COST OF LIFE IN DUBAI
Dubai is a fascinating destination for tourists. In the views of most people is a very costly place to live as the rent of one room in the “seven-star” Burj Al- Arab hotel is about AED 6,000. Dubai cannot be called a cheap place to live but it is quite affordable for many people.
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In Dubai, it is easy to buy an apartment rather than to pay the rent. Due to expat population, rents are quite high in Dubai. The case of renting an apartment, Shanghai is much cheaper than Dubai but if want to buy an apartment, Dubai is comparatively cheaper.
Dubai is three times cheaper than Paris. If compared to New York, Dubai is 30% cheaper to live and it stands at 12th position in the list of the most expensive cities in the world.
Daily Life Expenses In Dubai?
Let us take a look at some of the important information. First of all, bills for services can be expensive. Mobile, TV package and landline would cost you around AED 300 each per month – this will add up to AED 900 which will be cut from your budget each month. If you are running the air conditioning at full blast then forget about low electricity bills. For a large apartment or villa, in the month of electricity bill could cost around AED 4,000 and in winter it will fall to half or third of AED 4,000.
Talking about other things, transport is cheap, and petrol is very cheap compared to Europe, around AED 2.2 a liter. Moreover, if you purchase a car you will have to pay 20% less for it. The cost for public transport is cheap for around AED 300 a month.
The bill for groceries depends on whether you want pre-cooked food or whether you are happy to cook meals in home. The pre-cooked food is obviously going to be a lot more expensive. Tomato ketchup bottle cost around AED 18.
Alcohol is expensive. A 33cl bottle of imported beer can be purchased in AED 14 and if purchased it in a restaurant it can cost up to AED 45. A three-course meal could cost AED 200 for two people. So, eating out is not expensive but adding few beers after food can obviously increase the amount.
What Else To Consider When Calculating Your Budget?
If you are moving permanently to Dubai rather than just buying real estate for investment purpose, then there are two big costs that you should consider. First one is education. If you have children and you wish that they to go to a British curriculum school, for example, the fee will be between AED 30,000 to AED 60,000 a year or more. Second is health insurance, and this could cost from AED 5,000-6,000 for an individual and for a family of four will cost around AED 30-40,000 per year.
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