Both Dubai and Abu Dhabi are now cheaper for expatriates.
Read MoreDubai and Abu Dhabi became more affordable as the cost of living declined due to a drop in oil prices and deflationary pressure.
Read MoreGulf city ranked number 18 out of 50 on global index by Deutsche Bank.
Dubai has higher quality of life when compared to cities such as London, Paris and New York, according to a report by Deutsche Bank.
The city ranked number 18 in the quality of life index, which graded 50 global cities on eight measurements including quality of healthcare, cost of consumer goods and housing affordability, which was measured by the ratio of property price to income.
Read MoreThe UAE has jumped three places to become the seventh most competitive economy in the world in 2018, its best ranking ever, reveals a global study released on Wednesday.
The IMD World Competitiveness Centre's 2018 data showed that the UAE secured No. 1 ranking in 20 indicators and achieved top positions in several others.