Cost of living in Dubai for expatriates in 2024: Complete guide

Moving to a new country is an exciting adventure, but it’s essential to understand the cost of living. If you’re considering settling in Dubai in 2024 for job opportunities or to start a business, here’s a detailed guide on the financial landscape you can anticipate in the Emirates.

Why Choose Dubai?

Dubai continues to attract expatriates thanks to its dynamic economic growth. Although living costs have risen since 2023, they remain lower than in major metropolises like London, Singapore, or Hong Kong. The absence of income tax and a competitive corporate tax rate of 9% compared to 20% in many Western countries make Dubai an attractive option for many professionals.

Key Expenses to Consider

Life in Dubai offers numerous opportunities, but it also requires careful financial management. As an expatriate, it’s crucial to understand the different categories of expenses that will influence your monthly budget. These costs can vary widely depending on your lifestyle choices, whether it’s housing, education, utilities, or leisure activities.

Housing in the United Arab Emirates

Housing prices in Dubai vary significantly depending on the location and amenities. On average:

One-bedroom apartment in the city center: between 7,000 and 10,000 AED per month.
Two-bedroom apartment: between 9,000 and 15,000 AED, ideal for small families living in Dubai in 2024.
Three-bedroom villa: between 15,000 and 30,000 AED, often with a garden or pool.

It’s also important to consider the rental process, which may involve payments in multiple checks upfront, a common practice in Dubai. Most landlords require payment in one or more checks, which can affect your monthly budget. Additionally, new tenants must register through the Ejari system, which formalizes the lease and records the information with the government. This step is crucial for ensuring the legality of your lease and may incur additional fees.

For those on a tighter budget, cheaper options such as studios or apartments in less popular areas like Al Qusais or Deira can significantly reduce housing costs, with rents as low as 2,500 AED.

Monthly Utility Bills

Monthly utility bills can vary based on usage:

DEWA (Dubai Electricity and Water Authority): For a one-bedroom apartment, expect bills between 400 and 600 AED, especially during the summer months due to increased air conditioning use. It’s also important to include in your DEWA bill an additional 5% of your annual rent, divided over 12 months, and add this amount to your monthly consumption.
Air Conditioning: Some buildings charge separately for air conditioning, which can add about 500 to 600 AED per month for a T1 apartment. This should be factored into your budget.
Internet & TV: Packages range from 300 to 500 AED monthly.
Mobile Bills: Expect between 200 and 500 AED depending on your usage.

Considering these utility expenses is essential for managing your budget effectively as an expatriate in Dubai.

Food Expenses

Dubai’s culinary scene is vibrant, offering a multitude of options to suit all tastes and budgets. Whether you’re looking for a quick meal or a more refined dining experience, Dubai has something to satisfy your palate.

Dining Options

Fast Food: If you opt for a quick meal, expect to spend between 20 and 40 AED. Many fast-food outlets and small stalls offer tasty and affordable dishes.
Mid-Range Restaurants: For a meal at a more traditional or trendy restaurant, prices typically range from 50 to 80 AED per person. These establishments often feature diverse menus reflecting the city’s culinary variety, from Middle Eastern cuisines to international dishes.

Monthly Grocery Estimates

For those who prefer cooking at home, here’s a breakdown of average monthly grocery prices in the UAE:

Staples: Between 200 and 400 AED, including bread, rice, and pasta.
Fruits and Vegetables: Expect to spend between 300 and 600 AED, depending on the season and types of products purchased. Local markets often offer competitive prices for fresh produce.
Dairy Products: Costs range from 200 to 400 AED, including milk, cheese, and yogurt.
Meat: Prices can go from 400 to 800 AED, depending on the quality and type of meat (chicken, beef, lamb).

Food Budget

Overall, for a balanced diet, it’s reasonable to budget between 1,200 and 2,700 AED per month. This amount will depend on your eating habits and how often you dine out versus cooking at home.

Dubai offers a rich and varied culinary experience, with options for every budget, allowing everyone to savor local and international cuisine.

Healthcare Costs

Dubai’s healthcare system is renowned for its high standards, offering both public and private options:

Public Health Services: Available for residents at a nominal fee, but private healthcare is often preferred for quicker access, especially compared to healthcare prices in France.
Health Insurance: All residents must be covered, with costs ranging from 700 to 1,500 AED per month.

Education: A Key Element of Life in the UAE

Dubai offers virtually no public education options for expatriates, leaving families with international schools as the primary alternative. Here’s an overview of the educational landscape:

International Schools

International schools are the only viable option for expatriate families in Dubai. Tuition fees vary from 30,000 to 100,000 AED per year, depending on the school’s reputation and facilities. These schools offer curriculums in English, such as British, American, or International Baccalaureate, making it easier for children to adapt to an educational environment that meets their needs.

Public Schools

Public schools in Dubai are generally not accessible to expatriates. They are primarily reserved for Emirati citizens, meaning expatriates must turn to private institutions for their children’s education. This lack of access to public schools reinforces the necessity for families to consider international options, often seen as a guarantee of quality education and an inclusive school environment.

Higher Education

For higher education, tuition fees range from 40,000 to 80,000 AED per year, depending on the institution and programs offered. This remains an option for those wishing to continue their studies after high school.

In summary, for expatriates living in Dubai, international schools are essential given the inaccessibility of public schools.

Transportation Options in Dubai in 2024

Getting around Dubai in 2024 is straightforward thanks to the variety of transportation options available:

Public Transport

Dubai’s bus network covers most of the city, with fares starting at 3 AED. This system is convenient and economical, effectively linking different neighborhoods. Buses serve nearly all areas of Dubai.

Dubai Metro

The metro is a fast and efficient mode of transport, with fares varying based on the distance traveled. It is particularly valued for its punctuality and cleanliness, facilitating travel to major attractions in the city. However, the metro network is unfortunately still limited in some areas of Dubai, leaving neighborhoods underserved. Nevertheless, the government plans to expand the network with the addition of new lines, including the blue line, to enhance connectivity and meet the growing needs of residents and visitors.

Taxis

Taxi services are also widely available, with a starting fare of 12 AED. Taxis are convenient for direct trips, especially if you want to avoid public transport.

Car Ownership

For those who prefer more flexibility, owning a car can be practical, though it is often more sensible to rent a vehicle for short stays. This allows you to explore Dubai at your own pace, especially in areas less accessible by public transport.

How to Settle in Dubai?

Among the solutions for establishing yourself in the Emirates, creating a freezone company, a mainland company, or obtaining a freelance permit in Dubai are attractive options. Our firm is here to assist you in setting up your business and obtaining Dubai residency visas for you and all your family members.

Dubai is a dynamic city where the cost of living can vary significantly based on individual choices, especially compared to France. Therefore, it’s advisable to plan carefully and conduct thorough research before making decisions.