The week in money

Home insurance, ride discounts, bond benefits and offers on new homes.

9%

Only 9 per cent of UAE residents have home insurance, a new survey from ServiceMarket and Qatar Insurance revealed this week. The online survey of 1,500 residents also found that among those who did have cover, the top reason for purchasing was for peace of mind (44 per cent), while more than a quarter (26 per cent) purchased home insurance because it was mandatory.

Uber discounts with Mastercard

Mastercard cardholders can enjoy 20 per cent discounts on Uber rides in the UAE until the end of the year. Customers will instantly receive the discount when paying for their journeys with a Mastercard debit or credit card.

National Bonds launches wealth management for wealthy customers

Wealthy customers at the Sharia-compliant savings and investment company National Bonds can now benefit from its new Prestige programme. Under the scheme, three categories – gold, silver and bronze – will provide special services such as free financial planning, a relationship manager for Islamic financial transactions, priority in property sales invested by the company and greater opportunities to win in draws. The programme will benefit the more than 11,000 such customers in the company’s 817,000-member client base.

“We expect inflation could hit 3 per cent next year against a backdrop of rising unemployment and weaker wage growth”.

Richard Lim, the chief executive of consultancy Retail Economics, on British inflation hitting its highest rate in more than two years in November

Deals at Deyaar

Developer Deyaar has launched a series of offers on its residential projects Midtown, Mont Rose and Ruby Residence. These include zero down payments on new properties, monthly payments starting at Dh5,000, complimentary furniture worth up to Dh25,000 and full waivers of registration fee, and apply during its sales event on December 17 and 18.

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