It seems UAE residents still aren’t benefiting from a drop in property prices.
A new survey from yallacompare has found that seven in ten tenants still pay the same or more than last year.
The findings come despite reports showing a 5 per cent drop in Dubai apartment rates in the first half of this year.
The report found that close to 10 per cent of respondents are actually paying up to 20 per cent more than in 2018.
Aviation sector contributes $4.1 trillion to global economy
The UAE's Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA), on Monday emphasised the aviation sector's critical role in the global economy, noting that it accounts for 12 to 13 per cent of GDP in some countries and supports millions of jobs worldwide.
Paris AI summit draws world leaders
World leaders and technology executives are convening in Paris on Monday to discuss how to safely embrace artificial intelligence at a time of mounting resistance to red tape that businesses say stifles innovation.
16% growth in new economic licences in Abu Dhabi during 2024
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DEWA updates billing on water consumption
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UAE, Japan to complete CEPA by end of year
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