EAU, Rafale is too expensive

UAE president Cheikh Khalifa meets French President (AFP)

"It is a matter of price". This is what French President Francois Hollande said regarding a possible Rafale sell to the UAE.
Hollande was in the country today to meet UAE authorities and discuss about the ongoing crisis in Mali as well as possible commercial deals.

In other words the UAE would still be interested in the French fighter jet and its technology, but reject the price asked by Dassault. In the meatime they are also considering the Eurofighter and the F/A-18E as possible alternatives.

Source Reuters