Whether or not you might be transferring to Dubai to arrange a enterprise or just in search of higher job prospects, it’s useful to have a good suggestion of what the price of dwelling in Dubai is earlier than you progress right here.
Though dwelling prices in Dubai have risen considerably prior to now decade, the influence of COVID-19 coupled with decrease oil costs has really brought about a lower in the price of dwelling in Dubai in 2021. Dubai ranked #23 in Mercer’s twenty sixth annual Value of Residing Survey for 2020, a drop of two locations since final yr’s rating.
In comparison with dwelling in a number of the world’s main expat hubs like Hong Kong, London, New York, and Singapore, Dubai prices far much less by way of value of dwelling.
To place this worth distinction into perspective, right here is how Dubai stacks up towards these cities:
Single particular person month-to-month value with out hire
Common hire in metropolis centre (studio condo)
Taxi fare (5 km)
Petrol (1 litres)
Info is from Numbeo (Most up to date statistics: Might 2021)
On this article, we’ll dive deeper into the price of dwelling for expats in Dubai inside 4 key areas:
Common Value of Residing in Dubai
Residing bills are expenditures which can be required for mandatory survival. It will comprise of housing, meals, clothes, healthcare, and transportation, to call a couple of. Any leisure charges wouldn’t be accounted for underneath dwelling bills.
When figuring out dwelling bills, housing makes up a substantial chunk of the funds. On common about 30% of dwelling bills shall be put onto housing, adopted by transportation and meals, making up 15% every.
The month-to-month bills vastly differ with household measurement as properly. Here’s a small overview for a fast reference for whole prices relying on the dimensions of your loved ones.
Dubai has develop into extra reasonably priced in 2021 as a consequence of a constant decline in hire, property costs, value of training, transportation, and eating out, amongst others. Numbeo information confirmed that the typical value of dwelling for a single particular person decreased by 89.2% in 2021 in comparison with 2020. Whereas, the estimated value of dwelling for a household of 4 decreased by 32.6%.
Single Particular person
AED 8,972 (USD 2,443)
AED 3,435.71 (USD 935.35)
Household of 4
AED 16,478 (USD 4,486)
AED 11,863.31 (USD 3229.69)
Bills of Residing in Dubai
Housing, Rental & Utilities
Residential prices will rely on the place you select to dwell, and the place you select to dwell in Dubai shall be extremely depending on the place you’ll do enterprise.
Here’s a desk for a fast reference concerning residential hire.
Sort of Condo
Value of hire per thirty days
Condo (1 bed room) in Metropolis Centre
AED 5,528.59 (USD 1,505.28)
Condo (1 bed room) Exterior of Centre
AED 3,687.32 (USD 1,003.95)
Condo (3 bedrooms) in Metropolis Centre
AED 10,799.55 (USD 2,940.41)
Condo (3 bedrooms) Exterior of Centre
AED 7,490.97 (USD 2,039.58)
The Jumeirah Lakes Tower (JLT) is amongst one of many extra common residences in Dubai. This can be a common district space for expats, alongside Dubai Marina, Jumeirah Seaside Residence (JBR), and Dubai’s Outdated City, which all have comparatively related rental costs.
Rents in these areas are comparatively costly in comparison with the remainder of Dubai, with the common rental worth for a one-bedroom condo in JLT being round AED 66,236 (USD 18032.23) per yr or AED 5,519.66 (USD 1502.68) per thirty days. Nonetheless, expats select to dwell in these areas due to the group, and close by facilities are normally extra appropriate for his or her wants.
Dubai Rental Worth Comparability: Prime Locations to Stay in Dubai for Expats
Cleansing companies for lodging additionally fall underneath the housing class in dwelling bills. This service is normally supplied by hiring home assist which is sort of frequent in Dubai. The charges differ relying on the premise of cleansing however sometimes a full-time home helper would are available in on common at AED 2,700 (USD 735) per thirty days and a part-time home helper that is available in as soon as every week (3-hour service) prices round AED 390 (USD 106) per thirty days.
Dubai Schooling Prices
Whereas expat youngsters are allowed to attend each private and non-private faculties within the UAE, they have to pay charges no matter which kind they choose, as free authorities education is simply accessible for Emirati nationals. For expats involved in public faculties, the annual tuition charge has been capped at AED 6,000 (USD 1,635) per yr.
Worldwide / Non-public Faculties
Dubai has simply over 200 non-public faculties servicing round 300,000 Emirati and expat college students. Out of all of the UAE, Dubai is the one emirate that has applied annual tuition caps forbidding faculties from rising their charges at unreasonable quantities yearly. On common, Worldwide faculty charges vary between AED 12,723–64,093 per yr (USD 3,46.84–17,446.32).
