More than half of people living in the UAE for more than three years aren’t considering buying a home in the country. That’s according to a survey by compareitforme.com, a finance comparison site, which says 67% of residents polled don’t own a property in the region. 76% of them want to buy, but say house prices in the country are too high. 54% of respondents also prefer renting to owning a unit in the emirates, saying they’re not sure how long they’ll stay in the Middle East. The report says UAE banks are offering mortgages to more people. Figures from the Dubai Land Department indicate a rise in the number of mortgages in 2014.
Two convicted in Al Ain for assaulting a petrol station employee
Abu Dhabi records first-ever Olive Ridley turtle nest
National University of Dubai appoints inaugural President
UAE takes action over social media post insulting Emirati women
Sheikh Abdullah congratulates Colombian FM on appointment
