Rising to be the Most Expensive City - Dubai is on a run !!!
The Mercer HR consulting report has released Dubai new ranking in the Most Expensive Cities to Live and yes it has done well. Very well for itself and killing for the expat workforce. Dubai rose from 73rd rank last year to 25th this year.
So being positive this is a good thing. The city has undergone huge infrastructure improvement and the with the light rail around the corner the traffic problems will also dissolve. But is it really a big enough market as it portrays to be? The expensive living costs are driving out middle class expat families and ofcourse expensive taxis, food and hotels are curbing the expanding tourism industry.
Well its not all so bleek but the authorities do need to setup regulatory bodies to watch human interests. I am sure the think tanks are constantly finding ways to win people and loyalties but my humble suggestion is that Dubai needs to figure out a way of owning the people who pour their sweat and blood into its foundations. Years and years of service and people get a six month ban stamp, just a point to ponder
posted by bizzwhizz at 11:50 AM
7 Comments:
Nice blog.
And pertinent issues raised.
Someone needs to stop and think real hadr about the state of affairs - being the most expensive city is not something to be happy about.
Dubai needs to figure out a way of owning the people who pour their sweat and blood into its foundations
'Owning' ? Interesting terminology...'rewarding' might be better. But yeah, all those person-years invested in this city and nothing to show for it. Of course, we all knew what we were getting into when we came, although I do have tons of sympathy for expat kids who grew up (and in many cases were born here) - it wasn't their choice to live here!
Incredible that Dubai is so expensive now - possibly I wouldn't mind if I felt I was getting anything back for all the money I pay out, but all Dubai offers is more and bigger shopping malls.
hey...is it possible to get a link of where this report is...was just curious to see all the rankings and which city ranks where. Is it a free to access report or do we have to pay for it..?
Afiq here you go
Most Expensive Cities
whats particularly interesting.. and this is something that i share with you in telaviv as an israeli as well.. is that while our cost of living has sky rocketed.. our ranking on the quality of life scale is not even noted..
so we're paying much much more and not actually getting the goods in return..
this could be because of a lag.. perhaps our governments are investing our fruits in brighter futures.. or are they investing in nicer clothes and wine heheh
what do you think?
;)
No doubt that the way Dubai is progressing, it'd again achieve a superlative distinction in the world - something it is quite well known for, and has been slowed down on lately.
For example:
- first 7 star hotel in the world
- the most awarded airline in the world
- tallest tower in the world
- most massive waterfront development in the world
- first "man-made world" re-created within a city
- (perhaps) highest percapita consumption in the world
- city with the largest number of cranes in the world at any given time, etc. etc.
... and perhaps we're now fast moving towards "highest per-capita purchasing power" in the world, once all the middle and lower income level expats are forced to leave the country because of its spiralling costs!
Lirun: I am not very familiar with Israel's policies but I can take a few guesses.
1)You are a citizen of Israel so whatever you pay in direct or indirect taxes will come back to you in one way or the other.
2)The government would be using all the money to subsadise a lot of things like education, health and general public safety.
3)I would guess if the ranking aren't so high it might have to do with the location of Israel, in middle of a volatile region.
I have heard a lot about high salaries in Israel..
What do u say and what do u think?
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