Results from a survey conducted by HSBC titled “Quality of Life: A Quick Glance at the Reality of Wealth Investors” revealed that individuals from the UAE planning to have multiple short retirement periods exhibit a financial confidence rate in their ability to support themselves that exceeds the global average at 81%, compared to 74% for those planning multiple retirement phases.

73% of UAE survey participants plan to take one or more breaks to reorganize their lives, reflect on their future, and pursue new goals.

The main motivations behind this new trend in the UAE include spending time with family (31%), starting a business or entrepreneurial project (27%), or living a global lifestyle (27%).

Denish Sharma, Head of Global Wealth Management and Premier Banking Services for the Middle East, North Africa, and Turkey at HSBC, said: “It is interesting to see how attitudes towards retirement are evolving in the UAE, as the increasing confidence shown by individuals in thinking about and planning multi-stage retirements and their desire to take multiple deliberate breaks during their careers reflects a more dynamic vision of what retirement can be.”