Nope.
If any of the above paid the same for a based job as they do in the gulf (lets say salary+ housing+ education) it would add up to a reasonably competitive, but by no means first rate, package in todays (pretty dire) market.
Now pay tax (47% in Aus), private health, accommodation, rates, GST ( or VAT or whatever!!) and that grass gets brown real quick.
What a basing offer WOULD do is make it a virtual certainty that I'd work for EK (or whoever) till retirement- get the finances sorted and take the basing some time in the future, when I can afford to take the hit in the hip-pocket.
I'd rather be well paid and living in Australia than well paid and living in Dubai, but just scraping by is no fun anywhere.