Thinking about relocating to Dubai? Great choice! Let’s bring you up to speed about the cost of living in this city of the future.
The cost of living in Dubai is relatively high compared to other cities in the Middle East, but it is still considered affordable when compared to other major global cities. Naming names — it’s affordable on a Prague level. And is way cheaper than New York, London, Sydney, or even Berlin.
According to Numbeo, a family of 4 estimated monthly costs are 12,942 AED without rent. A single person estimated monthly costs are 3,743 AED without rent. Keep in mind, that the rent will take 40% of your monthly budget.
Here are some other estimates of the cost of living in Dubai in 2023:
1. Housing: The cost of housing in Dubai varies depending on the location and size of the apartment. A 1-bedroom apartment in the city center costs on average around AED 7,000 per month, while a 3-bedroom apartment can cost around AED 13,000 per month. A 1-bedroom apartment outside the city center will cost about 4,000 per month on average. A 3-bedroom apartment outside the city center can cost around AED 7,600 monthly.
2. Transportation: Dubai has a well-developed public transportation system, including buses, taxis, and the metro. A one-way ticket on the metro costs around AED 6, while a monthly pass costs around AED 345. Taxis are also readily available, with fares starting at AED 12.
3. Food: Dubai has a wide range of food options, including local Emirati cuisine, Middle Eastern, and international cuisine. Eating out can range from AED 40 for a simple meal to AED 150 for a 3-course meal in a mid-range restaurant. Groceries can also be expensive, with prices for essential items like bread (AED 5) and milk (AED 26) being higher than in other cities.
4. Utilities: The cost of utilities and internet in Dubai is relatively low. The average monthly cost of utilities (electricity, heating, cooling, water, garbage) for a 915 sq ft apartment is around AED 700. Internet is about AED 345 per month.
5. Entertainment: Dubai is known for its entertainment options, including shopping malls, theme parks, and cultural attractions. The cost of entertainment can vary widely, with tickets to theme parks costing around AED 200 to AED 400, while admission to museums is usually free. A movie ticket for an international release costs AED 47.
The cost of living in Dubai can be high, but it is still possible to live comfortably on a moderate budget. It’s essential to plan your expenses carefully, especially if you’re moving to Dubai for the first time, and to take advantage of any discounts and special offers that may be available. And we will always be happy to advise you on the best payment option if you decide to invest in our projects in Dubai!