This won’t shock many, but it’s official – the UAE is the fourth-highest when it comes to global rent prices.
A new survey found that UAE residents spend 39.85% of their wages on rent. Tell us something we don’t know!
The study by UK comparison site money.co.uk. compared rent prices for three-bed properties across 50 destinations.
The most expensive place in the world to rent is Hong Kong where 50% of your wages will go on rent.
You will be pleased to know that Dubai wasn’t the highest in the Middle East, however. That award went to Qatar who came third.
The Middle East is an expensive place to live, however, with Qatar, the UAE, Kuwait and Bahrain all included in the Top 10.
If you are looking to save money and still live in the Middle East, you might want to consider Saudi Arabia. It’s the cheapest country in are for renters, with rent accounting for just 20% of their salary.
Or if you’re a wandering nomad type and want to live in the Mediterranean, Greece is your answer. Rent will account for less than 20% of your salary and you can spend the rest on Moussaka.
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