What is the Cost of Living in Dubai for Expats in 2021?
|Location||Single person monthly cost without rent|
|Dubai||AED 3,443.97 (USD 937.70)|
|Hong Kong||AED 3,894.00 (USD 1,060.23)|
|London||AED 4,383.96 (USD 1,193.63)|
|New York||AED 4,957 (USD 1,349.65)|
How much do you need to live comfortably in Dubai?
Dubai: Although there are many people who manage to survive with very little money, residents in Dubai need to earn at least Dh4,000 a month in order to lead a decent life, a financial expert says. Compensation and benefits in the UAE vary depending on the industry, company or job role.
Is it cheaper to live in Dubai or England?
Cost of living in Dubai (United Arab Emirates) is 30% cheaper than in London (United Kingdom)
Is Dubai worth living?
Dubai attracts expats from all over the world, with more than 200,000 new arrivals each year. While some may find the cost of accommodations expensive, the large supply of attractive housing units, high salaries and low taxes motivate many people to move to Dubai and live the expat lifestyle.
Is 30K a good salary in Dubai?
30K AED is considered a good salary in Dubai. Some Living expenses are high and some are low in AED. In 30K Aed you can live in a good separate apartment in a good location like Jumeirah, Sheikh Zayed road etc. You can own a Parking and a good car.
Is electricity free in Dubai?
Shaikh Mohammed also gave orders to exempt Emiratis in Dubai from connection charges of electricity to their new houses with a maximum of AED 25000 for each house as well as to give them a free quota of a maximum of 6000 kWh a month for each house.
Is the crime rate high in Dubai?
The crime rate in the United Arab Emirates is relatively low compared to more highly industrialized nations. Incidents of petty crime such as pickpocketing are low. The United States Department of State states: “Crime generally is not a problem for travelers in the UAE.
Is Dubai salary tax-free?
Apart from the high quality of life, the foremost reason for such enthusiasm for Dubai is the fact that Dubai is a tax-free nation. There is no income tax on income generated in Dubai. Also, there is no sales tax on the majority of goods and services.
Is Dubai shopping tax-free?
The UAE introduced a Value-Added Tax (VAT) of 5% in 2018, but tourists can still enjoy tax-free shopping. Refunds are not applicable on anything that has been consumed – fully or partly – in the UAE, as well as goods that are not accompanied by the tourist when leaving the country.
Can females work in Dubai?
Can women work in Dubai? A common misconception that people often have is that women can’t work in Dubai. In fact, the opposite is true; women can work in Dubai and many who do would claim the opportunities are better than many places in the West.
Why you shouldn’t go to Dubai?
Aside from petty crime such as pickpocketing, scams and sexual harassment, person-on-person crime is not much of a concern for tourists in Dubai. Another thing tourists need to remember is that despite Dubai being moderate and open towards Westerners, it is not a democratic society.
What language is mostly spoken in Dubai?
The official language of the United Arab Emirates is Arabic. Modern Standard Arabic is taught in schools, and most native Emiratis speak a dialect of Gulf Arabic that is generally similar to that spoken in surrounding countries.
Cost of Living in Dubai
|Meal, Inexpensive Restaurant||35.00 AED||20.00-75.00|
|Meal for 2 People, Mid-range Restaurant, Three-course||250.00 AED||150.00-600.00|
|McMeal at McDonalds (or Equivalent Combo Meal)||28.00 AED||25.00-33.00|
|Domestic Beer (1 pint draught)||45.00 AED||25.00-60.00|
|Imported Beer (12 oz small bottle)||45.00 AED||35.00-62.93|
|Cappuccino (regular)||18.94 AED||10.00-30.00|
|Coke/Pepsi (12 oz small bottle)||3.92 AED||2.50-10.00|
|Water (12 oz small bottle)||1.70 AED||1.00-5.00|
|Milk (regular), (1 gallon)||22.28 AED||15.14-37.85|
|Loaf of Fresh White Bread (1 lb)||4.09 AED||2.72-9.07|
|Rice (white), (1 lb)||3.09 AED||1.81-5.67|
|Eggs (regular) (12)||9.57 AED||5.60-14.40|
|Local Cheese (1 lb)||15.37 AED||6.80-36.29|
|Chicken Fillets (1 lb)||10.55 AED||4.54-20.41|
|Beef Round (1 lb) (or Equivalent Back Leg Red Meat)||17.66 AED||9.53-31.75|
|Apples (1 lb)||3.69 AED||1.81-4.99|
|Banana (1 lb)||2.79 AED||2.04-5.44|
|Oranges (1 lb)||2.68 AED||1.36-4.54|
|Tomato (1 lb)||2.17 AED||0.91-3.63|
|Potato (1 lb)||1.61 AED||0.91-2.27|
|Onion (1 lb)||1.37 AED||0.91-2.27|
|Lettuce (1 head)||6.33 AED||3.00-10.00|
|Water (1.5 liter bottle)||2.02 AED||1.29-3.00|
|Bottle of Wine (Mid-Range)||50.00 AED||33.00-150.00|
|Domestic Beer (0.5 liter bottle)||13.30 AED||5.00-25.00|
|Imported Beer (12 oz small bottle)||22.29 AED||8.00-45.00|
|Cigarettes 20 Pack (Marlboro)||22.00 AED||20.00-25.00|
|One-way Ticket (Local Transport)||5.00 AED||3.00-8.00|
|Monthly Pass (Regular Price)||300.00 AED||200.00-350.00|
|Taxi Start (Normal Tariff)||12.00 AED||6.00-15.00|
|Taxi 1 mile (Normal Tariff)||3.98 AED||2.98-8.05|
|Taxi 1hour Waiting (Normal Tariff)||30.00 AED||24.90-50.00|
|Gasoline (1 gallon)||9.36 AED||7.57-10.60|
|Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)||89,000.00 AED||75,000.00-116,500.00|
|Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)||72,085.45 AED||65,000.00-80,000.00|
|Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment||720.98 AED||450.00-1,172.41|
|1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)||0.45 AED||0.30-0.77|
|Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)||356.17 AED||250.00-450.00|
|Sports And Leisure||Edit|
|Fitness Club, Monthly Fee for 1 Adult||269.09 AED||100.00-500.00|
|Tennis Court Rent (1 Hour on Weekend)||126.29 AED||50.00-200.00|
|Cinema, International Release, 1 Seat||40.00 AED||35.00-60.00|
|Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child||2,733.33 AED||1,200.00-4,000.00|
|International Primary School, Yearly for 1 Child||48,232.56 AED||25,000.00-73,428.36|
|Clothing And Shoes||Edit|
|1 Pair of Jeans (Levis 501 Or Similar)||235.05 AED||80.00-400.00|
|1 Summer Dress in a Chain Store (Zara, H M,.)||215.07 AED||80.00-300.00|
|1 Pair of Nike Running Shoes (Mid-Range)||336.09 AED||190.00-500.00|
|1 Pair of Men Leather Business Shoes||331.74 AED||150.00-650.00|
|Rent Per Month||Edit|
|Apartment (1 bedroom) in City Centre||5,249.98 AED||3,500.00-8,000.00|
|Apartment (1 bedroom) Outside of Centre||3,395.17 AED||2,500.00-5,500.00|
|Apartment (3 bedrooms) in City Centre||10,120.18 AED||7,000.00-20,000.00|
|Apartment (3 bedrooms) Outside of Centre||6,933.94 AED||5,000.00-15,000.00|
|Buy Apartment Price||Edit|
|Price per Square Feet to Buy Apartment in City Centre||1,258.06 AED||749.99-2,322.56|
|Price per Square Feet to Buy Apartment Outside of Centre||802.01 AED||600.00-1,300.63|
|Salaries And Financing||Edit|
|Average Monthly Net Salary (After Tax)||12,402.83 AED|
|Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate||3.85||2.50-6.00|
Cost of Living in Dubai, United Arab Emirates. Feb 2022 prices in Dubai.
Change the unit of measure:
|Basic lunchtime menu (including a drink) in the business district||Dirham 64|
|Combo meal in fast food restaurant (big mac meal or similar)||Dirham 27|
|500 gr (1 lb.) of boneless chicken breast||Dirham 19|
|1 liter (1 qt.) of whole fat milk||Dirham 7|
|12 eggs, large||Dirham 13|
|1 kg (2 lb.) of tomatoes||Dirham 6|
|500 gr (16 oz.) of local cheese||Dirham 34|
|1 kg (2 lb.) of apples||Dirham 10|
|1 kg (2 lb.) of potatoes||Dirham 4.70|
|0.5 l (16 oz) domestic beer in the supermarket||Dirham 13|
|1 bottle of red table wine, good quality||Dirham 110|
|2 liters of coca-cola||Dirham 8|
|Bread for 2 people for 1 day||Dirham 4.67|
|Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area||Dirham 7,209|
|Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area||Dirham 4,941|
|Utilities 1 month (heating, electricity, gas.) for 2 people in 85m2 flat||Dirham 788|
|Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area||Dirham 5,023|
|Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area||Dirham 2,930|
|Utilities 1 month (heating, electricity, gas.) for 1 person in 45 m2 (480 sqft) studio||Dirham 382|
|Internet 8 mbps (1 month)||Dirham 278|
|40” flat screen tv||Dirham 1,194|
|Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands)||Dirham 471|
|Laundry detergent (3 l. ~ 100 oz.)||Dirham 29|
|Hourly rate for cleaning help||Dirham 33|
|1 pair of jeans (levis 501 or similar)||Dirham 228|
|1 summer dress in a high street store (zara, h m or similar retailers)||Dirham 174|
|1 pair of sport shoes (nike, adidas, or equivalent brands)||Dirham 364|
|1 pair of men’s leather business shoes||Dirham 431|
|Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new||Dirham 90,126|
|1 liter (1/4 gallon) of gas||Dirham 2.15|
|Monthly ticket public transport||Dirham 346|
|Taxi trip on a business day, basic tariff, 8 km. (5 miles)||Dirham 62|
|Personal Care||Update prices|
|Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands)||Dirham 22|
|1 box of antibiotics (12 doses)||Dirham 45|
|Short visit to private doctor (15 minutes)||Dirham 261|
|1 box of 32 tampons (tampax, ob,.)||Dirham 20|
|Deodorant, roll-on (50ml ~ 1.5 oz.)||Dirham 19|
|Hair shampoo 2-in-1 (400 ml ~ 12 oz.)||Dirham 22|
|4 rolls of toilet paper||Dirham 12|
|Tube of toothpaste||Dirham 12|
|Standard men’s haircut in expat area of the city||Dirham 56|
|Basic dinner out for two in neighborhood pub||Dirham 170|
|2 tickets to the movies||Dirham 85|
|2 tickets to the theater (best available seats)||Dirham 544|
|Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert||Dirham 324|
|1 cocktail drink in downtown club||Dirham 80|
|Cappuccino in expat area of the city||Dirham 24|
|1 beer in neighbourhood pub (500ml or 1pt.)||Dirham 50|
|Ipad wi-fi 128gb||Dirham 1,829|
|1 min. of prepaid mobile tariff (no discounts or plans)||Dirham 0.61|
|1 month of gym membership in business district||Dirham 290|
|1 package of marlboro cigarettes||Dirham 18|
These prices are established on the basis of a large and consistent amount of data. They are quite dependable. They are based on 575 prices submitted by 206 different individuals. The most recent pricing update was on February 9, 2022.
