A recently issued survey by a firm of International business analysts has shown that the amount of consumer debt in the UAE is rising and is at worrying levels. The figures collected show that as of June 2012, the total household debt in the UAE totaled over AED 418bn (USD 114bn, GBP 75bn), an average of AED 348,650 (USD 95,000, GBP 63,000) of debt per household! I would be surprised if the actual figures were any better a year later.
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