If you’re thinking about moving to Dubai, it’s natural to have a lot of questions, especially regarding the cost of living and how much money you are going to need for a comfortable lifestyle. Generally, people want to have a clear understanding of how much they can expect to spend on necessary living costs. They also want to see how this measures up to their income and the life they’re leaving behind.
It’s often challenging to provide accurate answers to questions about how much it costs to live in Dubai. There are so many factors can to take into consideration, after all, everyone has a different standard of what a ‘comfortable’ lifestyle is.
Everyone is different, and some people may enjoy a much lower cost of living than others.
This guide is designed to give you an idea of what you can expect if you choose to take the plunge and move to the dazzling Dubai.
The cost of buying and renting homes
If you are reading this we’re pretty sure that by now you are aware that Dubai is home to some of the world’s most exclusive and extreme examples of real estate in the world. Spending millions on a property can be easily done with so many amazing developments on offer, not to mention the continuation of impressive new developments popping up all over the city, the choices are endless. You could spend millions on a house, but of course, this doesn’t have to be the case. Statistics show that the average cost of an apartment in the city centre is 13,418 AED per square meter and outside of the city on average you are looking at AED8,618.71 per square meter. This equates to approximately £2,792 or £1,793.
If you’re thinking of renting, you can expect to pay in the region of AED 5,722 for a 1-bedroom flat in the city or AED 3,799 in the suburbs. This works out at around at £1,190 in the city and £790 outside the urban areas.
The location of a property will have a significant impact on the rental or purchase price of the property. Prices are lower in areas like Al Waqaa, Diera, Sharjah and so on, while homes located within easy reach of the Sheik Zayed Road will fetch premium prices.
Food and eating out
The cost of eating out hugely depends on where you want to eat, for example, you could go to McDonalds and order a large Big Mac meal, that would cost you 25AED. In comparison to a swanky restaurant with rooftop views in a premium location, where you can spend anything from AED 400+. The cost of dining out ranges hugely depending on the kind of eateries you visit.
It’s entirely possible to a ‘normal’ good meal out for between 80 and 180 AED for two people. At the supermarket, you’ll pay approximately 13 AED (£2.67) for a dozen eggs and 9 AED for a kilo of apples.
Many people drive in Dubai, and the good news is that you’re unlikely to get any nasty surprises at the pumps, especially if you’re used to European prices. The price of 1 liter (1/4 gallon) of gas in Dubai is £0.47 (Dirham 2.28)
If you are thinking of buying your own car, there’s also good news, as Dubai has a plenty of used car markets. As you would in any other country, you need to make sure you choose reputable dealerships. Check the details of the agreement carefully and be prepared to negotiate to get the best price.
Taxis are widely available in Dubai, and are known for being one of the cheapest in the world. If you’re travelling from the airport to the city, you can expect to pay in the region of 70-120AED.
If you have questions about the cost of living in Dubai, hopefully, this guide has provided you with useful information. As with any country, the cost can vary according to your lifestyle.