- The cost of apartments in Dubai varies depending on location, their living space, floor plan and amenities available in the development. The price of an average studio unit ranges from AED 160,000 to AED 2,100,000. The cost of a one-bedroom unit starts at AED 239,000 and can reach AED 6,000,000 in the most popular luxurious projects like the
Is it expensive to live in Dubai?
According to the Mercer Cost of Living, Dubai is an expensive city. It ranked as the 23rd most expensive out of 209 destinations. However, it is about 25% less expensive than New York City – and about 4% less expensive than nearby Abu Dhabi. As such, depending on where you live now, Dubai might look like a bargain.
Can I buy apartments in Dubai?
Can foreigners buy property in Dubai? Yes. Thanks to legal changes in 2002, foreigners can buy, sell and rent property in Dubai without any special regulations or permissions.
How much does a luxury apartment cost in Dubai?
For these apartments, renting prices approximately range from AED 60,000/year to 234,000/year. If you want to buy a luxury apartment, the prices are generally between AED 1,000,000 – AED 90,000,000. Those, of course, differ depending on how many rooms you want, and where you want to settle down.
Is it cheaper to live in Dubai or England?
Cost of living in Dubai (United Arab Emirates) is 29% cheaper than in London (United Kingdom)
Can I pay in US dollars in Dubai?
Yes, US dollars are widely accepted in Dubai. You will have to ask for a translation from their currency to determine price but there is no problem.
Is Dubai expensive than USA?
The cost of living in Dubai and Abu Dhabi is high compared to the US and the rest of the world. This issue is enhanced by the excessive spending here. Since many of its goods are imports, you do pay a premium for this choice with more expensive goods.
Is tattoos allowed in Dubai?
While many believe it is illegal to get a tattoo in the UAE, there is no law prohibiting it. However, tattoos are deemed a form of self-injury, something which is forbidden in Islamic culture. It is illegal to get a tattoo by an unlicensed artist due to the health risk.
Can I smoke in Dubai?
Normal cigarettes, e-cigarettes, vape, heating tobacco, and other tobacco products are all legal in Dubai. Only if you use it in a location where smoking is prohibited, such as an outdoor smoking cabin. Smokers caught using an e-cigarette in a banned place face a fine of up to Dh 2.000.
What are the highest paid jobs in Dubai?
What are the top 30 highest-paid job openings in Dubai?
- Chief executive officers (CEO) Average monthly salary: Dh100,000.
- Marketing Experts. Average monthly salary: Dh95,000.
- Public relations managing director.
- Supply chain manager.
- Accounting and finance professionals.
- Senior bankers.
Can foreigners buy property in Dubai?
In Dubai, foreign ownership is permitted in areas designated as freehold. Foreigners (who don’t live in the UAE) and expatriate residents may acquire freehold ownership rights over property without restriction, usufruct rights, or leasehold rights for up to 99 years. There is no age limit to own property in Dubai.
Apartments for Sale in Dubai – Buy Flat in Dubai
Dubai is home to some of the most interesting and unusual addresses on the planet. The emirate’s thriving property market is popular with both investors and tenants due to its attractive rental rates. This rapidly expanding city is also regarded as one of the most desirable locations to live in the globe, thanks to its fairly priced housing, easy access to high-end amenities, and overall high standard of living in terms of personal and financial safety, among other factors. One of the main reasons Dubai is a popular investment destination is the high return on investment (ROI) that can be obtained from purchasing an apartment for sale in Dubai.
Those considering making an investment in Dubai will find that the city has a lot to offer in terms of the real estate business, particularly in terms of its world-record breaking skyscrapers.
Freehold vs Leasehold Property in Dubai
There are two types of freehold properties in Dubai: those that are exclusively for UAE or GCC nationals and those that can be purchased by expats or foreign investors. The UAE and GCC nationals have the first option to purchase a freehold property in Dubai, while expats and foreign investors have the second option to purchase a freehold property in Dubai. Since the passage of the freehold law in 2002, expats and international investors have been able to purchase property in Dubai in specified freehold districts.
- Commonhold properties, such as apartments for sale in Dubai, are the most popular type of property in the city.
- These costs are referred to as service charges, and they are often collected by the building owner/developer on behalf of the tenants.
- Palm Jumeirah, Downtown Dubai, and Dubai Marina are some of the most popular freehold neighborhoods for foreigners seeking for homes in Dubai for sale.
- Deira, Al Qusais, Al Nahda, and Dubai Silicon Oasis are some of the freehold neighborhoods that are popular among GCC and UAE nationals.
- Leasehold properties cannot be purchased outright and must be leased from a national of the United Arab Emirates or the Gulf Cooperation Council.
- In most cases, the places where leasehold properties are available for expat ownership are those that were originally intended to be freehold regions reserved for GCC and UAE nationals only, such as Deira and Dubai Silicon Oasis.
The boundaries of leasehold and freehold lands are defined by the government and are subject to revision.
