How much are you saving every month?

123 RF / Nattapol Sritongcom

A new report suggests that a majority of UAE residents are saving less money than they did a year ago.

The yallacompare survey found that close to 60 per cent of us are saving less now than we did in 2018.

In terms of how much we're putting aside, around half of respondents said they're saving AED 999 a month or less.

Meanwhile, 3 in 10 say they now don't save any money at all on a regular basis.

However, despite the drop, the amount of money that expats in the UAE are sending back home is still holding up.

More from Business

  • Disney settles suit over women's pay for $43 million

    Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs' lawyers said in a statement on Monday.

  • Etihad Airways adds ten new destinations for 2025

    UAE carrier Etihad Airways is set to introduce ten new destinations starting in 2025, expanding its global presence as it brings tens of thousands of new visitors to the capital.

  • Trump pledges new tariffs on Canada, Mexico, China

    US President-elect Donald Trump on Monday pledged a 25 per cent tariff on all products from Mexico and Canada from his first day in office, and an additional 10 per cent tariff on goods from China, citing illegal immigration and the trade of illicit drugs.

  • UAE and Bahrain finalise ICV programmes procedures

    The UAE and Bahrain have finalised the procedures required to implement an MoU, signed last January, that fosters cooperation between the National In-Country Value (ICV) Programme and Bahrain’s Value Programme in Industry, known as Takamul.