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Dubai rental costs up 40%
- United Arab Emirates: Tuesday, November 08 - 2005 at 09:03
Rental increases of 40% in Dubai in the first half of 2005 are responsible for soaring UAE consumer price inflation which will be 15-20%, according to the National Bank of Dubai's latest report. The current sharp increase in rentals, which form the single largest constituent of the CPI at 36.1%, raises considerable fears over the exact market rate of inflation, it added.
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Peter J. CooperTuesday, November 08 - 2005 at 09:03 UAE local time (GMT+4)
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