Types of Apartments in Dubai
The available inventory of flats for sale in Dubai includes a wide range of different possibilities to take into consideration. Whereas tenants often choose from a limited selection of regularly available homes, investors have a greater selection of possibilities when it comes to properties available for purchase, including duplexes, lofts, and penthouse flats, among other options Even though all of these homes are ready to be moved into, investors can also consider looking at off-plan apartments in Dubai.
- When compared to ready homes, the price of these flats is far more cheap, especially considering that the downpayment is significantly smaller than the typical 20% downpayment required on the secondary market.
- Those wishing to make an investment in Dubai apartments have a plethora of possibilities from which to pick.
- The majority of flats in Dubai are equipped with a maid’s room, a laundry room, a terrace or a balcony, as well as a storage space.
- Other facilities available in luxury buildings include rooftop gardens, jogging tracks, sports courts, event rooms, and a variety of other features.
- The designer furniture from labels such as Versace, Fendi, and Armani Casa is included in the price of some of the apartments for sale in Dubai, as well.
Popular Areas to Buy Apartments in Dubai
Apartments for sale in Dubai are available in a variety of price ranges, with certain districts offering a mix of luxury and inexpensive neighborhoods. Luxury flats may be located in a variety of locations, including the Palm Jumeirah, Downtown Dubai, Dubai Marina, The World Islands, Jumeirah Bay Island, and Jumeirah Beach Residence, among others (JBR). Al Mamzar, Dubailand, International City, Liwan, and Town Square are some of the affordable communities with apartments for sale in Dubai.
Sales Trends for Flats in Dubai
AED 160k to AED 2.1M for studio units, with the higher-priced units available in regions like as Palm Jumeirah and The World Islands. AED 2.1M for a one-bedroom apartment. Apartments for sale in Dubai with one bedroom start at AED 239k in areas such as Dubailand and may cost up to AED 6M in areas such as The World Islands. 2 BHK flats in Dubai may be purchased for more than AED 440k in communities such as Liwan and for more than AED 720k in communities such as Dubai Marina. Prices for 3-bedroom Dubai apartments start from AED 680k in Dubai Silicon Oasis and can reach AED 58M in Palm Jumeirah.
The most expensive 4-bedroom apartment for sale in Dubai is AED 37 million in Business Bay. AED 2.1 million to AED 45 million is the price range for 5-bedroom flats in Dubai, with the majority of the properties being located in Downtown Dubai.
ROI for Apartments for Sale in Dubai
For individuals who prefer to invest in the emirate of Dubai, it is well-known for providing attractive rental returns. The best return on investment may be found in regions such as International City, Dubai Silicon Oasis (DSO), and Jumeirah Lake Towers, among others (JLT). International City has a return on investment of 9 percent, DSO has an 8.2 percent rental yield, and JLT has a return on investment of 7.9 percent. All of the Dubai apartments for sale in desirable locations such as Downtown, Dubai Marina, and the Palm Jumeirah have an excellent return on investment (ROI) of over 5.4 percent.
How to Buy an Apartment in Dubai?
When it comes to purchasing an apartment in Dubai, the first step is to conduct a search for the property of your choice. The filters on Bayut assist you in customizing the selection to meet your specific requirements. If you are an expat, you may wonder if you can purchase an apartment in a freehold region. The answer is yes, you may buy flats in freehold zones for people of all nations. Once you have chosen an apartment to invest in and spoken with the seller, the following step is for the buyer and seller to come to an agreement on the terms of the transaction through the signing of a Memorandum of Understanding (MOU) that is signed by both parties to formalize the agreement.
After that, a No Objection Certificate (NOC) from the developer is required, after which the Dubai Land Department (DLD) will transfer title to the buyer.
Costs Associated with Buying an Apartment in Dubai
To purchase an apartment in Dubai, the first step is to conduct a search for the property that meets your needs. When using Bayut, the filters assist you in customizing the selection to meet your needs. The topic of whether you can buy an apartment as an expat arises if you live in a freehold region. Expats of all nationalities can purchase flats in freehold zones. Once you have decided on an apartment to purchase and have met with the seller, the following step is for the buyer and seller to come to an agreement on the terms of the transaction through the signing of a Memorandum of Understanding (MOU).
After that, a No Objection Certificate (NOC) from the developer is required, after which the Dubai Land Department (DLD) will transfer title of the property.
30 Best Apartments for Sale in Dubai, United Arab Emirates – FazWaz.ae
1st€319,825 based on 5 reviews2nd€153,373 based on 3 reviews3 rd€368,571 based on 3 reviews based on 3 customer reviews 4 th171,207 th€ based on 3 customer reviews Only 5 of 1458 apartment projects in Dubai are displayed. 5 th€118,894 From3 reviewsOnly 5 of 1458 apartment projects in Dubai are displayed. The information on project ratings is derived from feedback from verified residents and visitors to specific developments. 1st place: €380,460 based on 3 reviews2nd€511,244 2 reviews3 rd€146,688 based on 2 reviews based on 2 reviews 4 th €207,826 (fourth) based on 2 reviews 5 th€261,778 th€261,778 th€261,778 th€261,778 th Only 5 out of 1458 apartment developments in Dubai are being displayed based on 2 reviews.