Understanding the Cost of Living in Dubai
When people talk about the expense of living in Dubai, one thing comes up over and over again: the city is expensive. In Dubai, there is no such thing as an income tax. That’s just one of the reasons it’s such a popular choice for expats to settle in the area. In addition, if sales taxes are levied, they are minor in comparison to other countries. However, just because Dubai is a tax haven does not imply that it is an inexpensive or costly vacation destination. Examining the actual cost of living in Dubai provides prospective migrants with an understanding of what they may expect to pay for ordinary products when they relocate.
Currency in Dubai
AED (Arab Emirate Dirham) is the currency used in Dubai and the United Arab Emirates as the official unit of currency. The Dirham is abbreviated as AED (Arab Emirate Dirham) in currency exchanges. The value of one Arab Emirate Dirham at the end of 2020 will be $3.67 in the United States, 4.87 in the United Kingdom, and 2.81 in the Canadian dollar.
Is Dubai Expensive or Affordable?
Dubai, according to the Mercer Cost of Living Index, is an expensive city to live in. It was ranked as the 23rd most expensive destination out of a total of 209 options. The cost of living here is around 25% less costly than in New York City – and approximately 4% less expensive than in neighboring Abu Dhabi. Therefore, depending on where you are currently located, Dubai may appear to be a good deal.
Cost of Housing in Dubai
For the most part, the price of a one-bedroom flat in Dubai is equivalent to the price of a comparable property in London or Sydney. You may anticipate paying around 7,400 AED each month on average. Housing in New York is around 50% more costly, whereas the cost of a one-bedroom apartment in Berlin is approximately half of what you would spend in Dubai (or even less!). If you have a family, you should know that the cost of a three-bedroom home is around twice that of a one-bedroom studio apartment.
- Naturally, if you want more room or to live in a desirable district, you’ll have to spend more.
- There, annual housing costs begin at 100,000 AED per year and can reach 140,000 AED per year, depending on the property.
- That’s a significant financial burden to bear!
- As a result, they are unable to use that resource when they initially arrive at their new location.
When accepting a job in Dubai, it is highly recommended that you negotiate a flexible housing allowance package that will help you in a variety of different situations as needed. Read more about the best places to live in Dubai.
The most of the time, as a tenant in Dubai, you’ll be liable for your own internet and utility expenses (gas, electricity, and water.) To create your account and set up your utilities, you will typically be charged a connection fee of 1,000 AED per unit. You should expect to pay around 1,000 AED per month on your utility expenses on average. It may be a little less if you’re really energy-conscious, or it could be significantly more if you have a huge home. When visiting Dubai, it’s a good idea to keep in mind that the weather there is extremely hot.
It is generally inexpensive to hire in-house assistance, such as a housekeeper or a gardener.
Keep in mind to budget for your personal health insurance premiums as well.
Grocery Costs in Dubai
Affordability is a feature of common home commodities such as apples, oranges, tomatoes, potatoes, onions, and rice. You may anticipate them to cost less than 10 AED per pound if you buy in bulk. Bread, eggs, and milk are all available at reasonable prices. Cheese, beef, and chicken, on the other hand, cost an average of 40 AED each, with beef being the most expensive. When it comes to luxury imports, you can expect to pay a hefty price for them in Dubai, which has nearly every product imaginable available.
Only thing to remember while shopping at overseas grocers: be prepared to spend a lot of money.
Dubai’s Transportation Costs
The public transportation system in Dubai is excellent. In general, the cost of a monthly pass, which is generally less than 300 AED, is less expensive than the cost of a monthly pass in the majority of other large cities. A single-use bus ticket in Dubai may be purchased for as little as 5 AED. In order to lease a mid-sized automobile, you can anticipate to pay around 2,500 AED per month in lease payments. Insurance is included in the purchase. The price of petrol is really inexpensive, at around 2 AED per liter.
Eating Out and Entertainment
Local cafés and street sellers provide some of the finest value for money in Dubai. A cheap lunch at a local restaurant costs approximately 35 AED or less, which isn’t much more than a combination meal at a fast food restaurant run by a multinational corporation, which costs about 30 AED. In the UAE, if you’re looking for a more substantial meal for two on date night at a mid-range restaurant, you can expect to pay, on average, about 250 AED per person. However, it would not be unusual to spend up to twice as much in a single day.
You could easily spend several thousand Dirham on yourself to make yourself feel special.
Non-alcoholic beverages such as cappuccino are reasonably priced at around 15-20 AED. Beer, on the other hand, is significantly more expensive at 45-60 AED in a hotel bar. If you want to go to the movies, a ticket will cost you approximately 43 AED.
Minimum Wage in Dubai
In the United Arab Emirates, there is no such thing as a national minimum wage. As a result, incomes in Dubai are quite variable. In some areas, notably in technology and hospitality, the pay might be absurdly high depending on demand and market conditions, but this is not always the case. On the other hand, earnings in industries such as manufacturing are extremely low, ranking among the lowest paid in the world. While there is no uniform minimum wage, the Ministry of Labour has established recommendations for minimum pay for different sorts of workers since 2013.
University graduates should get a salary of at least 12,000 AED each month.
In addition, experienced employees with a secondary school diploma shall get a monthly remuneration of 5,000 AED (about $600).
- Moving to Dubai
- Work Visas in Dubai
- Dubai Laws That Expats Should Be Aware Of
- And more.
