DOHA: Qatari Islamic Bank (QIB) hosted its private banking customers on the occasion of Knight Frank’s presentation of its “2015 Wealth Report”, yesterday. Knight Frank is a global residential and commercial property consultancy.
‘The Knight Frank Wealth Report’ is an annual award-winning publication that examines and analyses the performance of prime property markets, global wealth distribution and the behavioural direction of wealthy individuals towards property and other wealth-related topics, including luxury spending trends.
The Wealth Report contains a huge amount of data, not only from Knight Frank’s own research teams, but also from leading industry analysts and commentators. Much of the report’s content is informed by the results of its unique Attitude Survey, which is based on a detailed survey of almost 500 leading private bankers and wealth advisors from across the globe, and reflects the attitudes of their ultra-wealthy clients who have a combined wealth of over $1.7 trillion.
Covering many aspects of the lifestyles of ultra-high-net-worth individuals (UHNWIs) — with a net worth of over $30m, from wealth creation to philanthropy, from property investments to luxury spending trends, the survey’s findings offer a unique insight into the attitudes of the super-wealthy.
The Doha event was attended by QIB’s Private banking customers who are interested in properties investment worldwide, QIB senior managers, Knight Frank officials and a team from QIB-UK, a wholly owned subsidiary of QIB headquartered in London, together with representatives from Orange Field Group & BLP International Law Firm.
Topics covered in the presentation included the drivers, opportunities and threats from global wealth distribution, prime residential property markets, global cities of importance to UHNWIs, attitudes of these UHNWIs to property and investments, luxury spending trends, and much more.
Tom Bill, Head of London Residential Research from Knight Frank , presented the report.
QIB’s Group Chief Executive Bassel Gamal said it was suitable for QIB to host such an event that is exclusively dedicated for its Private Banking Customers: “The report, being presented for the first time in Qatar, is part of QIB’s efforts to introduce to our the latest trends in wealth distribution throughout the world. The report paints a clear picture of the Global Property Market’s performance, thus helping customers formulate a comprehensive vision on investments in this vital sector that is attracting growing interest from High Net Worth Investors around the globe”.
Knight Frank is a residential and commercial property consultancy founded in London.
The Peninsula
