What Does It Cost To Live In Dubai?
- Anthony Watkins
It is useful to have a good concept of what the cost of living is in Dubai before you move here, whether you are moving here to set up a business or simply searching for better work possibilities. Before relocating here, it is helpful to have a good notion of what the cost of living is in Dubai.
- The cost of living in Dubai has decreased in 2021 as a result of the United Arab Emirates’ (UAE) commitment to enacting regulations that will assist in mitigating the impact of the COVID-19 epidemic.
- This is despite the fact that the cost of living in Dubai has increased significantly over the past decade.
Additionally, the cost of living has reduced as a direct result of the UAE’s efforts to compete with other countries for the world’s best talent. According to Mercer’s annual Cost of Living Survey for 2021, Dubai came in at position #42. Living expenses in Dubai are significantly lower when compared to those in major expat communities across the world such as Hong Kong, London, New York City, and Singapore.
|Location||Single person monthly cost without rent||Average rent in city centre (studio apartment)||Taxi Fare (1km)||Petrol (1 litres)|
|Dubai||AED 3,477.89 (USD 946,88)||AED 5,141.89 (USD 1 399,92)||AED 2.48 (USD 0.68)||AED 2.47 (USD 0.67)|
|Hong Kong||AED 4,019.24 (USD 1 094.27)||AED 8,354.93 (USD 2 274.69)||AED 4.13 (USD 1.12)||AED 9.14 (USD 2.49)|
|London||AED 4,334.80 (USD 1 180.18)||AED 8,750.48 (USD 2 382.39)||AED 8.54 (USD 2.33)||AED 7.12 (USD 1.94)|
|New York||AED 5,013.16 (USD 1 364.87)||AED 11,326.22 (USD 3 083.65)||AED 6.85 (USD 1.86)||AED 2.99 (USD 0.81)|
|Singapore||AED 3,655.77 (USD 995.31)||AED 7,746.21 (USD 2 108.97)||AED 2.29 (USD 0.62)||AED 6.57 (USD 1.79)|
This information was obtained from Numbeo (Most updated statistics: January 2022) In this essay, we will examine the cost of living in Dubai from the perspective of expats, specifically focusing on four main areas:
How much is house rent in Dubai per month?
Housing, Rental, and Utilities: Residential expenses will rely on where you choose to live, and where you choose to live in Dubai will be largely dependant on where you will do business. Housing, Rental, and Utilities: Residential costs will depend on where you choose to live.
|Type of Apartment||Cost of rent per month|
|Apartment (1 bedroom) in City Centre||AED 5,141.89 (USD 1 399.92)|
|Apartment (1 bedroom) Outside of Centre||AED 3,281.72 (USD 893.47)|
|Apartment (3 bedrooms) in City Centre||AED 9,766.53 (USD 2 659.01)|
|Apartment (3 bedrooms) Outside of Centre||AED 6,792.74 (USD 1 849.38)|
One of the most sought-after neighborhoods in Dubai is called Jumeirah Lakes Tower, sometimes known as JLT. In addition to Dubai Marina, Jumeirah Beach Residence (JBR), and Dubai’s Old Town, this neighborhood is quite popular with expatriates. Rental costs in these areas are comparable to one another.
Are groceries expensive in Dubai?
IN GENERAL, THE COST OF LIVING IN DUBAI FOR A FAMILY OF FOUR IS AS FOLLOWS:
|TYPE OF EXPENSE||COST PER MONTH|
|Housing||COST PER MONTH 3 BHK Villa: AED 8,750 (Mirdif), AED 11,666 (Arabian Ranches)|
|Groceries||COST PER MONTH AED 1920|
|Utilities||COST PER MONTH AED 2k – AED 3.5k|
|Total||COST PER MONTH AED 12k – AED 18k|
When considering the cost of living in Dubai for a family of four, the initial cost might range anywhere from 12,000 to 18,000 Emirati Dirhams (AED). Residents of Dubai who are wanting to house their family frequently select villas as their preferred home option.
- Families who are interested in living in 3 BHK villas for rent in Mirdif may anticipate paying around AED 8,750 per month, while those who wish to reside in the desirable neighborhood of Arabian Ranches will have average monthly rental rates of AED 11,666.
- Families looking to live in Dubai can reduce their housing costs by selecting flats with two or three bedrooms in the more economically viable areas of the city.
The average monthly rent for a two-bedroom apartment in Al Nahda is 4,000 AED, while the rent for a three-bedroom apartment is 6,250 AED. The cost of basic utilities for a family of four living in a three-bedroom villa in Dubai may be expected to range anywhere from 2,000 to 3,500 AED per month.
However, this number will increase if you have a private garden and especially if you have a private pool. For a family of four, the monthly price for food might reach an astounding amount of 2,000 AED if they are not careful. However, if you buy at upscale merchants, you can find that your monthly grocery bill in Dubai rises to between AED 3,000 and AED 4,000.
As was said before, the price of school tuition will contribute to the overall expense of maintaining a family’s lifestyle in Dubai. Depending on the grade that your child is enrolled in, the cost of schooling in Dubai can range anywhere from 4,000 to 9,500 AED per month on average.
- This brings to a close the MyBayut guide to the cost of living in Dubai for families, couples, and professional individuals living alone.
- It is important to note that even though these are the basic costs that nearly all residents in Dubai will face, there will be additional expenses depending on your lifestyle.
The majority of Dubai residents are expats, and the majority of them take at least two or three vacations each year, either to their home countries or to new destinations. It is common practice for parents to sign their children up for after-school activities or summer camps throughout the course of the academic year, both of which will contribute to the overall increase in the expense of maintaining a family’s lifestyle in Dubai.