1 st€511,244 based on 2 reviews2 nd€237,788 based on 2 reviews From 3 reviews3 rd€417,080 was generated.
The information on project ratings is derived from feedback from verified residents and visitors to specific developments.
€209,253 based on 3 reviews2nd€153,373 based on 3 reviews3 rd171,207 based on 3 customer reviews 4 th€118,894 based on three reviews 5 th €138,630 th th th th th th th th th th th th th th th th dh th th th th th th th th Only 5 out of 1458 apartment developments in Dubai are being displayed based on 3 reviews.
- 1 st€415,653 based on 3 reviews2 nd€166,451 based on 2 reviews From3 reviews3 rd€511,244 From2 reviews3 rd€511,244 From3 reviews 4 th€297,235 from 2 reviews 4 th€297,235 from 2 reviews Only 5 of 1458 apartment projects in Dubai are displayed.
- The information on project ratings is derived from feedback from verified residents and visitors to specific developments.
- The information on project ratings is derived from feedback from verified residents and visitors to specific developments.
- 4 th€297,235 th€297,235 th based on 2 reviews Only 5 of 1458 apartment projects in Dubai are displayed.
5 th€246,824 From2 reviewsOnly displaying 5 of 1458 apartment projects in Dubai. The information on project ratings is derived from feedback from verified residents and visitors to specific developments.
What You Need to Know About Dubai
Aiming to be the business capital of the Middle East, Dubai is located on the eastern coast of the Arabian Peninsula, on the Persian Gulf. It is the world’s most populous city. It also acts as a key international transit center for passengers and freight, both domestically and internationally. Oil revenues aided the city’s growth, which was already an important commerce center, by allowing it to expand. Dubai is the most well-known city in the United Arab Emirates and the capital of the Emirate of Dubai.
- In the early twenty-first century, the city saw rapid growth, transitioning from a small fishing hamlet to a cosmopolitan metropolis with a strong concentration on tourism and hospitality industries.
- Since the beginning of the twentieth century, it has operated as a regional and international commercial center of importance.
- The temperature is roughly 35 degrees Celsius on average during the day.
- The temperature might exceed 50 degrees Celsius, resulting in an excessively hot and humid environment to deal with.
- In Dubai, the United Arab Emirates Dirham is the official currency (AED).
- Among the world’s most popular tourist destinations, Dubai is home to the second-highest concentration of five-star hotels after Hong Kong.
- English, on the other hand, is widely spoken across the city, although Arabic is the official language of the country.
Dubai Real Estate Trends
Trends and average prices in the Dubai apartment market might help you learn more about the industry.
How affordable is it to live in Dubai?
Dubai is located in the Arabian Desert, in the middle of the country. But the topography of Dubai is very different from that of the UAE’s southern region in that much of Dubai’s environment is characterized by sandy desert patterns, whereas gravel deserts predominate in much of the country’s southern region. Besides manufacturing, Dubai is a popular location for service sectors such as information technology and finance, thanks to the presence of industry-specific free zones around the city.
- The major draw for tourists to Dubai is shopping, yet the city also has historical and contemporary things to offer.
- In Dubai alone, there are around 70 commercial malls, including Dubai Mall, which is the world’s largest shopping mall.
- As a result, it is one of the most popular tourist destinations in the city.
- As well as acting as a gateway to the Burj Khalifa and The Dubai Aquarium, The Dubai Mall is also the city’s most important retail attraction.
- Dubai’s officials intended to expand the city’s limited seafronts, so they persuaded developers to construct enormous man-made islands off the city’s shoreline to accomplish this.
When viewed from above, the Globe Islands, for example, are a cluster of small islands that are organized in a manner that resembles a world map. It is often recognized as one of the most distinctive spots in the entire city.
Types of Apartment in Dubai
The Dubai real estate market offers a diverse selection of property kinds from which to choose. Apartments, villas, and townhouses are just a few of the several types of real estate available for purchase in Dubai. Those traits can be divided into a number of different categories. In Dubai, there are two types of lodgings that are very popular: hotels and serviced flats. The entire tenancy procedure is overseen by a reputable hotel management staff you can rely on. In Dubai, multi-story houses such as duplexes and triplexes are available, albeit they are not very popular.
- Compact studio apartments are one of the most cost-effective solutions for first-time homeowners who want to live alone.
- Studio apartments are a fantastic investment since they have a high yearly rental yield on the rental market and are easy to find.
- At the Capital Bay Tower A, the starting price for a studio apartment is roughly AED 430,000, which is an acceptable price for such a little area.
- The price of a one-bedroom apartment for sale in the business sector may rise as a result of the increasing demand.
- A one-bedroom apartment in this location is available for purchase for a reasonable price of AED 930,000.
- It is one of the city’s most major residential complexes, located in Dubai Creek Harbour, and it is known as the 17 Icon Bay.
