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.

Subscribe to our news

Latest Availability
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

Up to 2 days

Signing of the lease agreement

Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

1 Week

Registration of the contract of purchase / sale

Customer charges:

  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration

Additional services:

Property management

Sales Process

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

1 Week

Registration of the contract of purchase / sale

Expenses of the investor:

  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration

Additional services:

Property management