expensive
DOHA: Doha is the second most expensive city in the Arab world, according to a latest study. The USB, one of the world’s leading financial firms, recently released the 14th edition of its ‘Prices and Earnings’ review which has included Doha for the first time in the list of 73 international cities.
Placed in the 39th position in global ratings, Doha is the second most expensive city in the Middle East after Dubai and before Manama. The rating is based on 122 common goods and services. The study looks at the prices of goods and services, and wages and working hours for 14 professionals in 73 cities round the world.
The study reveals that Dubai has surpassed New York and London which were the biggest financial cities in the world. The finical crisis had lead to fluctuation in the rankings of many cities. London which was the second most expensive in the 2006 review plummeted nearly 20 places, landing in the middle of the Western European rankings. Doha is the most expensive city in the world when it comes to a low-class furnished four bedroom flat. With a monthly rent of
$4,210, even posh cities like New York ($4,110) and Dubai ($3,950) come after Doha.
However, in high-class four-bedroom apartments, Dubai is one of the most expensive following New York, Hong Kong and Tokyo. In Dubai, such apartments cost $7,090, whereas in Doha they cost $5,580 and $ 3,400 in Manama.
source peninsula
Placed in the 39th position in global ratings, Doha is the second most expensive city in the Middle East after Dubai and before Manama. The rating is based on 122 common goods and services. The study looks at the prices of goods and services, and wages and working hours for 14 professionals in 73 cities round the world.
The study reveals that Dubai has surpassed New York and London which were the biggest financial cities in the world. The finical crisis had lead to fluctuation in the rankings of many cities. London which was the second most expensive in the 2006 review plummeted nearly 20 places, landing in the middle of the Western European rankings. Doha is the most expensive city in the world when it comes to a low-class furnished four bedroom flat. With a monthly rent of
$4,210, even posh cities like New York ($4,110) and Dubai ($3,950) come after Doha.
However, in high-class four-bedroom apartments, Dubai is one of the most expensive following New York, Hong Kong and Tokyo. In Dubai, such apartments cost $7,090, whereas in Doha they cost $5,580 and $ 3,400 in Manama.
source peninsula
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