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Dubai ranked most expensive city in Middle East

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According to a new UBS Prices and Earnings study, Dubai housing costs are the fourth most expensive in the world – and the highest in the Middle East. Apparently the top four (which includes Zurich, Geneva and New York City) are the only cities in the study where the average monthly rental of a three-bed (unfurnished!) apartment is above $3,000.

This comes as little surprise to us at ShortList HQ – we’ve been marvelling over images of these expensive rentals, where you can pick up a place for around AED1 million.

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