Although the latest Consumer Confidence Survey conducted by the Department of Economic Development (DED) shows general positive consumer sentiment, it also indicates that most of Dubai’s residents are worried about the rising cost of living. The increasing rents are becoming a main reason for residents’ concerns, despite the overall stable consumer confidence. Read more
EuroCost International published its cost of living ranking report. The study is based on expat living costs in the biggest and most popular global cities.
There are almost no changes in the first three positions on the list since the last year. Tokyo (Japan) continues to be the priciest cities for expats. Right after it comes Angola’s capital Luanda. This year, it has managed to push Moscow down on the list. The capital of Russia is no longer the second most expensive expat city. Now it has dropped with one position to number 3. Read more
Tokyo in Japan is the world’s most expensive city for expatriates; Karachi is the cheapest
Most European cities drop in the ranking; Australian and New Zealand cities surge
London drops 7 places to rank 25
Tokyo is the world’s most expensive city for expatriates, pushing Luanda, Angola, down to second position, according to Mercer’s latest Cost of Living Survey. Osaka is in third position, up three places from last year, whereas Moscow remains in fourth and Geneva in fifth positions. Singapore and Zurich share sixth place, up two and one places respectively since 2011. Ndjamena, Chad, drops five places, but Hong Kong retains its ninth place. Read more
Rents in Dubai remain relatively unchanged
The only people in Dubai who don’t know that the cost of living is on the rise again are young children. Everyone else knows just how much everything – food, utilities, entertainment and leisure – has increased. It all ties in together, because you can’t have rising oil prices without it affecting the food prices, you can’t have higher food costs without it affecting the restaurant and coffee shops bills. It is like a domino effect that ends somewhere that’s kind of scary for a lot of Dubai residents.