More UAE consumers feeling financially secure


Consumer confidence in the UAE has continued to hold steady following recent improvements in financial outlooks among residents.

That's according to yallacompare's Consumer Confidence Tracker for the first quarter of this year, which found that more than half of respondents feel that they'll be able to get by financially, compared to just 40 per cent a year ago.

Meanwhile, the number of people who say they're struggling with VAT has dropped to 15 per cent, with 3 in 10 now saying they're unaffected by the 5 per cent tax that was brought in at the start of last year.

However, a quarter say they're more likely to leave the Emirates because of their financial situation - although that figure is down from the 34 per cent that felt that way in the first quarter of 2018.

More from Local News