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Almost half of expats in UAE plan to buy property

Gulf Times
Almost half of expats in UAE plan to buy property - expats - Property - UAE - Real Estate


Almost half of expatriates living in the UAE plan to buy property in the country, but think that prices are still too high despite the recent slump, according to a survey published yesterday.



A total of 48% of expatriates living in the UAE will spend extra income on property, while 72% of expats living in Bahrain said they would invest, the study by insurance firm Zurich International Life said.
Year on year, this is a 20% rise for the UAE, according to the insurer.
More than 65% of those questioned in Bahrain said they have property as a current investment, compared with 27% of those asked in the UAE.

Source



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