Middle-income expats priced out of Dubai luxury
Shortage of affordable homes and reduction in overseas allowances pushing them to less glamorous areas of the city far from the office, or to neighbouring Sharjah
Add BT as a preferred source
Dubai
WHILE Dubai continues to pump out sumptuous new apartment blocks, for a rising number of expatriates, the city no longer offers the luxury lifestyle that lured many foreigners to the Gulf.
A shortage of affordable homes and a reduction in overseas allowances since the financial crisis are pushing foreign staff on middle incomes out to less glamorous areas of the city far from the office, or to neighbouring Sharjah.
TRENDING NOW
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Stocks to watch: Jardine Cycle & Carriage, Creative Technology, CNMC Goldmine
Malaysia’s Genting posts Q2 net loss despite 14% rise in revenue