Cost of living in Dubai: Your guide
The cost of living in Dubai as an expat is important to understand whether you’re planning on retiring, temporarily transferring, or making a permanent move to the country. Compared to other cities, Dubai has a very high standard of living. In reality, the possibility to live comfortably in a fascinating location is precisely why many foreigners want to relocate there. However, this does not come at a low cost. For visitors, Dubai has been branded the most expensive city in the world to visit, but what are the expenses of actually living there as an expat?
How expensive is Dubai in comparison to the UK, the EU, the USA and Australia?
The dirham is the currency used in Dubai and the United Arab Emirates as its official currency (written as AED – Arab Emirate Dirham – on currency exchanges). It is possible to figure out the precise worth of your money in AED by utilizing an online currency converter, however the following is a general guide:
- 1000 USD is worth 3,673 AED
- 1000 GBP is worth 4,692 AED
- 1000 EUR is worth 4,105 AED
- And 1000 AUD is worth 2,794 AED.
|Comparing basic cost of living||One bedroom flat in city centre (monthly rent)||Lunch for two (Three courses, mid range restaurant)||Transportation (monthly pass)|
|Dubai||7,324 AED||150 AED||250 AED|
|London, UK||7,847 AED||255 AED||607 AED|
|New York City, USA||10,938 AED||275 AED||430 AED|
|Berlin, Germany||3,023 AED||164 AED||331 AED|
|Sydney, Australia||7,187 AED||222 AED||444 AED|
One significant expenditure for expats in Dubai is the cost of transferring funds from your native currency to the UAE dirham (AED). Even though your bank advertises that it provides fee-free money exchange, you can be certain that the bank’s cut is reflected in the exchange rate it employs. For the greatest value, you should use an exchange service such asWise, which uses the same mid-market rate that you can see on Google and Reuters to calculate your exchange rate. In terms of speed and inexpensive flat costs, Wise is a far better option than using your own bank to transfer your funds.
What are the general living expenses for Dubai? How much can you get by on?
For expats in Dubai, the cost of converting cash from your home currency to AED is a significant source of additional expenditure. Although your bank may advertise that it does not charge fees for money conversion, you can be certain that the bank’s cut is incorporated into the exchange rate it uses. For the greatest bargain, you should use an exchange service such asWise, which uses the same mid-market rate that you can find on Google and Reuters to calculate your currency conversion rate.
Wise provides a quick service with low flat fees to transfer your money; this can be a much better deal than relying on your home bank.
|Living expenses in Dubai (excluding rent)||Average cost|
|Single person, per month||AED 3,190|
|Single person, per year||AED 38,280|
|University student, per month||AED 2,055|
|Four person family, per month||AED 11,137|
|Four person family, per year||AED 133,644|
What are the average salaries for Dubai?
Salaries in Dubai are generally considered to be rather high. Additionally, they do very well in highly specialized and in-demand occupations. As a user experience designer or mobile developer, Dubai is one of the greatest cities in the world to earn a good living and earn a good pay. In addition, it is the city with the highest-paid research scientists and office managers in the country. However, the remuneration for more administrative or entry-level roles is not as great as it is for higher-level ones.
|Salary averages for Dubai||Average salary|
|Financial analyst||AED 175,421|
|Graphic designer||AED 140,007|
|Mobile developer||AED 381,643|
|Product manager||AED 277,744|
|Software engineer||AED 178,521|
|Web developer||AED 111,509|
How expensive is housing and accommodation in Dubai?
Dubai has a very well-developed rental market, which means you can find almost any type of housing you could possibly desire. Even while prices in the city center and in elite expat neighborhoods outside of the center are quite high, if you don’t mind making an extra commute, you may still find more cheaply priced accommodations. Check out our handy guide to renting in Dubai for more information on how much it can cost you.
|Renting in Dubai||Average monthly cost|
|One bedroom apartment (city centre)||AED 7,345|
|One bedroom apartment (outside of city centre)||AED 5,043|
|Three bedroom family home (city centre)||AED 14,442|
|Three bedroom family home (outside of city centre)||AED 10,100|
|Utilities (gas, electric and water for a 85m2 apartment)||AED 619|
What about healthcare and dental costs in Dubai?
The healthcare system in Dubai, as well as the rest of the United Arab Emirates, is excellent. The UAE may allow expats to apply for a health card that entitles them to some free medical care, but it is usually advisable to purchase private health insurance to ensure that you are covered in the event of an accident or illness.
|Healthcare service||Average cost to you|
|Family doctor check-up (no insurance)||AED 274|
|Cold medicine for six days||AED 20|
|Antibiotic prescription (no insurance)||AED 96|
How much is travel and transportation in Dubai?
Because the United Arab Emirates is a country made famous by oil, it should come as no surprise that driving here is quite inexpensive. Due to the high volume of traffic in Dubai, taking public transit may be your best option if you have a regular commute.
|Transportation and vehicle prices for Dubai||Average cost|
|Gasoline (One litre / 0.25 gallon)||AED 1.81|
|Monthly bus/transport pass||AED 250|
|Bus ticket, single use||AED 5|
|Taxi tariff, 8km/5mile journey||AED 31|
|Toyota Corolla, new||AED 65,062|
|VW Golf, new||AED 70,000|
How much does education cost?
With such a large number of expats living in Dubai, there are many excellent schools that cater to students from a variety of different educational backgrounds. For example, you may enroll your child in an international school that follows the International Baccalaureate program or a school that follows the curriculum offered in your native country. Anything that might be beneficial to your family is likely to be available in Dubai.
|Preschool / kindergarten (monthly fee)||AED 2,882|
|Private school for lower grades||AED 40,818|
|Dubai university tuition (undergraduate, one year)||AED 243,600|
|British University of Dubai tuition (MBA, one year)||AED 70,000|
The UAE is a fantastic expat destination, whether you’re looking to settle down for the long haul or just want to spend a year or two exploring a new place. It has world-class facilities and a world-class lifestyle to offer, and although the cost of living is quite costly, the experiences you may have here will be really unforgettable. Good luck with your new life in Dubai!
