Financial confidence on rise for UAE residents: Survey


UAE residents are apparently feeling more positive about their finances compared to a year ago.

That’s according to the comparison site yallacompare’s latest Consumer Confidence Tracker, which indicates people are remitting money more regularly and paying off debts.

The proportion of respondents sending money home regularly grew to 87.5 per cent in Q1 2019, while those saying they have more credit card debt than a year ago fell 18.2 per cent.

The study also shows a 38 per cent drop in the number of residents feeling less confident about their financial health.

However, more than half of respondents said they are saving less than they were 12 months ago.

The survey polled more than 1,000 UAE residents on the state of their finances and attitudes towards work.

More from Business

Coming Up on Dubai Eye

  • The Agenda with Tom Urquhart

    10:00am - 1:00pm

    Your chance to have your say and debate the issues you love or loathe. It’s the chance to set The Agenda on the big topics of the day.

  • The Music Mix

    1:00pm - 2:00pm

    Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need

On Dubai Eye

  • Pets & Vets Live

    To celebrate World Pet Day on Friday 4th October, Dubai Eye 103.8 and The Dubai Pet Shop brings you Pets and Vets Live.

  • Make amazing Hummus on Farmer's Kitchen

    This week's episode is all about grazing and sharing and we create 3 incredible dishes with Chef Andre Gerschel.