Dubai named as one of the most expensive cities to rent accommodation

Dubai has been named as one of the most expensive cities in the world to rent an apartment. The survey, by human resources consultants ECA International, place the emirate 14th out of 92 cities included.

Hong Kong topped the list, followed by Tokyo, New York, Moscow, Seoul, London, Mumbai, Shanghai, Caracas and Paris.

Rents have risen at an alarming rent in the last few years, leading the government to introduce a 7% rent rise cap earlier this year. Rates are expected to fall though as many of the city’s mega projects reach fruition.