The cost of living in Dubai: A guide
Many overseas employees continue to find Dubai to be an attractive place. According to a LinkedIn research 2, the United Arab Emirates (UAE) — and specifically the city of Dubai — is the most preferred foreign destination for those seeking for work in the globe. However, before relocating to any country, it is critical to create a mental picture of what your life will be like there. Calculating the cost of living should be the first step in this process. What you will earn is important, but what you will be able to buy with your wages is perhaps even more important: a £50,000-per-year salary in Hanoi buys significantly more than it does in London.
This article will assist you in determining the relative costs of various important products and services that you use on a regular basis.
It will also draw your attention to aspects of living in the emirate that you may not have previously considered, and it will have an influence on how far your pay will go.
What is the basic salary in Dubai?
Dubai attracts workers from all over the world for a diverse range of positions, ranging from bankers to construction workers. As a result, incomes might vary dramatically. Careers in Dubai, for example, may be found in expanding areas such as technology and hospitality, where salaries can be exceptionally high. On the other hand, there are jobs that are extremely low in pay. According to a 2012 report, manufacturing wages in the United Arab Emirates were among the lowest in the entire world 3.
Accordingly, the following guideline was published by the government in 2013: Salary guidance for a minimum monthly salary 4: Figures are current as of November 1, 2019.
How expensive is it to live in Dubai?
Dubai was listed as the 21st most expensive city to live in in 2019, according to 5 statistics, with places such as Victoria, New York, Tokyo, and Hong Kong ranking higher on the list. However, the city is more expensive than other major cities such as London, Moscow, and Chicago. Expensive is a relative phrase — in this context, it refers to the cost of living in comparison to pay. Its cost will vary according on your location and level of income you get.
Is rent expensive in Dubai?
When compared to Chicago 6, rent in Dubai is approximately 26.99 percent less expensive, restaurants are approximately 25.97 percent less expensive, and groceries are approximately 27.25 percent less expensive. In addition, public transportation is less expensive 7, and the unemployment rate is lower. However, because the average pay in Chicago is higher than the average salary in Dubai, you may have more money to spend on the more expensive food and rent in Chicago.
Cheapest rent in Dubai
We looked at a variety of apartment leasing websites in order to find the most affordable rents possible: Data was obtained on November 1st, 2019.
The average cost of an apartment in Dubai per neighbourhood
It’s possible that you’d like to know the average cost of rent per year for an apartment in various neighborhoods around the emirate.
Dubai house prices
According to a report published in late 2019, “Dubai’s housing market remains ‘oversupplied’ despite the drop in prices over the last few years — real prices have fallen by nearly 35% since mid-2014.” 12 In mid-2019, the average price of a Dubai home was 13AED 2.46 million ($670,000, £517,752) per square meter. When it comes to a two-bed apartment, the lowest end of the market starts at roughly $168,000/£130,000, with mid-range possibilities starting at around $388,000/£300,000 – and alternatives reaching more than $647,000/£500,000.
What is the average income in Dubai?
According to the Middle East Salary Survey 2019, the average monthly salary for various job categories in Dubai are listed in the table below. 15
What are Dubai food prices like?
When determining how much food costs in a certain nation, a reasonable rule of thumb is that local food, that is, food that is produced or cultivated in that country, will be less expensive.
In the event that food must be imported, the cost will be higher. Accessibility is also important; for example, food on smaller islands tends to be more expensive than food on larger ones. Here are a few important facts:
- Restaurants might be inexpensive, but alcoholic beverages and coffee are not. If you compare Dubai to the rest of the Middle East 16, eating out may be prohibitively costly, with Dubai ranking as the second most expensive city in the region behind Tel Aviv.
Gasoline price in Dubai
Cost per litre: Figures are current as of November 1, 2019. How does this compare to the United States and the United Kingdom?
- Petrol prices in the United Kingdom can be more than twice as high as those in the United Arab Emirates (£1.27/$1.64 per litre of petrol and £1.31/$1.70 per litre of diesel as of November 2018)
- Petrol prices in the United States are higher than in the United Kingdom, although they are still lower than in the United Kingdom ($0.78/£0.60 per litre as of November 2019 19).
The cost of health care in Dubai
Health insurance is a significant portion of one’s monthly living expenses. This is typically already top of mind for American expats and others who have arrived from countries where there is no national health system in place. It may not be the case for people who come from nations with socialized care or national health/insurance systems. In Dubai, all migrants are legally required to have health insurance, which is provided by their employer in most cases. The majority of employers provide health insurance coverage as part of their compensation package; however, this may only be for the most basic of coverage, and an extra international health insurance policy may be necessary to adequately cover the needs of you and/or your family.
What to consider when you move
The cost of health insurance is a significant portion of one’s monthly expenses. This is frequently on the minds of American expats and others who have arrived from countries where there is no national health system. It may not be the case for those who come from countries that have socialized medicine or national health/insurance systems. Health insurance is mandatory for all migrants in Dubai, although it must be obtained through a job placement agency. The majority of employers provide health insurance coverage as part of their compensation package; however, this may only be for the most basic of coverage, and an additional international health insurance policy may be required to fully cover the needs of you and/or your family.
The cost of living in Dubai for senior international professionals [3 points to factor in to your financial plan in 2022]
Stuart Ritchie published on February 1, 2022. Are you a top international professional who is planning a transfer to the United Arab Emirates? Perhaps you have just relocated to a new city in order to begin a new chapter in your professional life? I came to this country with my family in 2015 to begin a new chapter in our lives. I thoroughly planned my relocation to ensure that I would be able to account for any additional expenses in my financial plan. This blog is intended to assist you in making the most of this unique opportunity.
