Ever wondered where your wallet might feel the pinch the most? According to Mercer’s latest survey, Dubai and Tel Aviv are standing tall (and pricey) as two of the world’s most expensive cities for expatriates. Released just recently, the survey ranks 226 cities worldwide based on the cost of living for international workers, shedding light on where your money might disappear.
The Costly Cities Of The Middle East: Dubai and Tel Aviv
In the Middle East, Dubai has clinched the title of the region’s most expensive city for expats, jumping three spots to 15th place globally. Meanwhile, Tel Aviv slipped down to 16th globally, maintaining its status as Israel’s priciest urban hub. This shift reflects a broader trend of rising living costs across major cities in the region, influenced by factors ranging from inflation to local economic conditions.
Regional Rankings & Insights From The Middle East
- Dubai, UAE at 15th
- Tel Aviv, Israel at 16th
- Abu Dhabi, UAE at 43rd
- Riyadh, Saudi Arabia at 90th
- Jeddah, Saudi Arabia at 97th
- Amman, Jordan at 108th
- Manama, Bahrain at 110th
- Kuwait City, Kuwait at 119th
- Doha, Qatar at 121st
- Muscat, Oman at 122nd
- Istanbul, Turkey at 130th
- Limassol, Cyprus at 163rd
- Cairo, Egypt at 168th
- Ankara, Turkey at 208th
Beyond Dubai and Tel Aviv, Mercer’s report unveils a spectrum of costs across the Middle East and North Africa. Abu Dhabi follows at 43rd place, underlining the UAE’s robust but pricey lifestyle. Saudi Arabia’s Riyadh and Jeddah hold positions at 90th and 97th, respectively, while Istanbul in Turkey sits at 130th, navigating its own economic challenges amidst fluctuating inflation rates.
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Local Insights And Economic Realities
As Dubai and Tel Aviv cement their positions among the world’s priciest cities, expatriates and locals alike navigate a landscape where the cost of living reflects broader economic trends and local dynamics. Whether it’s soaring millionaire populations or the impact of global economic volatility, these cities offer a glimpse into the intricate tapestry of urban economies in the Middle East and beyond. Stay tuned as economic landscapes continue to evolve, shaping the financial realities of expatriate life in these vibrant global hubs.
Cover Image Courtesy: Canva Stock Images
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