Chart: Why You Won't Buy a UAE Property

There are multiple reasons why UAE residents are not splurging the cash on a new property, but key amongst them is the sense of risk. Affordability and value are no longer the primary concerns.
This article is part of an editorial series on Happiness Survey 2019
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This article is part of an editorial series on Happiness Survey 2019

 

Caption: Cost is no longer the top reason you're not interested in buying a property, with "Risk" overtaking it. 12.47% of respondents are held back by the fact that there is no permanent residency tied to property ownership, and 8.9% of respondents are concerned whether there are adequate legal protections. What is clearly much less of a concern is value for money. It was chosen by only 6.61% of respondents as a reason why not to buy. Given the fall in house prices across the UAE, this is perhaps not so much of a surprise.

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