Rents on the rise
Oh hooray! Not. While we’re all very happy that the UAE’s economy is officially in recovery and growing like toddler, we’re not so pleased about the fact that rents are predicted to rise this year by – wait for it – a painful 35%! That’s not good news for those struggling to save and who are renting. People who bought in the housing slump should be clapping their hands now though, as their properties are gaining value at almost the same rate as in the good old days. If your salary hasn’t matched the upturn (most of them haven’t) it’s time to tighten that belt again. Read more here.