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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.38+2.7%Nov 10 4:00 PM EST

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To: Riskmgmt who wrote (22084)11/6/2007 1:44:30 AM
From: elmatador  Read Replies (1) of 217670
 
You owe me a beer: "And thanks to you I didn't buy any Dubai properties and I sleep good at nights. :}"

Dubai Inflation May Push 66% of Residents Out, Gulf News Says

By Tarek Al-Issawi

Nov. 6 (Bloomberg) -- The rising cost of living in Dubai, most notably in rent, is causing two thirds of its residents to consider leaving the emirate, Gulf News reported, citing a Gulf News-YouGov survey.

The outlook for 2008 shows little respite as eight in ten respondents in the survey expect their landlords to raise their rents next year, the Gulf News-YouGov survey shows.

To contact the reporter on this story: Tarek Al-Issawi in Dubai at talissawi@bloomberg.net

Last Updated: November 5, 2007 23:46 EST
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