Dubai most expensive city for expatriates in GCC
Dubai is the most expensive city in the Gulf Cooperation Council (GCC) for expatriates to live in, having risen to 20th place from 52nd last year, according to a study.business Updated: Jul 08, 2009 09:38 IST
Dubai is the most expensive city in the Gulf Cooperation Council (GCC) for expatriates to live in, having risen to 20th place from 52nd last year, according to a study.
Not far behind, the UAE capital Abu Dhabi has gone up 39 places from 65th to 26th in the ranking, the new Cost of Living Survey from HR consulting firm Mercer has said.
According to the study, the cost of living for expats based elsewhere in the GCC has also risen. Kuwait has moved from 94th to 77th; Manama, Bahrain from 112th to 82nd; Riyadh, Saudi Arabia from 119th to 90th, and Jeddah, the least expensive city has ranked 109th from 126th.
The remaining cities in the GCC however did not fall in the 143 rankings of the study.
Based on the spending habits of expat communities in 143 cities across six continents, the Mercer Cost of Living Survey has measured the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment, which are possibly international brands.
Commenting on the study, Bassam Gazal, who heads the Mercer Survey practice across the Middle East said, “As a direct impact of the economic downturn over the last year, there have been significant fluctuations in most of the world’s currencies.”