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Dubai has fallen sharply in a new list calculating the cost of living in 130 cities around the world.
The World Cost of Living Survey 2012 published by the Economist Intelligence Unit, ranked Dubai in 94th position - a drop of 16 places from last year.
Neighbouring Abu Dhabi, the capital of the UAE, also dropped five places to 91st, the EIU said.
The survey, which looked at the price of more than 400 commodities and goods, ranked Karachi in Pakistan as the cheapest destination globally.
Zurich in Switzerland was named the most expensive place across the world.
The EIU survey showed that three of the four cheapest locations globally - Karachi, Mumbai, Tehran and New Delhi - were from the Indian subcontinent.
Muscat, Oman and Jeddah, Saudi Arabia were also among the least expensive cities in the global list.
The main reason behind low cost of living in the Middle Eastern cities was the use of price controls and the pegging of currencies to the US dollar, the report said.
At the other end of the list, Zurich toppled Tokyo as the world's most expensive city.
The top 10 also included Geneva, Osaka Kobe, Oslo, Paris, Sydney, Melbourne, Singapore and Frankfurt.
The survey compared over 400 individual prices across 160 products and services. They included food, drink, clothing, household supplies and personal care items, home rents, transport, utility bills, private schools, domestic help and recreational costs.
Last July, Mercer's Cost of Living Survey showed that Abu Dubai (67) was ranked the most expensive city in the Gulf region after Dubai fell 26 places to be ranked at number 81 out of 214 cities covered.
Other cities across the GCC were ranked as follows: Riyadh, Saudi Arabia (135), Manama, Bahrain (157), Kuwait City, Kuwait (159), Doha, Qatar (164), Muscat, Oman (184) and Jeddah, Saudi Arabia (185).
It's typical and pretty sad that people here only blame the Saudis. What these people seem to forget is that Indian institutions and contractors are the... more
Monday, 17 June 2013 9:06 AM - narendramodiI am wondering why this article is being published here? it is really useless. anyway, I in certain ways agree with the Mufti. god bless Saudi Arabia more
Tuesday, 18 June 2013 9:27 AM - FaisalThe point?? That's simple, you will have to pay to register/ create the contract, then there will be a processing and admin fee. All helping your child... more
Tuesday, 18 June 2013 9:26 AM - Bobby
@anguilla: Kalba town is part of the Sharjah Emirate.
along with khor fakkan and dibba al hisn.
http://en.wikipedia.org/wiki/Sharjah_%28emirate... more
It's typical and pretty sad that people here only blame the Saudis. What these people seem to forget is that Indian institutions and contractors are the... more
Monday, 17 June 2013 9:06 AM - narendramodiI am wondering why this article is being published here? it is really useless. anyway, I in certain ways agree with the Mufti. god bless Saudi Arabia more
Tuesday, 18 June 2013 9:27 AM - Faisal@ Henry, enough of whining, the host country does not need you, it is your employer that needs your services and you know well enough that you can be made... more
Saturday, 1 June 2013 11:32 AM - ZainOrganizations like HRW, Green peace, ILO, UNHCR are so self serving that it is amazing they still exist! they spend 60/70 percent of their budgets (meant... more
Thursday, 30 May 2013 7:53 PM - NavinIf one wants to visit or live in Bahrain one must abide by the laws. Living without pork is no huge sacrifice. Muslim and Jewish nations subscribe to this... more
Saturday, 25 May 2013 6:05 PM - Jeffrey Kershaw
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