Is it really expensive to live in Dubai?
According to the Mercer Cost of Living, Dubai is an expensive city. It ranked as the 23rd most expensive out of 209 destinations. However, it is about 25\% less expensive than New York City – and about 4\% less expensive than nearby Abu Dhabi. As such, depending on where you live now, Dubai might look like a bargain.
Is rent in Dubai expensive?
Is rent expensive in Dubai? On average, rent in Dubai is around 26.99\% cheaper, restaurants are 25.97\% cheaper and groceries are 27.25\% cheaper when compared to Chicago6. Public transport is also cheaper7, and the unemployment rate is lower.
Is it cheap to rent in Dubai?
While property experts say housing costs are getting cheaper, tenants in Dubai are still seeing apartments that cost more than the whole year’s salary of a low-income earner. In International Media Production Zone (IMPZ), residents can rent flats for about half the price at Dh50,000.
How much is the cheapest rent in Dubai?
According to Asteco, the most affordable place to rent in the city is International City. Average rents in the area start from Dhs25,000 for a one-bedroom apartment. Next it’s Jumeirah Village, Dubai Sports City and Deira with rents on average starting from Dhs35,000 for a one bedroom apartment.
What is the cheapest area in Dubai?
5 most affordable areas to live in Dubai
- Dubai International City. International city tops the list of most affordable rent areas in UAE.
- Deira. For people having a low budget, Deira will be one of the best choices.
- Dubai Silicon Oasis.
- Dubai Sports City.
- Jumeirah village circle (JVC)
Can you live cheap in Dubai?
LOOK FOR AN AFFORDABLE NEIGHBOURHOOD Many people have questions regarding where to live on a budget in Dubai. Some of the best areas to rent cheap apartments include Dubai South, International City, Dubai Production City and Dubailand, where the average annual rent for a 1-bedroom flat starts from AED 20k!