UAE still most costly for living in GCC
he top ten most expensive cities continue to be predominantly led by those located in Europe and Asia
Click here to add Abu Dhabi as an alert
Disable alert for Abu Dhabi,
Click here to add Beirut as an alert
Disable alert for Beirut,
Click here to add Dubai as an alert
Disable alert for Dubai,
Click here to add New York as an alert
Disable alert for New York,
Click here to add Riyadh as an alert
Disable alert for Riyadh
Falling rents has seen Abu Dhabi and Dubai slip to 76 and 94 positions, respectively, but the UAE still ranks highest in GCC.
The region’s ranking in the 2012 Worldwide Cost of Living Survey, produced by Mercer, the leading global HR consultancy says that emirates rank as more expensive to live in for expats than Riyadh, KSA Manama, Bahrain, Kuwait, Qatar, Oman and KSA.
The top ten most expensive cities continue to be predominantly led by those located in Europe and Asia.
The UAE has lost the lead as the most expensive cities in the Middle East, with Beirut moving forward to position 67.
The UAE is nonetheless still the most expensive place to live in the GCC. Governments and firms use the Mercer survey, alike to determine remuneration packages for expatriates across the globe.
Overall, there has not been a significant shift in the positions of cities in the Middle East.
The survey calculates cost of living for 214 cities around the world, comparing costs for over 200 factors in each location including: housing, transport, food, clothing, household goods and entertainment. The base city for comparison has been set as New York City, with currencies measured against the US dollar.
- Will terror attacks damper Arabs' appetite for European holidays?
- So cool it's hot: Saudi Arabia's $3.2B HVACR market driven by construction boom
- US, EU protectionist policies may be a blessing in disguise for GCC suppliers
- Dubai to Doha: How far can you stretch your dirham?
- OPEC's poor history of compliance will make production cut deal a challenge