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Dana El Baltaji Kipp Report
Hooked on property - Expat - Property - Real Estate - UAE - Bahrain

Expatriates in Bahrain and the UAE still considering investing in property, says Zurich

Expatriates living in Bahrain and the UAE are still keen on buying property in the two nations, in spite of the impact the world economic crisis has had on both markets, according to a survey conducted by Zurich International Life, an offshore insurance firm.

The study shows that 72 percent of expatriates in Bahrain, and 48 percent (up 20 percent from last year) in the UAE would spend any excess income on property, although 50 percent of respondents claim the price of properties in the region are too expensive to buy.

“We appreciate that the UAE has taken by far the greatest economic hit in the region, but Bahrain is looking quite healthy,” Carlos Sabugueiro, CEO of Zurich International Life, Middle East and Africa.


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