Cost of living in the UAE
Life in middle-east countries differs a lot from the European vision and way of life. We must respect such countries as the UAE for their ambition to be best of the best and provide the most luxurious lifestyle.
Among other things, this is one of the reasons many people from all over the world are attracted to this Arabian paradise. They come to acquire a memorable experience and learn something new about the country. At the same time rulers and citizens of the UAE learn and use the great experience of other cultures, especially if they do not contradict Muslim values. Firstly, they are trying to reach the highest standards of education. Specialists with UAE diplomas are welcomed and valued in each and every country in the world. However, foreigners and non-residents will face some difficulties in finding their own place under the Arabian sun, due to the specific nature of Arabian culture and traditions. Therefore, the cost of living is an important subject for those who have decided to move to the UAE.
Regarding education, it should be mentioned that it is not free for foreigners. The cost of pre-school education is around €2,000 a year, while school fees in Dubai can be up to €35,000 a year. The UAE has a 12-year educational system.
One square metre of residential property in the UAE ranges from €2,000 to €3,000. There is also an opportunity to rent a property for 99 years, and later buy it outright. If you decide to rent a 1-bedroom apartment it will cost you a minimum of €1,500 a month. Utility payments, air-conditioning services and some other expenses, which will cost you around €500 a month, have to be paid separately.
Foreigners who decide to buy residential property in the UAE will be pleased to know that housing tax is only 5% and the registration fee is 2%. Such low taxes are made to encourage foreign investment. Also, any money you have earned whilst working in the UAE will not be taxed at all.
Food prices in Dubai are also very attractive and compare favourably with many European countries; they are either the same or sometimes even lower. If you decide to move to the UAE, this factor, together with the high level of medical service and other services generally, will make your life there extremely pleasant and comfortable.
The average cost of living in Dubai, which includes accommodation, food, buying clothes, other everyday domestic items, and medical services, will be somewhere between €3,500 - €5,000 (per person), depending a lot on which location in the emirates you choose to live. Around 55% will be spent on accommodation, 5% on food. Please note that other expenses such as education, car servicing, etc., are additional.