Middle East experienced a decrease in inflation in most cities and towns over the past two years, after a few years of relatively high inflation. The proximity of most regional currencies to the dollar to the United States resulted in several currencies regional strengthening against other currencies. The United States Dollar has strengthened the euro by about 21% over the past two years, making imports from Europe in the cheapest region.
Doha (ranked 69 in the world), with an economic growth rate the highest in the world, is the city the most expensive in the Middle East, followed by Abu Dhabi (ranked 73 in the world).
The most important change in the cost of living has been in Dubai (ranked 131 in the world) with an index of the cost of the life of 82.15 (New York = 100), the sixth most expensive city is currently covered in Middle Easthaving already ranked among the most expensive cities in the region. Domestic accommodation, which includes 30% of the expatriate groups of 13 basket based on the standards of spending, in Dubai fallen considerably in the last year, as a result of excess supply, given the impact of financial crises.
Cheapest town examined Middle East (and less expensive in the world) is the Yemen Sanaa (ranked 282 in the world) with an index of cost of the life of 51.76, almost half that of New York which was an indication of the cost of the lives of 100.
Most expensive cities in the Middle East (world ranking in brackets)
1 Qatar Doha (69)
2 Abu Dhabi, United Arab Emirates (73)
3 Israel Jerusalem (76)
4 Bahrain Manama (81)
5. The Saudi Arabia, Riyadh (123)
6 Dubai, United Arab Emirates (131)
7 Lebanon Beirut (138)
8 Kuwait Kuwait City (171)
9 Iran Tehran (172)
10 Syria Damascus (186)
Steven is the main instigator in http://www.xpatulator.com, a website which provides information to cost of living index and calculates what you earn to offset the cost of living, the difficulties and the differences in exchange rates.
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