As of 2021, according to American asset management firm Mercer, Dubai was ranked 42nd on the world’s most expensive cities to live list.
The lifestyle and allure of Dubai might quickly overshadow your ability to earn a good living.
According to data from the cost-of-living database Numbeo, Dubai is the fourth most expensive city in the world for residents to spend the greatest proportion of their monthly income on rent. People in the United Arab Emirates spend 39.85 percent of their monthly income on rent, with a three-bedroom apartment in the UAE costing on average 7,054 AED per month to rent. The United Arab Emirates had been experiencing a sluggish long-term economic trend since the 2014-2015 oil price crash, even before the outbreak of the pandemic.
- According to the latest analysis by real estate consulting firm CBRE, Dubai’s residential property market is likely to face some headwinds in 2022 when compared to previous years, but villa and apartment sales will remain strong in a post-pandemic world.
- While prices rose by a record amount last year, they also reached their highest level since January 2015, while rental rates continued to rise to record levels (especially for villas), all owing to robust demand from both purchasers and tenants.
- Although these rates are lower than the 2014 peak, they are still 28 percent and 15 percent lower than the 2014 peak for apartments and villas, respectively.
- As of December, rentals had risen an incremental 8.3 percent, with median apartment and villa rates climbing 6.3 percent and 21.7%, respectively, over the previous month.
- Several market trends continued to favor villas over apartments, and prices remained significantly below their historical highs, according to the report.
- In fact, in November 2021, a rental agreement in Emirates Hills costing 7.5 million AED will become the most expensive rental agreement in the history of Dubai.
The safety, privacy, low-tax living, and pleasant weather of Dubai are all attractive features for wealthy clients looking to invest in high-end real estate. Check out our article on deciding whether to invest in real estate versus the stock market.
According to the Knowledge and Human Development Authority (KHDA), which is responsible for the expansion and quality of private education in the Emirate, there are three types of private education institutions in the Emirate:
- There are 194 private schools in Dubai, with 17 classified as ‘excellent,’ 28 as’very good,’ 74 as ‘good,’ 52 as ‘acceptable,’ and 5 as ‘weak.’
Consider the details of your financial strategy. The cost of attending school in Dubai has increased dramatically over the previous ten years. Kindergartens (pre-schools), primary, secondary, and high schools all charge different amounts of money depending on the degree of education they provide. An academic year’s worth of tuition costs between 3,567 AED (975 USD) and 107,928 AED (29,490 USD). Edarabia, a Middle East education website, presents all private schools in Dubai, allowing you to filter by tuition prices, curriculum, rankings, and ratings.
Various curriculums and extra-curricular activities are available in most K-12 schools, according to the website, “in order to promote the intellectual and physical well-being of children.” Admissions to the best international schools in Dubai are competitive, and waiting lists are common; thus, it is advised that parents submit applications well in advance.
Sixty years ago, people went on vacation. Dubai was hardly more than a small hamlet at the time. On a salt flat, there was only one runway for the city’s airport. Fast forward to the present day, and Dubai International Airport is the busiest international airport in the world in terms of international travel. Although Dubai is an excellent place to live if you enjoy traveling across the world, airline rates are continuing to climb. Some of the reasons cited include the relaxation of COVID-19 restrictions, an increase in the price of gasoline, and the arrival of highly anticipated events such as Expo 2020.
- Due to a lack of a local Michelin Guide, Dubai instead imports chefs or restaurant chains that have already been recognized by this distinguished magazine in other parts of the world.
- If you enjoy live entertainment, you might also want to check out the Dubai Opera, where tickets vary from 95 AED (26 USD) to 390 AED (106 USD), depending on your budget.
- Not to mention that the Emirate is home to some of the most prestigious athletic events in the world.
- You won’t be in Dubai for long (at least not in the airport car park), and you’ll see your first supercar before you know it.
- However, for those of us looking for something a little more down to earth.
- According to the statistics, the Toyota Camry was the most popular car in the UAE in 2021, with a starting price of about 95,500 AED.
For those wishing to spend less on such a depreciating asset, the data shows that the most popular automobile in the UAE in 2021 was the Toyota Camry (26,000 USD). In addition, if you want a chrome-plated Rolls Royce Phantom, you can order one.)
How to make the most of your time in Dubai
It’s a dream come true to live in Dubai. I have no intention of returning to my hometown in the foreseeable future. My customers, like myself, have well-defined goals in place that put their lives into numerical perspective. Taking into consideration major life events, such as relocating to a different country. To make the most of your time in the Emirate, both financially and personally, you must be disciplined and committed to investing on a consistent basis. My team may assist you if you require a little assistance in remaining focused on your long-term objectives.
Cost of Living in Dubai in 2022
Dubai is perhaps the most popular expat destination in the world, with expats accounting for more than 80 percent of the population. Think endless sunshine, glitzy skyscrapers and man-made islands, incredible job opportunities, fantastic local travel and a surprisingly rich local culture, and you have Dubai. While Dubai’s high incomes and numerous savings possibilities are attractive, the sheer volume of high-end items and activities available may make a serious hole in people’s savings. Dubai was ranked 42nd in the Mercer Cost of Living Study for 2021, down from its previous ranking of 23rd.
The absence of property, income, and capital gains taxes has a significant impact on people’s wages in Dubai, which is also the only country in the world that does not levy value added tax.
If you are given a contract to relocate to Dubai, the pay are often very substantial.
