Jeremiah Jasher Johnraj, marketing manager at a recruitment company in Dubai, breaks it down to specific income brackets and what profession is most likely to fall within each category. It surely takes a whole lot of discipline to be on such a tight budget and live under your means as it is certainly possible to get distracted by the lavish lifestyle that Dubai has to offer. However, there are heroes who have mastered the art of saving despite being within the lower income brackets. Expats within the low income bracket explain their strategies and provide anecdotes in terms of their saving habits!
The increase in mortgage transactions is a very positive sign. It demonstrates more end users are buying, which will help stabilize the market as long-term buyers or investors are displaying confidence to invest in real estate.