A global survey revealed Beirut is the most expensive Middle Eastern city to live in, moving up eight notches to number 67.
The Middle East witnessed its ranking falling in Mercer’s 2012 Worldwide Cost of Living Survey as rental prices dropped in the region due to unrest and uncertainty.
Mercer’s survey compares compares the price of more than 200 factors in each of the 214 global cities, including housing, transport, food and clothing costs.
Abu Dhabi, the most expensive city in the region in last year’s survey, is the 76th most expensive city in the world to live in this year, which is down from 67 last year. The cost of living in Dubai has also fallen, with the city ranking 94th overall this year compared with 81 last year.
The survey disclosed that the UAE is still the most expensive place to live in the GCC. It also noted that several other factors that range from slower increase in the prices of goods and services to lower accommodation costs across the UAE led to the fall in Abu Dhabi and Dubai’s ranking.
Meanwhile, Tokyo has taken over as the most expensive city in the world for expatriates, displacing Luanda, Angola, which dropped to second place. Further, the top ten most expensive cities continue to be predominantly led by those located in Europe and Asia.
The top 5 most expensive cities in the Middle East for 2012 are: Beirut, Lebanon; Abu Dhabi, UAE; Dubai, UAE; Amman, Jordan; Riyadh, Saudi Arabia