The Largest Cost: Rent in Dubai
Rental prices in Dubai vary based on where you wish to reside, just like they do anyplace else in the world. In the middle of the city, a well-appointed contemporary apartment in a tower will be more expensive than a similarly equipped flat on the outskirts of the city. For the vast expat population, there are a number of major places that have grown quite popular. A strong expat population, according to livingindubai.org, can be found in places like Dubai Marina and Jumeirah Beach Residence, where you can expect to pay between 100,000 and 140,000 AED (£20,000 to £29,000) per year in rental fees.
With such a vibrant expat community, there are several ways to share expenses if you like to split the expenditures between two or more persons.
If your company covers the cost of your housing, this will not be a significant issue; however, for private renters, the large upfront payment must be taken into consideration.
Transport Costs in Dubai
The automobile reigns supreme in the land of crude oil. Exactly what one would anticipate. The distances between points in the city are great, and many people choose to go by automobile because public transportation does not reach every part of the city, which can result in traffic jams at certain times of the day. Of course, purchasing a car requires a significant initial investment; however, there are other alternatives, such as renting a car on a monthly basis or simply using taxi-hailing apps.
However, if you can’t afford the initial outlay, it’s important to know that there are other options available to you if you live in Dubai.
Furthermore, Dubai Metro, which currently consists of two lines (the red and green), with a third line under construction, is another option.
In addition, there is a tram system that links with the metro system.
Dubai Lifestyle and Expenses
Dubai is a moderately priced destination in terms of prices such as food, entertainment, and activities (but proportionally lower than rental costs). If you want to go out for supper or lunch, there are alternatives to suit any budget, although the glitzier options in international hotels and on the waterfront will, of course, be at the higher end of the price spectrum. Alcohol, on the other hand, is significantly more expensive because it is not something that the majority of the population consumes.
You should bear in mind that clothing and accessories in Dubai might be a little more costly than they are in your own country, and sometimes even more expensive than in the neighboring country of Abu Dhabi.
For those who wish to take advantage of the perks of expat life, such as golf and tennis club memberships and gym memberships, prices will vary, but on average they will be slightly lower than in the UK, so get your swing in!
Medical and Insurance Costs in Dubai
Taking out private insurance is common among expats in order to ensure that they have quick access to the high-quality healthcare system that exists in Dubai. When you are offered a job, it is common for it to come with some form of health insurance incorporated, and you will not have much of a choice in terms of providers. As reported by guide2dubai.com, you could expect to pay roughly 10,000 AED, or a little more than £2,200 per year for moderately comprehensive medical insurance in the UAE.
However, most expats also purchase private health insurance to cover themselves against the unexpected.
In the long run, you should probably consider purchasing a car, as the expense of going out and consuming alcoholic beverages is far more than it is back home.
Once you’ve calculated the cost of living in Dubai, the next step in relocating abroad and becoming an expat is to consider how you’ll ship your belongings and household goods to the city.
In the meantime, contact an experienced moving company such as 1st Move International to handle the details of your relocation. To find out exactly how much it will cost you to relocate to Dubai, simply request a quote. You can also take advantage of our safer packing and faster shipping services.
How Much Does It Cost to Live in Dubai?
In popular culture, Dubai is portrayed as a millionaire’s playground, and the prospect of living a lavish lifestyle is too tempting for some to pass up. Evidently, a large number of individuals shared this viewpoint, as expats account for 80 percent of the country’s total population of 2.5 million people. Many people believe that the cost of living in Dubai is significantly higher than in other parts of the world, but this is largely due to the media’s portrayal of super cars and penthouse apartments.
- The life of a global star that some people expect after relocating to Dubai will be sorely disappointed.
- It is impossible to go from being a pauper to being a prince simply by moving to Dubai.
- The most prosperous countries in the world are ranked according to the results of the survey.
- While this is true, the Legatum Institute takes into account a variety of other factors when ranking countries.
- The United Arab Emirates is made up of seven nations, with Abu Dhabi being the most populous.
- This places the UAE in the top 20 percent of the world’s economies, and the country’s rankings in governance, economy, and entrepreneurship and opportunities help to keep it on its feet.
- The United Arab Emirates, which includes Dubai, is primarily composed of Muslim citizens.
- As a result of the restrictions on dress, drinking, and public affection, it is reasonable that expats may feel restricted in their activities.
- The question is, however, how much does it really cost to live in Dubai?
Visitors to Dubai are frequently taken aback by the man-made islands dotting the coastline, which are filled with luxurious houses. In the mid-2000s, these outlandish constructions came to symbolize the emirate’s economic growth – and the subsequent financial disaster that followed in 2009. Dubai began diversifying its economy in the 1950s in order to stay up with Abu Dhabi’s oil-rich economy. It diversified its economy by focusing on ports, trade, services, and financial services. These were a resounding success.
The economy, on the other hand, has recovered, with debts being paid off and restructured.
Many people were taken aback by the dramatic financial crisis that occurred in Dubai.
Although many people believe that oil is Dubai’s most important export, it really only accounts approximately 6 percent of its total earnings.
Other petroleum-based products, as well as gold, aluminum, and other metals, account for a whopping 60% of total exports, according to the World Bank. Dubai is mostly known for importing automobiles, jewelry, and apparel.
Currency and Tax Overview
The dirham is the currency that is used in Dubai and the United Arab Emirates (AED). Although it is frequently referred to as Dhs or DH, it is also known as DHS. The value of a dirham is one hundred fils. The dirham is the money that was first used in the Arab world and is still in use today. Notes are available in denominations of 5, 10, 20, 50, 100, 200, 500, and 1,000 dirhams, with the highest denomination being 1,000 dirhams. Despite the fact that Arabic is written on one side of the note and English is written on the other, both sides are written in English.
Many expats are ecstatic at the prospect of being able to live tax-free in Dubai.
In 2010, the UAE as a whole was experimenting with the notion of instituting an income tax, but nothing came of it.
