The bank’s ‘Mapping the World’s Prices’ 2019 report shows Dubai offers an average monthly salary estimated at Dh10,487 to employees in 2019. The emirate is 11th in the list of the best city for disposable income after rent.
It ranks 17th overall in its Quality of Life index in 2019 – jumped one place – other regional cities like Riyadh ranks 26th and Cairo ranks 49th. On the other hand, Dubai is among the most expensive cities in the world for internet, the report said.
The top city on the survey’s quality of life index – which takes into account the cost of living, healthcare, pollution, and climate – is Zurich, followed by Wellington and Copenhagen.
In 2019, Dubai is seen as a cheaper place to rent, according to the survey. However, increase costs in other areas meant that the average disposable income enjoyed by a typical couple after rent payments actually fell. Dubai property and rental markets fell down four places with average monthly rental costs for a two-bedroom apartment at $1,576, down 13 percent in 2018.
The “rapid growth of the US tech sector” made San Francisco’s emergence as the top city for the highest salaries and disposable income. The shift can also be attributed to the surge of the dollar since the survey started in 2012.
The index presented that for those who are budget-conscious, it’s advisable to avoid places like Milan. While those who are heading to the Italian city on a weekend can expect to spend $2,705 there, the most expensive in the world, it costs $1,325 to spend a weekend in Dubai, cheaper than in 24 other cities like Singapore, Rome, Cairo, and New York. With five-star hotels with a view, estimated at $339 per night, Dubai is considered one of the cheapest getaways. The cheapest place to go for a weekend is Turkey, which can set a visitor back just $711.