Rising rents puts pressure on household budgets

13.12.2014
82% of Asian expats, 77% of Arab expats, 65% of Emiratis and 53% of Western expatriates viewed housing rents to have a big impact on their household expenses.
Sixty-two per cent of those saving in the UAE plan to increase their savings in the next six months, with 35% of non-savers actually aiming to adopt saving habits during the same period, reveals National Bonds Corporation’s (NBC) 2014 savings index for the UAE.
The savings index, which is based on a survey of 3,000 respondents, found 78 and 64% of the respondents, saying, “Increased house rents and costs of utility were putting most pressure on households across the country.”
According to Emirates 24/7, 82% of Asian expats, 77% of Arab expats, 65% of Emiratis while 53% of Western expatriates viewed housing rents to have a big impact on their household expenses.
Utility expenses such as water and electricity was considered the second biggest household expense with 68% of Asian expats, 66% of Emiratis, 61% of Arab expats and 34% of Western expats saying, rising costs have had a direct impact on their family budgets.

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