Residents to enjoy better quality of life in 2023, UAE
The quality of life of UAE residents has 'massively improved', based on the latest data released for 2023. The spike is particularly seen in factors like purchasing power, safety, and healthcare.
Data released by Numbeo, a provider of global databases for consumer prices and quality of life, showed a big jump in Abu Dhabi and Dubai’s global ranking this year.
The UAE Capital’s ranking improved from 84 in 2022 to 24 this year, while the Dubai vaulted from 95 last year to 49 this year on the quality-of-life index.
Regionally, Abu Dhabi was ranked the top city for quality of life.
The purchasing power of residents of the two emirates improved substantially in the past 12 months. This comes as the cost of living dropped as a result of the strengthening of the UAE dirham against foreign currencies. Inflation is also low compared to other countries around the world.
Reaching 5.5% in the first nine months of 2022, inflation in the country was one of the lowest in the world last year.
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