Thursday, June 24, 2010

United Arab Emirates, Abu Dhabi Cost of Living April 2010

Country Full Name: United Arab Emirates.

Location: The United Arab Emirates is in the Middle East, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia.

Country Climate: Desert; cooler in eastern mountains.

Country Terrain: Flat, barren coastal plain merging into rolling sand dunes of vast desert wasteland; mountains in east.

Major Languages: Arabic.

Major Religions: Islam.

Country Population: 4.8 million (2008 est.) 4.9 million (2009 est.).

Country Economy: The economy of the United Arab Emirates (UAE) is that of a developing country. The UAE currently has one of the fastest growing economies in the world.

Currency: UAE Dirham (AED).

Country Inflation: 12.3% (2008 est.) 2.5% (2009 est.).

City: Abu Dhabi is the capital of, and the second largest city in the United Arab Emirates.

City Economy: Abu Dhabi houses important offices of the federal government, and is the seat for the United Arab Emirates Government and the home for the Emirati Royal Family. Abu Dhabi has grown to be a cosmopolitan metropolis. One of the world's largest producers of oil, Abu Dhabi has actively attempted to diversify its economy in recent years through investments in financial services and tourism.
Cost of Living: Abu Dhabi has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Abu Dhabi is currently ranked 74 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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