000 businesses. DAFZ: Best for aviation, tech, fashion, logistics. Located at Dubai International Airport. Offers freelancing-friendly Talent Pass. Factors That Should Guide Your Location Choice There's more to choosing your business location than just licensing or rent. Have you considered how infrastructure, workforce, or connectivity might impact your operations? Infrastructure & Connectivity : Dubai offers world-class roads, ports, and airports. The UAE also ranks top globally for its digital infrastructure, making it ideal for tech-driven businesses. : Dubai offers world-class roads, ports, and airports. The UAE also ranks top globally for its digital infrastructure, making it ideal for tech-driven businesses. Talent Pool : With 88.5% of the population being expats, Dubai provides a diverse, skilled workforce. Visa reforms like the Golden Visa help retain top talent. : With 88.5% of the population being expats, Dubai provides a diverse, skilled workforce. Visa reforms like the Golden Visa help retain top talent. Costs : Mainland license: AED 20,000–50,000 Free zone license: AED 10,000–50,000 (often includes office) Office rent: Varies significantly (see examples below) : Sample Office Costs (Annual) Area Average Rent Downtown Dubai AED 1.5M Business Bay AED 372,000 Deira AED 45,787 DIFC AED 150–300/sqft JLT AED 50–200/sqft Other Costs : Company setup: AED 8,000–15,000 Visa fees: AED 3,000–7,000 Permits: AED 5,000–10,000 : Dubai's "Invest in Dubai" platform simplifies the setup process for both mainland and free zone businesses. It's also worth noting that free zones often allow quicker setup and offer bundled packages that reduce the hassle. Building Your Business in the Right Place Dubai's business-friendly environment, strong infrastructure, and regulatory flexibility make it an ideal place for new ventures. But your location decision can influence everything from operations to growth. Should you go mainland for direct market access? Or does a free zone align better with your industry and cost structure? Use this framework to guide your choice: Target Market : Local consumers vs. global trade? : Local consumers vs. global trade? Industry Needs : Are you in FinTech, manufacturing, or consultancy? : Are you in FinTech, manufacturing, or consultancy? Cost Structure : Can you afford Downtown rent, or would JLT be smarter? : Can you afford Downtown rent, or would JLT be smarter? Operational Model: Would a hybrid setup (Dual License) give you more freedom? Whichever route you choose, Dubai offers the ecosystem, talent, and tools to help your business thrive. But success in this city isn't just about choosing the right location—it's about knowing exactly what kind of legacy you want to build. Also read, Can Foreigners Really Own 100% of a Business in the UAE? Here's the Truth Explore the evolution of foreign ownership restrictions in the UAE, from their historical roots to the groundbreaking 2020 reforms and the sectors that still require local ownership. Best Digital Tools for Small Businesses in the UAE Discover essential digital tools every small business in the UAE needs to thrive—plus government support that helps them grow smarter and faster. DP World Invests $2.5 Billion to Expand Global Logistics Network Across Four Continents DP World is investing $2.5 billion in 2025 to expand its global logistics network, launching major infrastructure projects across India, Africa, South America, and Europe in a bid to meet surging demand for more resilient and integrated supply chain solutions.
Arabian Business
a day ago
- Arabian Business
Dubai real estate: Arada launches world's first precision wellness destination ‘Akala'
Arada has unveiled Akala, positioning it as the world's first precision wellness destination and a new global hospitality and branded residences concept. The brand name derives from an ancient Sanskrit word meaning 'beyond time'. The flagship development, Akala Hotel & Residences, will house 534 branded residences located between Dubai International Financial Centre (DIFC) and Downtown Dubai. Akala Hotel & Residences Dubai sales begin May 31 The project comprises two 220-metre towers connected by a shared podium containing spa, fitness, and clinical wellness facilities. The AED5 billion development will launch sales on Saturday, May 31, with a two-day event at Dubai's Museum of the Future. Residential options range from one-bedroom apartments to The Observatory, a two-level penthouse offering views of the Burj Khalifa. Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, said: 'With Akala, we are creating a sanctuary that reflects how people want to live today, where peak health, personal performance, and rest are all part of the same experience. With an array of wellness facilities and services that is unmatched anywhere in the world, Akala is designed for the next generation of global citizens who want to live better, happier and longer.' The development has received LEED Gold and WELL Silver precertification, with construction scheduled for completion by the end of 2029. Ahmed Alkhoshaibi, Group CEO of Arada, added: 'Akala represents the convergence of two powerful global shifts – the rise of wellness as a central life pursuit, and the demand for service-led, lifestyle-driven residential experiences. Dubai is the perfect place to launch this concept, and we're proud to introduce a new kind of brand from the region to the world.' Each residence incorporates air and water purification systems, individually zoned climate control, and circadian lighting. Materials and furnishings are selected for their natural and sustainable qualities. Smart technology integration allows residents to personalise their environment. Wellness-focused upgrades include organic sleep systems, EMF-conscious design elements, and acoustic optimisation to support longevity, focus, and rest. The development features a fitness club equipped with strength and cardio equipment, private training pods, an indoor lap pool, and studios for cycling and group exercise. The Akala Spa includes saunas, hammams, thalassotherapy pools, VIP suites, and a thermal circuit. Wellness Studios provide spaces for movement, recovery, and mindfulness practices. Everwell's medical wellness clinic offers diagnostics, preventative care, and personalised treatments, including stem cell therapies. Additional amenities include organic dining options, an L-shaped pool, social spaces, and residents-only facilities including gym, spa and private cinema. Akala provides lifestyle and wellness concierge services covering daily housekeeping, in-home spa treatments, curated dining, fitness and recovery programmes. Specialist services include family support, companion care, and event planning. The development operates as a members' club with global reach, providing residents and guests access to wellness programming, content, and experiences across future locations worldwide. Following the Dubai launch, Akala plans expansion to international markets including other Middle East locations, Europe and Australia. Each future location will be curated to its specific environment and culture whilst maintaining the brand's precision wellness mission.
