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  • 12-10-17

    Total spending of Dh712b for UAE residents

    (MENAFN) With a major share going to housing, food and beverages and transportation, UAE residents' expenses are probably to reach a joint Dh712.1 billion this year, Euromonitor International's latest data stated.

    The largest spending of UAE residents is housing with Dh300.3 billion, and then comes food and beverages with Dh103.1 billion and finally transport with Dh93.8 billion.

    Research Analyst at Euromonitor International Rabia Yasmeen said, "Despite at a slow pace, consumer spending in the UAE has improved during 2017 by a growth of nearly one per cent as compared to a slight downfall in growth during previous year. However, over the next five years, we expect consumer expenditure to grow at average rate of two per cent in constant terms".

    And added "Living costs have remained stable as rents continued to soften on average".

    MENAFN1210201700450000ID1095943655

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