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

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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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