Of those polled almost 40% spend less than 20% of their monthly income on rent, while only 8% spend more than half of their monthly salary on accommodation. In addition, close to 70% of those taking part in the survey said their maintenance costs were included in their rental fees.
"The propertyfinder.ae poll has revealed some interesting and contradictory statistics from the end user participants. While 35% of those polled claim to be satisfied with their accommodation, more than half (56%) will be looking to move in the next six months. This could be due to the anticipated rental increases coming into effect in January,"
said Michael Lahyani, CEO of propertyfinder.ae.
"There is a noticeable lack of fundamental information regarding issues affecting end users' decision making. We hope to address this with a series of market relevant surveys throughout the year which will help to build up valuable industry insights," added Lahyani.
The first in a series of surveys to be conducted by the leading real estate portal, UAE residents were polled on a variety of housing related topics ranging from satisfaction levels and to percentage of salary spent on accommodation. To see the full survey results visit: www.propertyfinder.ae.
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Posted by Ehab Al-Abbadi