Zawya
a day ago
- Zawya
Tourmaline Partners expands global footprint with Dubai International Financial Centre office
Dubai, United Arab Emirates (UAE) – Tourmaline Partners, a leading global provider of outsourced trading solutions, is pleased to announce the opening of its newest office in Dubai International Financial Centre (DIFC), marking a significant milestone in the firm's international growth strategy. To lead this expansion, Kish Desai has relocated from the firm's London office to Dubai and will spearhead Tourmaline's efforts in the Middle East region, taking on the role of Senior Executive Officer of Dubai International Financial Centre (DIFC) Branch. With 20+ years of experience in global trading and client relationship management, Kish is well-positioned to deepen the firm's presence in a fast-growing market, strategically located between Europe and APAC. 'Opening a Dubai office is a natural next step as we continue to meet growing demand for our services across the globe,' said Aaron Hantman, CEO of Tourmaline Partners. 'The region presents a tremendous opportunity, and we are confident that under Kish's leadership, our clients will benefit from enhanced access, local expertise, and the same high-quality execution and service that defines Tourmaline globally.' "Dubai has established itself as a key financial center' added Kish Desai. 'It is exciting to see the explosion of new fund managers in the region, and we are excited to contribute to that momentum and become a critical part of the ecosystem. We look forward to working closely with DIFC and other local and global stakeholders who support the growth of both asset owners and investment managers who operate and invest in the region." Salmaan Jaffery, Chief Business Development Officer, DIFC Authority: 'We are pleased to welcome Tourmaline to DIFC's thriving ecosystem. Their decision to establish a presence here reinforces DIFC's position as the preferred choice for international brokerage firms looking to access Dubai's dynamic and fast-growing financial markets. We look forward to supporting their growth journey in the region.' The new Dubai office, located in DIFC, will serve as a hub for regional clients and partners, providing bespoke trading solutions that align with local market dynamics. Tourmaline's expansion into Dubai underscores its commitment to providing independent, unconflicted outsourced and supplemental trading solutions on a global scale—supporting buy-side firms and asset owners of all sizes in achieving greater efficiency, transparency, and performance. About Tourmaline Partners Tourmaline Partners is a trading solutions firm providing outsourced, supplemental, and customized trading services to asset managers of all sizes. Tourmaline delivers a 24 x 6 buy-side execution offering in global equites, derivatives, and ETFs on behalf of hedge funds, mutual funds, RIAs, family offices, sovereign wealth funds and asset owners. Clients include emerging managers at launch to those with AUM over $1T. Tourmaline's team comprises over 35 traders averaging 15+ years of experience, based in Stamford, CT, London, and Sydney. Tourmaline is privately held and positioned to not compete with the sell-side in their core businesses of research, banking, and prime brokerage. Tourmaline uniquely funds research through an in-house, proprietary commission management infrastructure including CSAs, CCAs, aggregation as well as attributed trading to meet sell-side research commitments. Founded in 2011, Tourmaline services 350+ institutional clients, trades in 50 global markets, is covered by over 400 sell-side brokers and employs over 45+ algo suites – which allow us to access liquidity at all major exchanges, dark pools, and other off-exchange trading venues globally – on behalf of our clients. Tourmaline's technology infrastructure is comprised of proprietary tools for order entry, CRM data/analytics, commission management administration and reporting, and industry leading third-party solutions for order handling (OMS/EMS) and TCA. Tourmaline Partners LLC is registered with the SEC and FINRA. Tourmaline Europe LLP Is a wholly owned subsidiary authorized and regulated by the FCA. Contact: Aaron Hantman, CEO Tourmaline Partners LLC ah@ Kish Desai, Senior Executive Officer Tourmaline Europe LLP (DIFC Branch) kd@ About Dubai International Financial Centre Dubai International Financial Centre (DIFC) is one of the world's most advanced financial centres, and the leading financial hub for the Middle East, Africa, and South Asia (MEASA), which comprises 77 countries with an approximate population of 3.7bn and an estimated GDP of USD 10.5trn. With a 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe, and the Americas through Dubai. DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region's largest financial ecosystem of 46,000 professionals working across over 6,900 active registered companies – making up the largest and most diverse pool of industry talent in the region. The Centre's vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region's most comprehensive AI, FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups. Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels, and public spaces, DIFC continues to be one of Dubai's most sought-after business and lifestyle destinations. For further information, please visit our website: or follow us on LinkedIn and X @DIFC. For media enquiries, please contact: Nivine William | Nisha Celina Burson | | Rasha Mezher | Dubai International Financial Centre Authority Manager, Marketing & Corporate Communications
