Do you have aspirations of opening your own company in Dubai? Or are you trying to find long-term ways to relocate to this vibrant city? This vibrant city is a great place to relocate and make investments! Before you leave for your trip, let’s discuss the cost of living in Dubai.
This area has changed in cost of living and is renowned for its cutting-edge technology. We have addressed all of the major facets of food in Dubai for 2023 and 2024 in our extensive guide. You can decide wisely on your future in this amazing city with the help of our guide.
Is Living in Dubai Affordable?
In comparison to other prominent expat destinations such as Hong Kong and Singapore, Dubai has made a name for itself as a low-cost living choice. As per the 2023 Mercer Annual Cost of Living Survey, living in Dubai is feasible without breaking the bank.
Hidden Cost of Living in Dubai
Be ready to shell out extra cash for things like phone, internet, and utility bills, which run about AED 500 (INR 11,317 ) a month on average. Having health insurance is essential because healthcare in Dubai is quite expensive. AED 8,000 (INR 1.81 L) should be at least part of your monthly budget for a modest lifestyle, including sporadic social events and impulsive purchases.
Also Check
Top 10 Supermarkets in Dubai
Here are some tips to help you reduce your monthly cost of living in Dubai even further.
- Your cost of living is greatly impacted by your lifestyle choices. Put necessities before wants and go for affordable solutions like cooking at home and taking public transit.
- Due to the current lack of income tax in Dubai, which means that you receive the exact amount stated in your offer letter, pay expectations differ significantly from the salary that is paid. Before making the change, find out what the typical salary in your field is.
- Dubai is welcoming to all budgets and is not just for the wealthy. Adjust your way of living to your financial situation and discover the city’s undiscovered treasures that lie behind the flash and sparkle.
Tips for Living in Dubai
Being able to pay your “expenses” is not enough to survive in a place like Dubai. It also involves interacting with others and sharing a good tuning while fully immersed in the different working cultures. Because of this, we’ve included some extra survival tips for Dubai below.
- Acquire some basic Arabic language skills to establish rapport with locals and possibly bargain for better terms.
- Dubai is known for its opulent lifestyle, stunning scenery, and rich culture. Thus, behave appropriately, shake hands with new acquaintances, take off your shoes outside of houses and mosques, and abstain from spitting and littering in public areas.
- Benefit from all of Dubai’s year-round bargains and promotions, particularly during shopping events like Dubai Summer Surprises.
- Take into consideration obtaining a Dubai resident’s card, which provides savings on a range of facilities and services.
- Recall that creating a budget is an ongoing effort. To make sure you stay within your means, keep track of your spending and modify your lifestyle as necessary.
Analysing Dubai’s Cost of Living
Dubai has several attractions since it fosters both a prosperous financial climate and a vibrant city life. It is critical to comprehend the various elements that go into it. Housing accounts for over 30% of living expenses on average, making it the most major contributor. Transportation and food come in second and third, each contributing 15% to the overall cost of living.
Monthly Salary
| Median salary (monthly) | 13,800 AED |
| Average salary (monthly) | 15,700 AED |
Cost of Living in Dubai: For Singles, Couples & Families
| Monthly expenses for 1 person | 5000-5500 AED |
| Monthly expenses for a couple | 8000-9000 AED |
| Monthly expenses for a family of 4 | 17500 AED |
Accommodation
Monthly rent:
| Studio Apartment (Dubai City) | 5648 AED |
| Studio Apartment (Outside Dubai City) | 3644 AED |
| 1 Bedroom Apartment (Dubai City) | 8359 AED |
| 1 Bedroom Apartment (Outside Dubai City) | 5125 AED |
| 3 Bedroom Apartment (Dubai City) | 16144 AED |
| 3 Bedroom Apartment (Outside Dubai City) | 11740 AED |
Apartment prices:
| Studio apartment | 475,000-775,000 AED |
| 2 bedroom apartment | 1,215,000-1,399,999 AED |
Groceries
| Milk (1 litre) | 7 AED |
| Bread (1 loaf) | 6 AED |
| Eggs (A dozen) | 13 AED |
