There are three distinct jurisdictions and regimes for establishing investment funds in the United Arab Emirates (UAE) namely onshore UAE, the Dubai International Finance Centre (DIFC), and the Abu Dhabi Global Market (ADGM). The regulatory classification of funds, including types of fund vehicles on offer, in the ADGM and the DIFC are substantially similar, whereas the approach in onshore UAE has been and continues to be different. However, in all three jurisdictions, funds available for subscription by retail investors are understandably subject to the highest level of regulation.