It have to be famous that faculty charges additionally rely extremely on the varsity location, it varies with a major deviation, and a whole overhaul may be seen right here.
Dubai has 65 faculties with a large number of various disciplines. They cater to each Emirati and expatriate college students. Nonetheless, public universities in Dubai use Arabic because the medium of instructing while most non-public universities educate utilizing English. Whatever the college, expatriate college students are required to take Arabic lessons for language improvement. The common value for an undergraduate diploma or a graduate diploma in whole could be AED 173,400 (USD $47,209) or AED 54,800 to 82,200 (USD $14,919-22,379) respectively.
Dubai Transportation Prices
Driving in Dubai might be the simplest method to get round, and because of a budget gasoline costs, the price of working a automotive is cheap. Additionally it is necessary to notice that site visitors congestion ranges in Dubai are fairly excessive, making it tough to journey throughout peak hours of the day. Choosing public transportation might be your greatest wager if you need to commute day by day to and from work.
The price of shopping for a automotive significantly will depend on the situation. To provide a benchmark, the 2018 Toyota Corolla is essentially the most generally pushed automotive within the UAE and fetches a worth of AED 70,900. Implementing an everyday 20% down cost, a 5-year payback plan, and contemplating different prices, it might are available in at AED 20,800 per yr excluding the down cost. Nonetheless, when shopping for a used automotive, depreciation normally takes 20-40% off the full worth of the automotive. As of 2020, a used 2018 Toyota Corolla (2 years outdated) fetches a median worth of AED 48,878 (a ~32% low cost). The worth of gasoline has been secure in Dubai and is considerably cheaper than the world common with Dubai’s gasoline costing 1.79 AED per liter while the worldwide common is 4.33 AED per liter.
Transportation Fares/Costs in Dubai
(per 1 km)
AED 2.44 (USD 0.66)
AED 5 (USD 1.4)
AED 300 (USD 81.67)
Common worth of 1 L petrol
AED 2.00 (USD 0.54)
Within the JLT space, there are two Dubai Metro stations making it extraordinarily handy for workers, residents and guests to entry areas within the premium district, DMCC. There may be additionally a bus service that travels across the group with stops all through.
For extra info on Public Transportation in Dubai, you may go to the Dubai authorities’s official web site.
Dubai Healthcare & Insurance coverage
Dubai Well being Authority has applied new laws whereby all residents, together with expats, will need to have medical insurance coverage. Whereas locals may be lined underneath the government-funded scheme, expats will have to be lined underneath non-public medical insurance schemes, that are normally bought by their employers.
Out of all seven UAE areas, Dubai is very recognised for its excessive customary healthcare system. As an expat, it is possible for you to to make the most of each private and non-private healthcare amenities.
Well being Card
Nearly all of expats dwelling in Dubai go for non-public medical insurance, primarily as a result of English is often spoken, and many of the medical employees are overseas medical doctors. However whereas Dubai’s medical public amenities are free for locals, expats can obtain a 50% low cost with a well being card. Well being card charges are as follows:
- Expatriate Price as much as 10 years – AED 120 (USD 32.67)
- Expatriate Price from 18 and above – AED 320 (USD 87.12)
- Nationals Price as much as 10 years – AED 25 (USD 6.81)
- Nationals Price from 18 and above – AED 120 (USD 32.67)
The above charges are one-time funds to acquire a well being card. Well being playing cards have to be reissued instead of an expired one (depending on age). To use for a well being care card, expats can go to the Ministry of Well being e-Providers web site.
The Important Profit plan
There’s additionally one thing in place for lower-income workers or non-working residents. Launched in 2014, the Important Advantages Plan (EBP) is the minimal degree of medical insurance cowl that every one residents in Dubai should meet. It gives important advantages at reasonably priced costs. Beneath is a breakdown of the annual premium package deal charge for EBP:
- Workers – AED 650-725
- Dependents (aged 0-65) – AED 650
- Non-working married females (aged 18-45) – AED 1,600
- Aged dad and mom – AED 2,500
- Common home assist – AED 650
For extra info, please go to Pacific Prime’s 2021 information to necessary medical insurance in Dubai.
Is Dubai actually that costly for expats?
Dubai has develop into a prime contender for cities to dwell in for expats, but stays one of many extra reasonably priced expat locations.
Pondering of transferring to Dubai for enterprise? If you wish to study extra, obtain our free ‘2021 Dubai Free Zone Information’ to study the whole lot it’s worthwhile to find out about transferring and establishing in the appropriate free zone.