WAM A new ranking of the world’s most expensive cities for expats has placed Dubai and Abu Dhabi out of the Top 20.
The survey, conducted by ECA International in March 2022, shows that both cities have, however, risen up the list with Abu Dhabi up six places to 22nd and Dubai moving eight spots from 31st to 23rd now.
Hong Kong retains its spot at number one as the world’s most expensive city to live in as a foreign worker, while New York moves further up the rankings, overtaking Geneva to secure second place. London jumps up one place in the top 20, overtaking Tokyo to become 4th.
Lee Quane, Regional Director for Asia at ECA International, joined Dubai Eye 103.8’s Business Breakfast and explained how the rankings are compiled.
A range of goods and services from nearly 500 locations in 207 cities found in 120 countries across the world are researched in order to construct the league table. Lee Quane explained how they weigh that basket to ensure the impact of costs in each locale are reflected effectively.
The weighting of the basket of goods and services ECA International looks at goes a long way to explaining why Dubai and Abu Dhabi are not as high up the table as some people living in the UAE might expect.
ECA International carries out a survey on the cost of living in 207 cities worldwide to produce rankings every six months. Lee Quane said that this year’s global spike in inflation has impacted many of the areas they research. Fuel is one of the major contributing factors to the rising cost of living. Escalated by the war in Ukraine, petrol prices have risen in all ranked locations.
With inflation affecting many of the cities they’ve studied, Lee Quane explained that other factors have also helped to push Dubai and Abu Dhabi up the charts.
More from Local News
-
UAE daily COVID numbers cross 1,000 mark
The UAE crossed the 1,000-mark for daily COVID cases on Thursday, with the Ministry of Health reporting 1,031 cases over the last 24 hours.
-
Safety drive launched following 2 Dubai e-scooter deaths
At least two people were killed and 19 received moderate to serious injuries in e-scooter accidents in Dubai last year, according to figures revealed by Dubai Police.
-
UAE announces midday break for workers
The UAE’s annual midday break for outdoor workers will run from June 15 to September 15.
-
UAE Cabinet renews focus on national development
The UAE Cabinet has asked all ministries and federal departments to submit their development proposals in the next 50 days.
-
Driver alert: Temporary road closure in Sharjah
Sharjah Police have announced the temporary closure of the new Khor Fakkan Road on Thursday.
-
Indian expat turns millionaire in lucky draw
An Indian national based in Abu Dhabi is the latest US$1 million winner in the Dubai Duty Free Millennium Millionaire draw.
-
UAE sends aid plane to South Africa
The UAE has dispatched a plane carrying 50 tonnes of aid to South Africa.
-
867 new COVID-19 cases in UAE
The UAE has reported 867 new cases of COVID-19, the highest daily cases in 16 weeks.
-
UAE condemns killing of two Egyptian peacekeepers in Mali
The UAE has strongly condemned the terrorist attack against a UN peacekeeping mission in Mali, which resulted in the death of two and injury of one member of the Egyptian peacekeeping forces.
-
UAE President, Vice President swear in ministers
The UAE’s new education ministers have been sworn-in, in a ceremony in Abu Dhabi presided over by President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE and Ruler of Dubai.
-
UAE announces new Monkeypox cases, recoveries
The UAE has confirmed five new cases of Monkeypox while two patients have recovered.
-
School fee comparison made easier in Dubai
Parents will now have access to all fee-related information for private schools in Dubai through the School Fees Fact Sheet.
-
‘Dubai Can’ cuts usage of 1 million plastic bottles
The ‘Dubai Can’ sustainability campaign has helped reduce the use of more than 1 million 500 ml single-use plastic water bottles, since its launch in February.
-
Air taxis to fly Dubai tourists from The Palm
Air taxis could soon take to Dubai’s skies, thanks to a new agreement aimed at introducing electric vertical take-off and landing (eVTOL) aircraft in the emirate.
-
Gupta brothers arrested in Dubai over money laundering charges
Atul and Rajesh Gupta, who are among South Africa’s “most wanted suspects”, have been arrested in Dubai following a red notice issued by Interpol.
-
Reporting medical malpractices in UAE gets easier
The UAE’s Ministry of Health and Prevention (MoHAP) has called on the public to report any medical malpractices through its smart channels.
-
H.H. Sheikh Mansour establishes National Media Office
His Highness Sheikh Mansour bin Zayed Al Nahyan, the UAE’s Deputy Prime Minister and Minister of Presidential Affairs, has issued a resolution establishing the National Media Office (NMO).
-
572 new COVID-19 cases in UAE
The UAE has confirmed 572 new cases of COVID-19 from 256,606 tests in the past 24 hours.
-
UAE announces new school model offering free education
The UAE has launched a new model for government schools, which will be run in partnership with the private sector.
-
Hatta hydroelectric plant now 44% complete
The pumped-storage hydroelectric power station being built by Dubai Electricity and Water Authority (DEWA) in Hatta, and the first of its kind in the GCC, is now 44 per cent complete.