The event also spotlighted prominent Indian leaders in various sectors, showcasing their impact on the UAE and India
"For example, education in Dubai for private schools is at least 30 per cent more expensive than Abu Dhabi. This indirectly increases cost of living for people here which can be reduced to some extent," Shah said.
Vrzhovski said due to the strong performance of the greenback, countries with currencies which are pegged to the dollar, have risen in the ranking compared to most of the European cities.
"Many currencies in the Middle East are pegged to the US dollar, which pushed cities up in the ranking, as well as steep increases for expatriate rental accommodations," said Yvonne Traber, global mobility product solutions leader at Mercer.
Globally, eight of the top ten cities in this year's ranking are in Asia due in part to a strong housing market.
Hong Kong remains the most expensive city for expatriates both in Asia and globally as a result of the housing market and currency being pegged to the US dollar, driving up the cost of living locally. This global financial center is followed by Tokyo (2), Singapore (3), Seoul (4), Shanghai (6), and Ashgabat, Turkmenistan (7).
- waheedabbas@khaleejtimes.com
The event also spotlighted prominent Indian leaders in various sectors, showcasing their impact on the UAE and India
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The UAE won 96 gold, 103 silver and 97 bronze medals as they secured their position at the top of the standings