Currency +/- Value in United Arab Emirates compared to Middle East
|Saudi Arabia||$ 0.38|
United Arab Emirates: Currency +/- valuation index
This is a cost of living indicator. The figure shows how much how much a bundle of goods and services costing US$1 in the US would cost in other countries (similar to The Economist's Big Mac Index).
To arrive at the figure, the Global Property Guide takes the difference between the IMF's nominal GDP figures, and their purchasing power parity GDP figures for the latest year available.
Note that currency undervaluation (as measured by PPP) is not a good predictor of future currency movements.
These cost of living indicators refer to data collected annually (for date of collection, see Data FAQ )
Source: calculated using figures from the IMF World Economic Outlook Database
The United Arab Emirates does not publish house price statistics. Colliers International publishes a quarterly Dubai house price index and REIDIN has a monthly Dubai house sales price index. General economics statistics are available from the Central Bank of United Arab Emirates.