Dubai was once considered the safe haven in the United Arab Emirates. Image: keystone
March 17, 2026, 1:00 p.mMar 17, 2026, 1:23 p.m
The security in Dubai was one of the reasons that many super-rich people emigrated to the big city. However, this security was severely shaken at the beginning of March when the city became involved in the Iran War. This has led to wealthy people no longer investing their money in Dubai – but with us in Switzerland.
How Reuters reports that the super-rich are planning to move their assets from the Gulf region to Switzerland. In an interview with the news agency, financial advisors and bankers were optimistic that Switzerland would attract more capital from the Middle East after the Iranian attack.
“Switzerland could receive tens of billions of dollars”
This is despite the fact that Switzerland is increasingly confronted with competition from financial centers in the Middle East and Asia. “Due to recent events, we assume that assets from the Middle East will increasingly be booked in Switzerland,” Patrik Spiller, head of asset management at management consultancy Deloitte Switzerland, told Reuters. Switzerland enjoys a reputation as a “safe haven”.
But it will probably take some time before you really feel anything from this shift. Spiller speaks of “weeks or months” until the inflows become noticeable. But the wait would be worth it, as Switzerland could receive “several tens of billions of dollars” from the region.
How quickly and how much money will flow cannot yet be determined. So this would depend very much on how the war develops and how long it lasts.
(sav)