What is the average price of a Apartment in Dubai?
Apartment SizeAvg. PriceStudio(View 1,731 ApartmentsFlats) €207,0001 Apartment SizeAvg. PriceStudio(View 1,731 ApartmentsFlats) €207,0001 The average price of a bedroom in Dublin is €299,000. The average price of a bedroom in Dublin is €553,000. The average price of a bedroom in Dublin is €1,040,000. The average price of a bedroom in Dublin is €3,230,000.
Lifestyle Factors in Dubai
PriceStudio (View 1,731 ApartmentsFlats) €207,0001 Apartment SizeAvg. PriceStudio (View 1,731 ApartmentsFlats) €207,0001 Apartment SizeAvg. PriceStudio (View 1,731 ApartmentsFlats) The average price of a bedroom in Dublin is €299,000. The average price of a bedroom in Dublin is €553,000. The average price of a bedroom in Dublin is €3,230,000. The average price of a bedroom in Dublin is €299,000. The average price of a bedroom in Dublin is €553,000. The average price of a bedroom in Dublin is €299,000.
Top Reasons to Invest in Dubai
International homeowners who make investments in the United Arab Emirates are most concerned about their safety, and Dubai is towards the top of the list in terms of well-being and security for international homeowners. The purchase of a residence valued at least AED 1 million by a foreigner qualifies them to apply for a resident visa in the United Arab Emirates. Because the country’s economic development and expansion are accelerating, now is a wonderful moment to make investments in real estate and other forms of property.
As a city that is continually expanding and developing, Dubai is a fantastic spot to make an investment in land or residential properties.
By the time it hosts Expo 2020, Dubai aspires to have transformed the city into an inclusive, barrier-free, and disabled-friendly destination for everyone.
Adaptations, such as wheelchair-accessible taxis, slanted pathways, and tactile signs on the ground level for the visually impaired, have already been introduced at all metro stations across the city. Dubai has the potential to become a world-renowned tourist destination in the near future.
What are the top 5 reasons to invest in Dubai apartments?
Over the last ten years, the Dubai real estate market has undergone significant transformation and evolution, with a number of ups and downs, as well as new regulations that will make transactions safer and more seamless for all parties involved. Here are five of the most compelling reasons to invest in Dubai apartment buildings: –
- Upgrading Infrastructure – Dubai is always expanding and improving its infrastructure to accommodate the rising population that flocks to the city each year. From the roads to the malls, to the residential or commercial spaces, there’s always something new to see. The airport is expanding, with over 1000 planes arriving daily, making it convenient for travelers of all sorts to get to and from the airport. The Dubai government and many private organizations have established Dubai as one of the leaders in health care and health facilities as a result of a significant investment in overall infrastructure, combined with efforts to attract and retain the best doctors. Many hospitals have received the highest accreditation available as a result of their service and high-quality care. This has played a significant role in motivating investors and retirees alike
- Beaches, breathtaking vistas, and even more beaches – Dubai is home to some of the greatest beaches in the world, some of which are naturally formed, while others are man-made, but all of which are highly delightful locations to soak up the sun and relax on your weekends or vacations in the city. With a large number of projects and developments offering sea views and beach access, they are an excellent investment that provides excellent capital returns from the rental earnings that are generated. Because to the development of Dubai International Airport to accommodate the 120 million passengers predicted by 2025, more business travelers, tourists, and locals will be able to travel in and out of Dubai and the UAE in greater numbers. This draws more investment as a whole, which in turn helps the local market and facilities flourish as a result. Return on Investment (ROI) in terms of rents — Within the category of Dubai flats, they provide some of the best ROI in terms of rental returns on both short and long-term leases, with some owners earning up to 10-12 percent a year on their investments. Some projects even offer fixed guaranteed returns of 5 percent or higher, as well as full property management, making them a truly hassle-free investment. As an investor, you simply put your money in and wait for the yearly payment, with no need to be involved in the day-to-day operations of the project. In terms of capital appreciation, some owners have purchased and seen a nearly 20-30 percent growth in capital as a result of the rising population in Dubai, which helps to guarantee that the city is a safe and fantastic location to invest.
Rent and Housing in the UAE: Everything You Need to Know
If you are wondering how to rent a house or apartment in the United Arab Emirates, you should know that it is simple, but the rent costs are high. The United Arab Emirates is well-known for giving competitive salaries, yet a large portion of these earnings is spent on meeting the country’s high cost of living. The average rent in the United Arab Emirates is between 30,000 and 50,000 AED (8,100 and 13,600 USD) a year for a studio apartment, depending on the location. One- and two-bedroom flats are priced between 70,000 and 100,000 AED (about $19,000 and $27,220 USD), depending on the size.
