However, according to a聽聽of housing analysts in 2021, property prices in Dubai will remain affordable during that time.
The Middle East is a common goal for expats to live in or to invest in, but property prices can be very high. Doha, for instance, has ranked the top most expensive city last聽year in terms of the cost of rent in the Middle East. The city is just ahead of Dubai, Abu Dhabi and Kuwait, according to the global cost of聽聽Also, according to this report, Tel Aviv, is the city with the most expensive properties in the Middle East. Due to the strength of the national currency against the dollar and increases in prices for transport and groceries (inflation) in the wake of the coronavirus pandemic, Tel Aviv has also been ranked the world's most expensive city to live in globally. The Israeli city overpassed the previous year's joint winners of Paris, Hong Kong and Zurich, according to the authoritative ranking system compiled by the聽
In Doha, on average, a one-bedroom apartment costs QAR 5,804.88 ($1,549) a month. This means that renting a one-bedroom apartment in the capital will cost more than in countries like the Netherlands and Germany but won't overpass Luxembourg ($1,764 per month) and Switzerland ($1613.18 per month). Although the Middle East can have places with expensive housing, Cairo (Egypt), Tunis (Tunisia), Algiers (Algeria), Muscat (Oman) and Riyadh, Saudi Arabia tend to have a聽
High rent prices are positive for expats interested in investing and not for those who plan to live. See the most expensive and the most affordable rents, according to the聽The report compares all cities to New York City, which has been given a base score of 100. This means that the cost of rent in Doha, on average, is equivalent to almost 52 per cent of prices in NYC. In Asia, Doha ranks fifth, coming shortly after Hong Kong (76.21), Singapore (65.82), Nagoya (63.66) and Tel Aviv-Yafo (51.76), according to the index.聽
