Cost of Living to Fall in UAE Due to Declined Rents, Oil Prices


Inflation in the UAE is set to decline substantially this year, thanks to falling rents, lower oil prices, strengthening dirham against floating currencies and a fading out VAT impact, making the UAE more affordable in 2019, analysts say.

Inflation is widely expected to stay closer to the range of 1 per cent in 2019, substantially declining from over 3 per cent in 2018.

Inflation in the UAE is expected to decline substantially from 3.3 per cent in 2018 to 1 per cent in 2019. (Shutterstock)

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