Average Annual Apartment Rent in Abu Dhabi
|Apartment Type||High End Properties||Lower End Properties|
|One-Bedroom Apartment||106,630 AED (29,000 USD)||65,780 AED (17,900 USD)|
|Two-Bedroom Apartment||153,130 AED (41,690 USD)||95,000 AED (25,860 USD)|
|Three-Bedroom Apartment||200,630 AED (54,620 USD)||123,890 AED (33,730 USD)|
Average Annual Apartment Rent in Dubai
|Apartment Type||High End Properties||Lower End Properties|
|One-Bedroom Apartment||96,670 AED (26,320 USD)||56,200 AED (15,300 USD)|
|Two-Bedroom Apartment||140,000 AED (38,115 USD)||79,000 AED (21,510 USD)|
|Three-Bedroom Apartment||190,000 AED (51,725 USD)||105,000 AED (28,585 USD)|
Keep in mind that the most costly emirates in the United Arab Emirates are Abu Dhabi and Dubai.
Average Housing Rent
Some expats prefer to rent a villa or a property in the United Arab Emirates. When renting a property in Dubai, the bare minimum is 193,180 AED (52,590 USD) for a three-bedroom home and 298,640 AED (81,300 USD) for a five-bedroom home. 168,180 AED (45,785 USD) can buy you a three-bedroom property in Abu Dhabi, while 305,910 AED (83,280 USD) will get you a five-bedroom home.
Renting in the UAE as a Foreigner
Rental agreements in the UAE are generally one year in length and are difficult to terminate. Fortunately, housing regulations protect both the landlord and the tenant, so you are not at risk if your landlord decides to terminate your lease early without notice. It is possible to discover apartments that are both furnished and unfurnished. It all boils down to a matter of time and money. A furnished apartment is substantially more expensive than an empty flat, although it is easy to buy moderately priced furniture in stores all throughout the United Arab Emirates.
The vast majority of enterprises in the United Arab Emirates will give accommodation or a housing allowance for its workers.
Rental Process and Rules
However, there might be slight variances when it comes to the legalization of contracts and the payment of deposits throughout all seven emirate states, so be sure to read the fine print before signing anything. It’s important to double-check the specifics related with your chosen emirate state.
Steps to Finding Accommodation in the UAE
The first step in renting an apartment in the United Arab Emirates is to physically arrive in the country. Many apartments are offered online, but it is recommended that you do not sign a lease until you have had the opportunity to inspect the property in person.
Because housing is costly in this area, most leases are for a period of one year. When renting in the UAE, it is crucial to consider factors such as the surrounding traffic and public transit choices, therefore expats are recommended to see homes as soon as they arrive in the country.
Step Two: Look Online
You may start your quest by doing some research on the internet. Even if a property’s photographs appear to be of high quality, it is still advisable to visit the house in person. Traffic in the United Arab Emirates may be intense in many regions, and it is important to examine the situation in person.
Step Three: Hire an Agent
Many expats employ the services of a real estate agent to assist them in their quest. Always check to see if the agent is licensed and registered with the Real Estate Regulatory Agency (RERA). In some jurisdictions, like as Dubai, it is against the law to conduct business with unregistered freelancers. The agent is in charge of all of the paperwork and contracts that need to be completed. Engage the services of a real estate professional to assist you in locating rental property that is appropriate for your needs and negotiating a favorable rental rate.
Step Four: Prepare Your Documents
The following are the most common criteria and supporting documentation for renting:
- Renters should be aware of the following regulations and documents:
Step Five: Rental Contract and Deposit
If you are relocating to Dubai or Abu Dhabi, you must register your rental agreements with the local authorities. You should be aware that this may soon become the usual practice in all seven emirates. Expats relocating to the United Arab Emirates should consult with their real estate agent about the unique contract requirements for their chosen emirate before signing anything. The Ejari is the name given to the rental contract in Dubai, whereas the Tawtheeq is the name given to the rental contract in Abu Dhabi.
- This form is filled out by either the property owner or the real estate consultants who are in charge of the property management.
- The ability to bargain down the price has become more common in recent years.
- If you look outside of the major centers, you may be able to discover landlords that accept payments on a month-to-month basis.
- Because of the stormy history of interactions between landlords and renters, rental contracts contain severe penalties if they are breached early.
- Both landlords and tenants will benefit from this arrangement.
The location of your stay in the United Arab Emirates is critical while searching for the appropriate lodging. Transportation on the highways of Abu Dhabi and Dubai is very congested, making trips to and from work difficult. Even while there are public transit options available, they aren’t as extensive as in other large cities and nations. When looking for a place to live in the United Arab Emirates, these are some things you should ask yourself:
- Are I comfortable driving on enormous, congested motorways
- Am I looking for a location near the seaside
- Am I looking for a location that is convenient to public transportation
- And so forth. Is it possible to sleep through the call to prayer if there is a mosque nearby? (There are five calls to prayer during the day.)
Utilities and Bills Payment
In the United Arab Emirates, utilities are often not included in the rent. They will have to be registered with the appropriate authorities in your emirate. Utilities are estimated to cost between 500 and 600 AED (136 and 163 USD) per month. Keep in mind that your cost will be greater during the warmest months of the year, when air conditioning is used the most. There are different utility firms for Abu Dhabi, Dubai, Sharjah, and the Northern Emirates, as well as for the rest of the United Arab Emirates.
