Cost of Living :: GulfTalent news release

Quote:

Monday 4 December 2006, 10:59 GMT

Dubai's Appeal Continues Despite Rising Costs, Study Reports

DUBAI, United Arab Emirates, December 4 /PRNewswire/ --

- Spiralling Living Costs in the UAE Fail to Deter Inflow of Expats

Despite high inflation and the lowest savings rate in the region, the UAE remains the most popular Gulf destination for expatriates, according to the latest research released by GulfTalent.com, the Middle East's leading online recruitment firm.

The report entitled "Pay, Inflation and Mobility in the Gulf" analysed cost of living and employment patterns in the Gulf.
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With the economic boom causing staff shortages across the Gulf, the UAE's immense popularity is further straining the availability of expatriate talent for the rest of the region. According to GulfTalent.com's report, employers in Kuwait, Saudi Arabia, Bahrain and Oman have difficulty attracting professionals in sufficient numbers and many are losing existing staff to the UAE.