- A ten percent municipal tax is levied against hotels and other entertainment establishments. A ten percent municipal tax on the renting of business space is imposed. Rental of residential property is subject to a 5% municipal tax. Toll on the road
- Utility bills are subject to taxes. Alcohol is subject to a 30 percent sales tax.
Housing in Dubai for Expats
Rent in Dubai is 3.12 percent less expensive than rent in the United Kingdom. However, the Palm Jumeriah, DIFC, and Jumeriah Beach Residence are not far behind when it comes to the most costly rentals in the country. Many expats do live in these areas, but they are more likely to be employed in jobs that pay a higher wage. Garhoud is comprised of a mix of ancient villas, as well as modern and older flats. Despite the fact that it is regarded to be the less fashionable side of Dubai, expats truly love living here.
- It begins behind the Mall of the Emirates and travels out towards the Emirates Hills until it reaches the Emirates Hills.
- Dubai Marina is at the heart of what has come to be known as ‘New Dubai,’ a destination for young and relatively well-off expats.
- A large number of freehold waterfront apartment towers are located within the development.
- The average price of a city center home is AED 17,596 (approximately £3,596) per square meter.
Expat Healthcare in Dubai
To become a permanent resident of Dubai is an impossibility. A residence application will not be considered if you were not born into a family where both parents are UAE nationals. As a result, expats will not be covered by the government-sponsored health insurance program. Expats who wish to use public hospitals and facilities must first get a health card from the Department of Health and Medical Services (DHMS) (DOHMS). Expats will not have difficulty finding a pharmacy in Dubai, since there are several locations around the emirate, many of which are open 24 hours a day.
We provide three private medical insurance policies to meet the demands of a variety of expatriate groups.
If a 30-year-old moves to Dubai, he or she may buy insurance with us for as low as £30 per month or as much as £195 per month, depending on the plan and excess chosen. For further information, please see our article on Medical Insurance in Dubai.
Cost of Education in Dubai
Expat children are unable to attend public schools in Dubai since they are not residents of the country. However, there are a number of private institutions in Dubai that are expressly designed to serve big foreign groups, such as international schools, which may be found in the city. There are schools that follow the national curriculum of the United Kingdom, the United States, France, India, Japan, and other countries, as well as the International Baccalaureate. Many foreign schools may demand a child’s academic record, and they may also ask them to take an entrance exam before they would consider them for admission.
- Expat parents must keep in mind that after the school year has begun, a kid will not be able to move to a different institution.
- They will have to wait until the beginning of the new school year.
- to 1 p.m., Monday through Friday.
- The fees for education range from around AED 3,000 to AED 50,000 each academic year, indicating a significant disparity between the rich and the poor.
Some employees will not have a problem finding work in Dubai because they have been transferred by their business. More than three-quarters of the workforce in the United Arab Emirates is made up of expatriates, making the country a key employment hotspot for individuals with the appropriate skills and qualifications. The majority of people that move over the nation end up working in the big industries, such as petroleum and petrochemicals; fishing; aluminum; and construction. Careers in education, healthcare, tourism, and hospitality, on the other hand, have lately experienced a resurgence.
The fact that Dubai has the lowest unemployment rate in the world is something that many people are drawn to.
Salary in Dubai
Several expats report that their incomes are greater in Dubai, particularly when an employer offers them a relocation incentive. On average, expats report that their discretionary income is 21.27 percent more in Dubai than in their home country. So they profit from improved cash flow as well as enhanced spending power. However, be mindful that living expenses might be prohibitively expensive, particularly if you are drawn in by the country’s initial allure. It is important to remember that you are in your new home, not on vacation.
For those wishing to live in Dubai, a salary resulting in a monthly salary of AED 10,000 to AED 13,000 is considered to be a reasonable living wage. However, it all depends on the size of the family, the location, and the lifestyle choices made.
Comparison to UK
When it comes to information on Dubai, the world’s largest database, Numbeo, provides an extensive collection of user-contributed information. Clothing, as well as recreational activities, are substantially more expensive in the United States than in the United Kingdom. Transportation and eating out are, on the other hand, less expensive than in the United Kingdom. A general overview of the cost differences between Dubai and the United Kingdom is provided in the tables below. Please keep in mind that all Emirati pricing have been translated into British pounds for your convenience.
|Groceries||UK Price (£)||Dubai Price (in £)||Cheaper Country|
|White bread (500g)||£0.95||£0.94||Dubai|
|Cheese (0.10 kg)||£0.17||£0.68||UK|
|Transport||UK Price (£)||Dubai Price (in £)||Cheaper Country|
|Utilities (Monthly)||UK Price (£)||Dubai Price (in £)||Cheaper Country|
|Electricity/Heating/Water for 85m 2apartment||£143.46||£126.10||Dubai|
|1 minute of PAYG talk time||£0.13||£0.10||Dubai|
|Internet (10 Mbps, unlimited data, cable/ADSL)||£21.05||£65.41||UK|
|Clothing||UK Price (£)||Dubai Price (in £)||Cheaper Country|
|Jeans (Levi or similar)||£57.15||£68.68||UK|
|Dress (chain store)||£29.91||£45.45||UK|
|Nike running shoe||£59.40||£72.35||UK|
|Leather business shoes||£61.18||£84.17||UK|
|Leisure||UK Price (£)||Dubai Price (in £)||Cheaper Country|
|Tennis court (1 hour)||£9.99||£22.40||UK|
|Cinema (1 ticket)||£9.00||£7.13||Dubai|
|Eating Out||UK Price (£)||Dubai Price (in £)||Cheaper Country|
|Fast food meal||£5.00||£5.09||UK|
|3 course, mid-range||£50.00||£30.55||Dubai|