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Dubai DED Consumer Survey Shows 75% Optimistic About Personal Finances

Middle East : 09 October 2011

Source: Emirates 24|7

55 per cent see positive improvement in next 12 months

A majority of consumers in Dubai are optimistic about the improvement of their personal financial condition during the next 12 months, according to preliminary results of a government survey for the Consumer Confidence Index in Dubai, conducted by the Department of Economic Development.

According to the poll 75 per cent of the respondents said they are optimistic about the future, while 55 per cent said they would positively improve their status during the next 12 months, according to an Al Bayan report.

The survey took a sample size of 500, which covered different areas of Dubai.

Women and employees of the government sector felt that there are better opportunities to get a job and improve their finances.

Western expatriates and Asians also showed a positive sense of improvement of the economic situation.

Also, according to the survey, 44 per cent of consumers tend to save more now.

Omar Bushehab, Executive Director, Trade and Consumer Protection, Department of Economic Development, said that such data will be used in future to measure the index of consumer confidence which will be introduced during the last quarter of this year.

Bushehab added, “Job security and higher utility charges and the political and economic situation in other Arab countries, are the top consumer concerns in this time and over the next 12 months.

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