United Arab Emirates water and energy utilities are of the highest quality, and most bills may be paid either online or using a UAE bank account or by visiting a kiosk machine.
Accommodation in the United Arab Emirates requires a significant cost and time investment. A month or two to look for the appropriate apartment could be plenty due to the difficulty of breaking leases these days. If this is the case, you should check into short-term renting options first. Dubai was the first to implement short-term leasing restrictions, doing so in 2015. Tenants and property owners are protected from fraudulent subletting and unlawful renting under the terms of these legislation.
Short-Term Rentals: Average Price
The average price of a short-term rental in the United Arab Emirates might be much more than the average price of a one-year lease, depending on where the accommodation is located. Check if you will be renting during a busy or slow tourist season, or whether you will be renting during a vacation, since this might have an impact on the price.
Short-Term Rentals: What Documents do I Need?
A copy of your passport is all that should be required when renting a short-term rental in the United Arab Emirates (UAE). You may be required to pay a tourist charge, which varies depending on the length of your visit.
Short-Term Rentals: Things to Know
Expats who are going to the desert country on their own might check into shared housing. Please be informed that under Sharia law, unmarried men and women are not permitted to live together, even if they have separate beds in their home. While the practice is typically ignored by authorities when it comes to foreigners and non-Muslims, you should be aware that you are taking a risk by participating. When engaging in this behavior, you run the risk of drawing unwelcome attention to yourself, which might result in significant penalties if you are arrested for another crime.
What is the Cost of Living in Dubai for Expats in 2021?
Whether you are relocating to Dubai to start a business or merely to improve your employment chances, it is beneficial to have a basic understanding of the cost of living in Dubai before you make the decision to relocate here. As a result of the impact of COVID-19, which was combined with reduced oil prices, the cost of living in Dubai is expected to decline in 2021, despite the fact that living costs have grown significantly over the last decade in the UAE. Mercer’s 26th annual Cost of Living Survey for 2020 placed Dubai at number 23, down two spots from the previous year’s rating.
To put this pricing disparity into perspective, consider how Dubai compares to the following cities:
|Location||Single person monthly cost without rent||Average rent in city centre (studio apartment)||Taxi fare (5 km)||Petrol (1 litres)|
|Dubai||AED 3,443.97(USD 937.70)||AED 5,527.83(USD 1,505.07)||AED 12.00(USD 3.27)||AED 1.99(USD 0.54)|
|Hong Kong||AED 3,894.00(USD 1,060.23)||AED 8029.33(USD 2,186.16)||AED 11.35(USD 3.09)||AED 8.42(USD 2.29)|
|London||AED 4,383.96 (USD 1,193.63)||AED 8,747.65(USD 2,381.74)||AED 15.43(USD 4.20)||AED 6.13(USD 1.67)|
|New York||AED 4,957(USD 1,349.65)||AED 11,348.94 (USD 3,090)||AED 13.96(USD 3.80)||AED 2.58(USD 0.70)|
|Singapore||AED 3,575.43(USD 973.49)||AED 7,991.05 (USD 2,175.74)||AED 9.98(USD 2.72)||AED 6.05 (USD 1.65)|
The information comes from Numbereo (Most updated statistics: May 2021) Specifically, we will look at the cost of living for expats in Dubai in four important areas: transportation, housing, and food.
Average Cost of Living in Dubai
Living expenses are those expenses that are vital for one’s survival and are therefore classified as such. It would include things like housing, food, clothes, healthcare, and transportation, just to mention a few examples. Any payments associated with leisure activities would not be included in the calculation of living expenditures. When calculating living expenditures, housing costs account for a significant portion of the total budget. Housing will account for around 30% of total living expenditures, followed by transportation and food, which will account for 15% of total living expenses each.
Here is a brief breakdown of overall prices based on the number of people in your household for your convenience and fast reference.
According to Numbeo statistics, the average cost of living for a single individual reduced by 89.2 percent in 2021 as compared to the previous year. The anticipated cost of living for a family of four, on the other hand, has reduced by 32.6 percent.
|Single Person||AED 8,972 (USD 2,443)||AED 3,435.71 (USD 935.35)|
|Family of Four||AED 16,478 (USD 4,486)||AED 11,863.31 (USD 3229.69)|
Living Expenses in Dubai are as follows:
Your residential costs will be determined by where you choose to live in Dubai, and the area in which you choose to live in Dubai will be greatly influenced by where you want to do business. Here is a table that may be used as a fast reference when it comes to residential rent.
|Type of Apartment||Cost of rent per month|
|Apartment (1 bedroom) in City Centre||AED 5,528.59 (USD 1,505.28)|
|Apartment (1 bedroom) Outside of Centre||AED 3,687.32 (USD 1,003.95)|
|Apartment (3 bedrooms) in City Centre||AED 10,799.55 (USD 2,940.41)|
|Apartment (3 bedrooms) Outside of Centre||AED 7,490.97 (USD 2,039.58)|
The Jumeirah Lakes Tower (JLT) is considered to be one of the most prestigious residential buildings in Dubai. This is a popular district area for expats, and it is located near the Dubai Marina, the Jumeirah Beach Residence (JBR), and Dubai’s Old Town, all of which have rental costs that are comparable. A one-bedroom apartment in JLT costs around AED 66,236 (USD 18032.23) each year, or AED 5,519.66 (USD 1526.88) per month, making it one of the most expensive places to live in Dubai when compared to the rest of the country.
