41 per cent of savers in the UAE are planning to start their savings journey in 2018
Residents across the UAE have expressed their hopes of saving more in 2018, as compared to the previous year, new research by National Bonds Corporation has shown. One of the ways to save money is to stop throwing away your money and rent-to-own your own home. Our latest development Easy18 offers quality living at an affordable price starting at just AED 319,580 and a four-year payment plan. Pay 50% of the price (AED 159,790) before the key handover in May 2019 and the remaining 50% in the next four years. Stop wasting your money on rent and start investing in your home today! Find out more about Easy18 and our Payment plan.
National Bonds Corporation’s 2017 Savings Index found that 57 percent of savers plan to increase their savings in this year, compared to 64 percent in 2017. In addition, 41 per cent of savers in the UAE are planning to start their savings journey in 2018. The data also showed that 85 per cent of respondents still feel that they are still not saving enough for their future.
Despite this, the UAE also saw an increase in the number of respondents who feel that they are saving enough, which is four per cent higher than in 2016.
“While it is not surprising to see that residents in the UAE are not saving as much as they believe they should, it is interesting to see the disconnect between the intent to save and the numbers of people saving year-on-year,” said Mohammed Qasim Al-Ali, CEO of National Bonds Corporation.
“The UAE has the largest portion of regular savers in the GCC and I am confident that we will continue to lead the way in this area if we keep striving to raise awareness of the importance of saving. If people realise the key role which savings plays in securing a happy future, everything else would fall in its place,” he added.
At TownX we believe that everyone deserves a decent place to call home where unforgettable memories will be made and you will relax at the end of every workday!
Interestingly, 68 percent of those surveyed in the UAE claimed their financial stability contributes their overall happiness. When pushed on why respondents felt it was a good time to save, 43 percent of UAE residents cited better investment opportunities, a 36 percent increase from 2016.
Easy18 offers a great investment opportunity with property prices starting from AED 159,790. Our residents enjoy a freedom to rent out their apartments to help pay the remaining amount over the period of four years! Find out more about Easy18 and our Payment plan.
“The IMF has predicated global activity will gain momentum in 2018, and with the growth predicted here in the GCC, the savings environment looks set to increase in 2018. The more money people have, the more they should be saving. It is as simple as that,” Al-Ali added.