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Welfare Group·The Firm·About

About Welfare Group.

Welfare Group is an active investment holding company headquartered in the Dubai International Financial Centre. We build, operate, and invest in businesses at the intersection of real estate, financial services, and technology across Europe, the Middle East, and Asia-Pacific.

Structured as a long-term private investment vehicle.

We do not raise external funds, and we do not operate on fund-cycle timelines. Capital deployed by Welfare Group is permanent capital, which allows us to build operating businesses with the patience and conviction that institutional-quality platforms require.

What we do.

Our portfolio comprises three operating platforms, each addressing a distinct vertical, each operating with its own management team, regulatory framework, and growth strategy under the strategic oversight of the Welfare Group board.

Mission

To build operating businesses that compound for decades — run with discipline, governed honestly, and engineered to leave every client, employee, and regulator they touch better off.

Vision

That the businesses we build today become the institutions our grandchildren rely on tomorrow — independently, durably, and without us.

Stakeholder Philosophy

Happiness.Health.Wealth.

We work toward a single end goal across everything we do: that every stakeholder we serve — our clients, our investors, our employees, our regulators, and our partners — ends up better off through their relationship with Welfare Group and its portfolio companies.

We summarise this internally as three outcomes: happiness, health, and wealth. These are the lenses through which we evaluate decisions across the group. A portfolio company decision, an investment, a hire, or a new market entry must, over time, contribute to those outcomes for the people it touches.

This is not a marketing position. It is the standard against which we measure ourselves, and the basis on which we expect to be measured.

The firm today.

Founded in 2021. Three operating platforms, eight locations, and a team of roughly 65 professionals.

2021
Welfare Group founded
3
Operating platforms
8
Locations
~65
Professionals worldwide

From its base in the DIFC, the group builds and operates across Europe, the Middle East, and Asia-Pacific: real estate investment and asset management through Prop.com, regulated wealth management through Welf, and real estate technology through Propchain.

Approach

Active, long-term. Built business by business.

We take an active, long-term approach. We do not acquire passive stakes. We build operating businesses from inception, install institutional management teams, establish regulatory frameworks across the jurisdictions in which we operate, and scale through disciplined execution.

Within each vertical, we target markets where structural inefficiency, regulatory complexity, or technological immaturity creates the opportunity for well-capitalised, professionally managed platforms to compound value over time.

We deploy modern technology — including artificial intelligence — across the operations of the holding company and the platforms our portfolio companies build. We treat technology as infrastructure that enables better investment decisions and better client outcomes, not as a positioning statement.

Read our full approach

A team built from tier-one institutions.

The group and its portfolio companies employ approximately 65 professionals across the UAE, Europe, and Asia-Pacific.

Previously with

Barclays J.P. Morgan Morgan Stanley Neuberger Berman PATRIZIA AG UBS Johnson & Johnson EY BBC
Meet the leadership

The Firm · Frequently asked

About Welfare Group.

High-level questions about the holding company structure and approach.

What is Welfare Group?

Welfare Group is a privately-held active investment holding company. It builds, operates, and invests in businesses across three sectors: European real estate (Prop.com), regulated wealth management (Welf), and real estate technology (Propchain). It was founded in 2021 and is headquartered in the Dubai International Financial Centre.

Is Welfare Group a fund?

No. Welfare Group is a holding company with permanent capital — not a fund operating on a time-bound vehicle. It holds meaningful equity stakes in its portfolio companies and operates them as an owner, not as an allocator waiting for an exit.

Where is Welfare Group headquartered?

Dubai International Financial Centre (DIFC), Dubai, UAE. The group operates from seven further offices: Abu Dhabi, Frankfurt, Luxembourg, Tilburg, Vilnius, London, and Singapore (in establishment).

Who founded Welfare Group?

Welfare Group was co-founded in 2021 by Robin Ubaghs (Chairman) and Alexander Ingwersen (Deputy Chairman).

How is Welfare Group regulated?

The group’s regulated operating entity is Welf Advisory Limited, authorised and regulated by the Dubai Financial Services Authority (DFSA) in the Dubai International Financial Centre.