For its citizens, moving in and out of Dubai never ends. The city is more than just a tourist destination because Dubai’s economy is heavily dependent on foreigners. Expats make significant investments in the city’s projects, operate their own enterprises in the free zones of the emirates, and travel here to take advantage of job opportunities with regional businesses. In the UAE, foreigners make up about 88% of the population. The city offers a high standard of living to both citizens and foreigners, therefore the degree of security, medical care, and services is among the best. The Quality of Life Index for Dubai is predicted to be 158,24, which is regarded as being “extremely high” according to Numbeo’s data.
What is implied by the expense of living? In general, the idea encompasses costs associated with meeting one’s most basic necessities, including housing and utilities, food, clothing, healthcare, and transportation. Everything else—outside of education, entertainment, travel, fitness, etc.—largely depends on one’s position and lifestyle and may be either the next-largest monthly expense or a fixed expense item.
If you intend to relocate to Dubai, it would be wise to project your future spending and create a rough monthly budget. To help you get a better understanding of the cost of living in Dubai in 2021, we’ve attempted to list the most typical expenses an expat would face in this article.
As an expat, you will find that the cost of living in Dubai can be quite high. If you prefer to live in one of the apartments for sale in Downtown Dubai or apartments for sale in Business Bay. However, there are ways to keep your costs down and still enjoy all that this amazing city has to offer. Here are some tips on how to save money while living in Dubai:
- Shop at local markets: One of the best ways to save money on groceries is to shop at local markets. There, you will find fresh produce and other items at much lower prices than in supermarkets.
- Cook at home: Eating out can be expensive, so cooking at home is a great way to save money. There are many international grocery stores where you can find all the ingredients you need to make your favorite dishes.
- Use public transport: Dubai has an excellent public transport system that is both affordable and convenient. By using public transport, you can save a lot of money on taxis and other forms of transportation.
- Get a local SIM card: Local SIM cards are much cheaper than international ones, so this is a great way to save money on your phone bill.
- Take advantage of discounts: Dubai offers many discounts for residents, so be sure to take advantage of them! For example, you can get discounts on attractions, shopping, and dining.
- For a family of four, the average monthly cost of living in Dubai is AED 11,846 (USD 3,224), including AED 10,818 (USD 2,946) for the rent of a three-bedroom flat in the city center.
- For food and other expenditures each month, a single person will need about AED 3,434 (USD 935) in addition to the rent for a one-bedroom apartment in the city center, which is AED 5,574 (USD 1,518).
- Rent, imported goods, medical care, and education might all be expensive in Dubai, but there are also reasonable pricing for fuel and domestic grocery.
- Prices do soon decline outside of Dubai’s tourist areas, making services, rentals, and real estate much more accessible.
- Higher costs are associated with education.
By following these tips, you can save a lot of money while living in Dubai. With a little bit of planning, you can enjoy all that this city has to offer without breaking the bank.