| Chicken Breast (500g) | 17 AED |
| Apples (1kg) | 8.2 AED |
| Potatoes (1kg) | 3.8 AED |
| Tomatoes (1kg) | 5.5 AED |
| Onion (1kg) | 3.5 AED |
| Cheese (500g) | 27 AED |
| Bottle of wine (mid-range) | 65 AED |
Restaurants/Take-away
| Fast food (meal for one) | 35 AED |
| Casual restaurant (meal for one) | 50 AED |
| Mid-range restaurant (meal for one) | 90 AED |
| Expensive restaurant (meal for one) | 500 AED |
| Bottle of wine | 150 AED |
| Domestic beer | 40 AED |
| Cappuccino | 15 AED |
Utilities
| Basic (Electricity, Heating, Cooling, Water, Garbage) for an apartment | 780 AED |
| Home internet (monthly) | 250 AED |
| Phone plan (monthly) | 50 AED |
Travel & Transportation
| Public transport monthly pass | 300 AED |
| Bus | 3 AED |
| Metro | 4 AED |
| Water taxi | 10 AED |
| Tram | 5 AED |
| Taxi (1km) | 15 AED |
| Rental car (daily) | 100 AED |
| Gasoline (1 litre) | 3 AED |
| Brand new car (small sedan) | 80,000 AED |
Entertainment
| Movie theatre (for 2) | 90 AED |
| Monthly gym membership | 270 AED |
| Museum ticket (for 2) | 120 AED |
| Massage (30 minutes) | 85 AED |
| Theme park tickets | 200 AED |
| Bowling (for 2) | 90 AED |
Education
Preschool/kindergarten fees:
| Preschool/kindergarten | 32,736 AED |
Tuition fees for international schools:
| Grade 5 | 30,000-40,000 AED |
| Grade 6-8 | 40,000-50,000 AED |
| Grade 8-10 | 50,000-60,000 AED |
| Grade 11-12 | 60,000-70,000 AED |
Undergraduate fees:
| Undergraduate degree (per student) | 173,400 AED |
Housemaid Services
| Housemaid services (monthly) | 1500-3500 AED |
| Sponsorship fees (annually) | 5500 AED |
| Cleaning (per hour) | 30 AED |
Healthcare
| Basic health insurance (annually) | 600-800 AED |
| Comprehensive health insurance (annually) | 5500 AED |
| Premium health insurance (annually) | 10,000-15,000 AED |
| Short visit to the doctors | 240 AED |
| X-ray | 200-400 AED |
| Ultrasound | 200-400 AED |
| Dental checkup | 200-400 AED |
| Health care card (adults) | 320 |
| Health care card (children under the age of 10) | 120 |
Is Living in Dubai Cost-Effective for Expats?
Dubai is a popular place for foreign visitors looking to settle down permanently because of its growing metamorphosis and reasonably priced cost of living. Dubai is still a financially viable choice for international professionals trying to save expenditures, even in light of the growing costs.
Get in touch with Penieltech to learn where to invest. As your go-to real estate partner providing you with Elate Property management software, we can offer you dependable assistance in navigating Dubai’s ever-changing real estate market. Our knowledgeable assistance will guarantee a smooth transfer as you assimilate into this energetic metropolis.
Grow Real Estate Business with Elate PMS
Instead of just closing deals, real estate property management software cultivates connections and trust with potential clients. Expanding your network of contacts—friends, family, relatives, clients, and referrals—will help you boost sales. To save time and effort, you can also automate this process by using real estate lead services. Although the real estate industry is complicated, you may expand your company and close deals more quickly if you have the correct tools. Purchasing and selling real estate requires a significant investment of time and energy due to its complexity. To seal the transaction, you have to follow up and bargain constantly.
Free Consultation
This is where real estate CRM comes into play. It facilitates the seamless execution of realtors’ duties and the streamlining of their corporate processes. You can schedule work, keep an eye on the pipeline, manage contacts, and arrange information. Investing in a CRM system can help real estate agents close deals more quickly and expand their business.
With real-time updates, the Elate property management software helps you organize and monitor every aspect of property management. designed to improve communication between all of the contractors, landlords, and tenants in your network. We strive to be the best real estate property management software Dubai has to offer with a robust feature set.
You can easily market and advertise your properties to all major portals from a single platform with the Elate real estate management software. Additionally, you may monitor the source of your leads, the progress of each lead at any given time, and your leads themselves.