UAE upscale … expansive

Jones, Rhys
April 2006
Middle East;Apr2006, Issue 366, p38
The article reports on a recently released Economist Intelligence Unit Worldwide Cost of Living Survey which reveals that Dubai, United Arab Emirates (UAE) is the seventy-first most expensive city in the world. Among the factors driving the cost of living through the roof in the self-styled jewel of the Gulf are skyrocketing rental and property prices. With the number of residents rising by around 6 per cent a year, current demand for accommodation in the UAE far outweighs supply and has resulted in spiralling rents.


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