United Arab Emirates Housing: Availability up, prices down, VAT introduced

    Jul 09, 2018 @ 07:28 AM / by Amber Chan

     Abu Dhabi as seen during an AIRINC cost of living survey.

    Abu Dhabi and Dubai Rental Markets

    In Abu Dhabi, limited economic growth has led to job cuts and fewer opportunities for incoming expatriates. Rents are dropping as new housing supply increases. The decrease in rents was most prominent for mid- to high-quality properties. New supply has been more regulated than before in Abu Dhabi, and the result has been less development. In Dubai, supply continues to increase, and expatriates are arriving with lower budgets and smaller family sizes. Vacancy rates are increasing, and rental negotiation is more common. A 5% VAT, implemented at the beginning of 2018, is applied to hotels and serviced apartments but not to long-term rentals.

     


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    AIRINC's Data Points: Your Global Mobility News

    Want to learn more?  The above excerpt is taken from Data Points, AIRINC's quarterly newsletter. Data Points brings you the latest updates from our Housing, Goods & Services, and Tax departments based on our expert international surveys, which are conducted by our global data collection team on-location.

    This quarter's cost-of-living surveys were conducted primarily in North America, Central and South America, the Middle East, Africa, and maritime Southeast Asia-Pacific.

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    Topics: Goods & Services, Data Points, Insights and Experience, Algiers, Algeria

    Amber Chan

    Written by Amber Chan

    Born in Malaysia and educated in Hong Kong, Amber holds a Bachelor of Accounting and Finance from the University of Hong Kong. She is fluent in English, Mandarin, Cantonese, and Bahasa Malaysia. Amber joined AIRINC in 2017 and began as a cost-of-living surveyor. With the familiarity of data collection process, she then moved to the Analysis and Delivery team to facilitate client data projects and production. In her current role as a Client Engagement Manager, she has been serving clients across APAC, and is the client engagement lead for clients in Malaysia, Japan and Korea. Prior to joining AIRINC, she worked at PwC’s China Corporate Tax, providing tax compliance and consulting service to corporates in China and Hong Kong.