image description
image description
Tell A Friend

FinancialNews


  • 02-03-17

    Housing expenditures in UAE reach USD75.4bn in 2016

    (MENAFN) The UAE consumers spent almost USD75.8bn on housing last year, which is twice the project cost of Dubai's Business Bay.

    In addition, the accommodation, spend, which also comprises housing maintenance, repair and utility costs, contains half 41pct of consumer's whole spending.

    Meanwhile, with the UAE population estimated to be at 9.2mn in 2015, each person in the UAE spends a little over Dh30.000 a year on rent.

    However, the cost of renting apartments and villas in some parts of the country, especially Dubai, has been on a decline as a result of dampened demand amid low oil prices.

    MENAFN0203201700450000ID1095282458

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved