Dubai Ranked As One Of The Most Expensive Cities In The World For Expats

It is official! Dubai is now the 18th most expensive city in the world for expats. Global consultancy Mercer has shared the list of the most expensive and cheapest cities in the world. According to Mercer’s Cost of Living City Ranking for 2023, Dubai has bagged the 18th spot, while Abu Dhabi comes at the 43rd position. Whereas Hong Kong, Singapore and Zurich rank in the top three and Geneva, Basel and Bern rank fourth, fifth and seventh, respectively. Read on to know more.

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Dubai Is The Second Most Expensive City For Expats In The Middle East

The survey compared the prices of 200 goods and products in more than 400 cities, and the list was made based on factors like- fuel prices, bread prices, utilities, food, domestic supplies and entertainment. Israel’s Tel Aviv became the most expensive city in the Middle East by bagging the eighth spot on the list. Copenhagen and Nassau in the Bahamas rounded the top 10, ranking ninth and 10th. Dubai climbed 13 places on the list, making it the most expensive city in Middle East North African (MENA) region, Abu Dhabi rose to 18 positions and bagged the 43rd spot. Riyadh bagged the 85th position, Manama took the 98th spot, and Jeddah climbed 10 places to 101st.

Muscat and Kuwait made it to the list with 130th and 131st positions. Whereas, Istanbul with the highest price increase for bread and gasoline, rose 37 places to 185th place. Asian cities like Shanghai, Beijing, Seoul, Tokyo and Shenzhen, and American cities like Los Angeles, San Francisco and Honolulu made it to the top 20 list.

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Islamabad Bags The Spot For Cheapest City For Expats

Furthermore, the report highlighted that with the recent introduction of aggressive national monetary policies and the tightening of global financial conditions, along with the escalation of the Russia-Ukraine crisis, many economies are likely to see slower income growth this year along with Debt and rising unemployment.

When it comes to cheapest cities, Mercer’s cheapest city list is topped by Islamabad. Karachi bagged the second position followed by Havana in Cuba, Bishkek in Kyrgyzstan and Dushanbe in Tajikistan.