Expats bear brunt of housing inflation
by This email address is being protected from spam bots, you need Javascript enabled to view it on Tuesday, 24 June 2008
Expatriates in Abu Dhabi are bearing the brunt of higher rental costs with new government data revealing they pay a higher proportion of their incomes on housing than nationals.
Emiratis spend just 28 percent of their income on housing while expats spend 41 percent on rent and utilities, UAE daily The National reported on Tuesday.
The housing expenditure survey by the Abu Dhabi Department of Planning and Economy revealed income earned by Emiratis accounted for 51 percent of Abu Dhabi’s total earnings of $14.5 billion, even though Emiratis made up only 22 percent of the emirate’s workforce, the newspaper said.
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