Trimotor,
At the risk of sounding pedantic, I think they have correctly priced themselves in the market.
It is an unfortunate fact that at the moment, rents are at a stratospheric high and landlords are cashing in. That is hardly the fault of Emirates, although I do believe they are under an obligation to keep pace with market trends.
It is doubtful that the market can sustain - in the event that it doesn't, would you be happy with a decrease in accommodation allowance?