Dubai rental cost index jumps 41% making the city the world’s 7th most expensive says Savills « ArabianMoney

Dubai rental cost index jumps 41% making the city the world’s 7th most expensive says Savills « ArabianMoney:



"The new Savills World Cities Live-Work Index reveals that it now costs an average of just under $72,000-a-year per employee to rent residential and office space in Dubai, a thumping 41 per cent increase on a year ago, making the city the world’s seventh most expensive.



However, the survey noted that this surge in rents came from ‘a relatively low base’ and that ‘the high costs in part reflect a particularly generous office space allocation per worker, a product of the city’s previously high-supply, low rent era.’



Hong Kong 1st



Hong Kong is the world’s most expensive city for companies to locate employees, significantly ahead of London and New York, which have been vying for second place over the past two years. Paris completes a list of the top four cities where simply renting living and working space for a single employee costs more than $100,000 a year.

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