Has the UAE really become more expensive to live in?
VAT has been introduced in 2018 and the effects of it are becoming clear now. It is time to see if the UAE has become more expensive and if so, how much more?
According to the National Bureau of Statistics in the UAE inflation has gone up January with 4.8%, February with 4.5% and March with 3.4%. At the same time in Dubai according to the Dubai Statistics center the inflation has gone up in January with 2.04%, but in February it went down with -0.14% and March -0.34%.
The UAE is getting more expensive, however Dubai has a negative inflation rate in February and March. Which means that prices are going down in Dubai. The largest contributors to the negative inflation rate in Dubai is the housing rental market, food and beverages and transport.
Looking at the data, it is a good time to start living in Dubai. Prices elsewhere in the UAE are going up quite drastically, but not in Dubai.
What do you think about the inflation in the UAE?
Posted on Sun, May 13, 2018
by Simon Snelder filed under