Dubai Rental Price Comparison: Top Places to Live in Dubai for Expats
Cleaning services for lodgings are included in the housing category of living expenditures as well as other living expenses. Generally speaking, this service is given by employing domestic assistance, which is extremely widespread in Dubai. The charges vary based on the type of cleaning required, but on average, a full-time domestic assistant would cost around AED 2,700 (USD 735) per month, while a part-time domestic helper who comes in once a week (3-hour service) would cost approximately AED 390 (USD 106) monthly.
Dubai Education Costs
Children of expats are permitted to attend both public and private schools in the United Arab Emirates; but, regardless of which kind they attend, tuition must be paid because free government schooling is only accessible to Emirati citizens. AED 6,000 (USD 1,635) per year has been set as the maximum yearly tuition cost for foreigners who wish to attend public schools in the United Arab Emirates.
International / Private Schools
Dubai offers a little more than 200 private schools that serve around 300,000 Emirati and international students. Out of all the emirates in the United Arab Emirates, Dubai is the only one that has adopted yearly tuition limitations, which prohibits schools from increasing their prices by exorbitant amounts on an annual basis. Average annual international school costs range between AED 12,723 and AED 64,093 (USD 3,46.84 and USD 17,446.32) in the UAE. It should be noted that school fees are heavily dependent on the location of the school; they vary significantly from one region to the next, and a comprehensive revision may be found here.
Dubai has 65 colleges, each of which offers a wide range of academic programs in a variety of fields. They provide services to both Emirati and international students. Public universities in Dubai, on the other hand, utilize Arabic as the primary language of instruction, but the majority of private institutions in Dubai use English. Regardless of which university they attend, international students are expected to enroll in Arabic language lessons for the purpose of language development.
It is estimated that the average cost of an undergraduate degree or a graduate degree would be AED 173,400 (USD $47,209) or AED 54,800 to 82,200 (USD $14,919-22,379), respectively, for the whole program.
Dubai Transportation Costs
Driven transportation in Dubai is undoubtedly the most convenient mode of transportation, and owing to low fuel costs, the cost of operating a car is rather modest. Another point to mention is that traffic congestion in Dubai is quite severe, making it difficult to commute during the busiest periods of the day. In the event that you have to go to and from work on a regular basis, taking public transit is definitely your best option.
The cost of purchasing an automobile is heavily influenced by the state of the vehicle. According to the 2018 Toyota Corolla, which is the most popular car in the UAE and sells for AED 70,900, as a point of reference, Implementing a regular 20% down payment, a 5-year payback plan, and taking other expenditures into consideration, the annual cost would be AED 20,800, excluding the down payment. When purchasing a secondhand automobile, however, depreciation often subtracts 20-40 percent from the overall purchase price of the vehicle.
The price of gasoline in Dubai has remained consistent and is substantially less expensive than the global average, with Dubai’s gasoline costing 1.79 AED per liter, compared to the global average of 4.33 AED per liter, according to the International Energy Agency.
|Transportation Fares/Prices in Dubai||Average Cost|
|Taxis(per 1 km)||AED 2.44 (USD 0.66)|
|Buses(single ticket)||AED 5 (USD 1.4)|
|Buses(monthly pass)||AED 300 (USD 81.67)|
|Average price of 1 L petrol||AED 2.00 (USD 0.54)|
There are two Dubai Metrostations in the JLT region, which makes it highly accessible for employees, residents, and tourists to access destinations in the premium district, DMCC, from their homes. In addition, there is a bus service that operates around the town, making stops at various locations. More information about public transportation in Dubai may be found on the official website of the Dubai government.
The Dubai Health Authority has enacted new law requiring all inhabitants, including expats, to obtain medical insurance. This includes both nationals and foreigners. Foreigners will need to obtain private health insurance plans, which are often purchased via their jobs, whilst locals can get coverage under the government-funded system. Dubai is particularly well-known for its high-quality healthcare system, which is among the best in the world among the seven Emirates. Taking advantage of both public and private healthcare services is something you will be able to do as an expat.
In Dubai, private health insurance is preferred by the vast majority of expats, largely because English is widely spoken and most of the medical personnel are international physicians. However, although Dubai’s public medical services are free for residents, foreigners may take advantage of a 50 percent discount if they have a health card. The following are the fees for a health card:
- Expatriate fees are AED 120 (USD 32.67) for those under the age of 18 and AED 320 (USD 87.12) for those over the age of 18. National fees are AED 25 (USD 6.81) for those under the age of 18 and AED 120 (USD 32.67) for those over the age of 18 and for those under the age of 18.
