Sunday 27 September 2015

Dubai housing squeeze pushes middle-income expats out to the suburbs | GulfNews.com

Dubai housing squeeze pushes middle-income expats out to the suburbs | GulfNews.com:

"While Dubai continues to pump out 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 global 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.

Investment bankers, lawyers and top managers at multinationals may enjoy seven-figure salaries but other expats — from architects, accountants and IT managers to legal secretaries and HR executives — are often on household incomes of 10,000-30,000 UAE dirhams ($2,720-$8,170) a month, says property consultants JLL."



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