- We hope that at the end of this post, you will have a better understanding of what it’s like to live in Dubai.
- In-depth instructions are also available on MyBayut for persons migrating to the area from other countries and regions of the world.
- Find out which neighborhoods are ideal for British expats to reside in, which schools are the finest, and more information if you are coming to Dubai from the UK.
Discover the necessary steps for obtaining a visa as well as all the Indian conveniences and shops that are located in Dubai if you are going to Dubai from India. If you want to learn more about the way of life that is common among Indians in Dubai, we strongly suggest that you read up on our guide to living for Indians in Dubai.
Who can afford to live in Dubai?
The article was posted online at 05:01 UTC on April 23rd, 2017. It is commonly believed that expatriates in Dubai earn more than their contemporaries back in their home countries; nevertheless, the real question is whether or not they earn enough to support themselves financially while living abroad.
- Although non-locals in the Gulf may get tax-free earnings, the region’s working class, particularly low-income professionals, continue to struggle to afford the region’s prohibitively high housing costs, according to the findings of a number of studies on the market.
- Continue reading: Reduce how much you pay for rent in Dubai by adopting this one simple strategy.
In point of fact, analysts have often placed Dubai on the top of the list of the marketplaces with the highest prices. According to studies, a single renter in the emirate has to earn more than Dh16,000 per month or Dh200,000 per year in order to pay housing expenses, which are much more than in other locations that are popular among expats.
- A company located in the United Kingdom called Nested that assists landlords in the selling of their property has analyzed the rental markets in 72 cities all around the world for the year 2017.
- It was said that a single tenant would need a yearly paycheque of Dh231,736 (£49,204.56) in order to be able to afford living in a 420-square-foot room, while a family of four would need a paycheque worth Dh439,704 (£93,362.52) in order to rent an 800-square-foot home.
Although Dubai did not come out on top as having the most costly residential leasing market in 2017, it did come out to be more expensive than the majority of its competitors. It is estimated that the cost of renting an accommodation in the emirate is around Dh13.18 per square foot, making it the fourth-highest in the world.
- This puts it ahead of rents in Zurich, which is known for having high living costs, as well as rents in London, Miami, Tokyo, Amsterdam, Paris, and Melbourne.
- Additionally, the expenses of rent in the emirate are more than twice as much as the typical monthly lease payments in cities such as Madrid, Barcelona, Milan, Frankfurt, Vienna, and Brussels, to name just a few.
According to the findings of researchers from Savills, an expatriate in Dubai requires an annual salary of Dh214,141 ($58,300), making it the ninth highest in the world, in order to be able to afford the housing and other costs of living in the city.
Dubai’s estimated yearly spending came in at number one, placing it ahead of cities such as Sydney, Miami, Los Angeles, and Chicago. Continue reading: Your guide to scoring affordable rental options in Dubai so you can live a life without a vehicle According to Mercer’s Cost of Living Survey from 2016, Dubai was placed as the 21st most expensive city out of the 209 locations that were studied.
COST OF LIVING IN DUBAI 2021 + APARTMENT TOUR
This places Dubai ahead of San Francisco, Paris, Miami, Los Angeles, Chicago, and Sydney, among many other well-known vacation spots. Analysts have admitted that the exorbitant cost of housing in Dubai is continuing to price citizens out of the city. As a result, many residents have little choice but to share housing with people who are not related to them or relocate outside of the city center.
- According to Gulf News, Jesse Downs, managing director of Phidar Advisory, stated that there is a sizable and significant percentage of the labor force that continues to be priced out of the market.
- There is a continuous attempt to bring additional reasonably priced housing units to the market, but it would appear that this need is not being met by the current supply.
According to JLL Middle East and North Africa, the percentage of residential units that were inexpensive when they were first introduced in 2015 was 22%, while the percentage that was affordable when they were first introduced in 2016 was 18%. According to Asma Dakkak, research manager at JLL Middle East and North Africa, “Governments have recognized the need to regulate the market to require developers to provide an agreed percentage of affordable units, but more work remains to be done.” “Governments have recognized the need to regulate the market to require developers to provide an agreed percentage of affordable units.” Rental costs on a monthly basis in the 10 cities with the highest average yearly income requirements for single occupants: 1.
- San Francisco, USA The rent is Dh7,859 per month.
- The needed amount of income is Dh325,144.2.
- New York City, in the United States of America The needed monthly income is Dh311,703.46 The monthly rent is Dh7,531.3.
- Hong Kong The rent is Dh6,082 per month.76 The needed amount of income is Dh251,794.46 4.
Dubai, UAE The minimum monthly income is Dh231,631, while the monthly rent is Dh5,596.39 5. The monthly rent in Singapore is Dh5,295.82 The minimum income necessary is Dh219,137.22 6. The United States of America, Washington, DC The needed monthly income is Dh218,287, while the monthly rent is Dh5,275.67 7.
- Geneva, Switzerland The needed monthly income is Dh4,895, 20 and the monthly rent is Dh4,895.88 8.
- The city of Sydney in Australia The needed monthly income is Dh192,254.65.
- The monthly rent is Dh4,645.9.
- Zurich, Switzerland The rent is Dh4,625 per month.
- The needed amount of income is Dh191,403.24 10.
- Los Angeles, USA The needed monthly income is Dh4,545, while the required monthly rent is Dh4,545.83 By Cleofe Maceda Through SyndiGate and information provided by Al Nisr Publishing LLC 2022.
We reserve all of our rights.