The prices listed above are one-time payments for the purpose of obtaining a health card.
In the event that a health card has expired, a new one must be issued (dependent on age). The Ministry of Health e-Services website may be used by expats to submit an application for a health care card.
The Essential Benefit plan
Also included are provisions for lower-income employees and residents who are not already employed. The Essential Benefits Plan (EBP), which was introduced in 2014, is the bare minimum level of health insurance coverage that all residents of Dubai are required to have. It delivers vital advantages at a reasonable cost to the consumer. The following is a breakdown of the EBP premium package charge for the year:
- In the UAE, employees receive AED 650-725
- Dependents (aged 0-65) receive AED 650
- Single married females (aged 18-45) receive AED 1,600
- Elderly parents receive AED 2,500
- And other household employees receive AED 650-725.
For additional details, please see Pacific Prime’s guide to required health insurance in Dubai, published in the year 2021.
Is Dubai really that expensive for expats?
For additional details, please see Pacific Prime’s guide to required health insurance in Dubai, published in the year 2020.
Apartments for sale in Dubai – Buy Flats
What You Should Know Before Purchasing an Apartment in Dubai Over the course of 48 years, Dubai has grown into one of the world’s most important cities and a significant regional commercial center. Its extensive presence in the tourist, commercial, banking, and real estate sectors of the United Arab Emirates has been widely recognized around the world. Despite the fact that many home-grown firms stand out amid the throng, the country has offered entrepreneurs with a land of potential. Due to the high returns on investment, international, regional, and local investors have flocked to Dubai’s ever-expanding real estate market, which is lured by the high quality of life afforded by the bustling metropolis, as well as its world-class architecture and world-class infrastructure.
- These range from stylish studio apartments in the heart of the city with views of the Burj Khalifa to spacious four-bedroom flats in calmer areas that are ideal for expanding families.
- Whether it is something brand new from the off-plan market where the building is still under construction or an apartment that is ready to move into, you are more likely to get the best price now and a payment plan that works for your budget.
- Dubai is home to some of the most incredible tourist sites on the planet.
- There is something for everyone to enjoy when you relocate to Dubai.
- According to an HSBC poll, the United Arab Emirates placed higher than the United States, the United Kingdom, Hong Kong, and Australia, making it one of the greatest countries in the world to live and do business.
- In fact, it was estimated in 2016 that expatriates make up 85 percent of the population of Dubai.
- Additionally, with the advent of UAE tourist visas that are valid for five years and provide multiple admission into the country when traveling, you may ensure that your family remains close by purchasing a home in the UAE that has enough space to accommodate the entire family.
- Two-thirds of expats think that being in Dubai provides them with more spare income, with 85 percent claiming that this has enabled them to pay off debts and accumulate savings.
- Over the previous 18 months, there has been a decrease in the value of residential property, making flats more affordable.
Many developers now offer simple payment plans, such as rent-to-own schemes, which make owning a brand new apartment a possibility for those who do not have the necessary funds for a down payment on a mortgage, which is typically equal to around 30 percent of the property’s value on the day of purchase.
There are numerous wonderful communities to pick from around the city – the ideal one for you would be determined mostly by your requirements.
If, on the other hand, you want a more communal atmosphere, you may check out new developments such as Dubai Hills Estate, Damac Hills, and Townsquare.
If you have children who attend school, it’s crucial to examine how far away your new house will be from their current location.
Owning a little or big portion of this future city and establishing a residence there is permissible as long as it meets your basic requirements.
Any individual of any nationality, whether residing abroad or a resident of the United Arab Emirates, is eligible to acquire a property in Dubai.
What are the various fees and charges associated with acquiring a property in Dubai?
In general, the following fees will be charged in connection with the sale and purchase of flats in Dubai: NOC fees – These costs, which can range between AED 500 and AED 5,000, are due to the developer by the sale, who is generally the developer.
The commission paid to a real estate agent is typically 2 percent of the transaction price.
A cost of 0.25 percent of the registered loan amount is charged for mortgage registration fees, which are collected by the Dubai Land Department and remitted to the Dubai Land Department.
A Registration Trustee Appointment charge of AED 4,000 through title deed and AED 5,000 through off-plan must be paid in cash and is payable in advance.
Due to today’s buyer-friendly market and the fact that most developers have created simple payment plans, it’s critical that you select a payment schedule and payment plan that works for you.
Throughout the lease, you will be required to pay rent, and in certain situations, a portion of the money will be placed toward the purchase price.
RTO programs are currently being offered by a small number of developers in Dubai, however schemes in locations like as Dubailand, Motor City, and Jumeirah Village Circle are being promoted for durations of up to 20 years, and many more developers are opening up to similar arrangements.
In the process of looking for a new house, it’s crucial to consider how much it will cost to maintain the property once you’ve purchased it.