{"id":2513,"date":"2018-06-26T13:56:38","date_gmt":"2018-06-26T13:56:38","guid":{"rendered":"https:\/\/lovin.co\/abudhabi\/en\/dubais-cost-of-living-ranking\/"},"modified":"2018-06-26T13:56:38","modified_gmt":"2018-06-26T13:56:38","slug":"dubais-cost-of-living-ranking","status":"publish","type":"post","link":"https:\/\/lovin.co\/abudhabi\/en\/news\/dubais-cost-of-living-ranking\/","title":{"rendered":"Dubai’s Cost Of Living Ranking Has DROPPED Seven Places This Year"},"content":{"rendered":"
Dubai has dropped on a cost of living index for 2018, from 19th place, down to 26th.<\/p>\n
The study, by global consultancy company, Mercer, analysed a number of factors including renting.<\/p>\n
Dubai was top of the list for the Middle East, but topped out by cities including (from one-six): Hong Kong, Tokyo, Zurich, Singapore, Seoul and Luanda in Angola.<\/p>\n
He says: “When I look at the list, particularly cities that are higher such as Hong Kong, Tokyo, Singapore and New York \u2013 these are all in typically stable markets with stable and strong currencies and some of those currencies have changed relative to the dirham in the last year. So that\u2019s why Dubai and Abu Dhabi have moved down.\u201d<\/p>\n
And Thissen says that the cost of living has not necessarily dropped in the UAE.<\/p>\n
He says: \u201cThe cost of living is not going down here, it\u2019s only going down when you compare to other cities.”<\/p>\n
Compared to London – US$4,335 and New York – US$5,700.<\/p>\n
Followed by:<\/p>\n