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The question of the cost of living in Dubai is multifaceted and depends on many factors, such as personal lifestyle, number of family members and individual requirements. Dubai remains a favourite destination for many expats as it offers both professional and personal benefits. In this article, we take an in-depth look at the various costs involved in everyday life in Dubai.
Rental prices in Dubai have stabilised in recent years and are now comparable to those in large German cities such as Munich. However, the price range is highly dependent on the location and the specific features of the flat.
Here are some guide values for annual rental costs:
Modern apartment complexes in Dubai often offer additional amenities such as swimming pools, gyms and communal areas. However, it is important to keep an eye on the additional costs. These can range from AED 10,000 to AED 20,000 per year, depending on consumption of air conditioning, electricity and gas.
For those looking to buy property in Dubai, it is important to know the right areas where foreigners (expats) can buy property. The purchase options are divided into two main categories:
Choosing the right property option can be crucial, especially if you have long-term plans in Dubai.
Another important aspect is the cost of education. Unlike in Germany, there are no free public schools in Dubai. All educational institutions are private and fees vary greatly:
Choosing the right school is not only a financial decision, but also a question of the quality of education and the educational philosophy.
Insurance premiums in Dubai are relatively favourable compared to many European countries. For car insurance, the cost is usually between 4% and 6% of the value of the vehicle. Health insurance is also more cost-effective, with basic insurance for the self-employed available from around AED 8,000 per year.
In addition, prices for vehicles can vary. Used cars are often 20% to 40% cheaper than in Germany, while new car prices can be up to 20% lower than European prices due to lower import duties and taxes.
The cost of food can vary greatly and often depends on the origin of the products. European brands are often more expensive, while local and Asian products are often cheaper. If you are shopping in Dubai, you should be prepared for different price levels and explore the markets and supermarkets.
One important point that expats should bear in mind is that there are no state benefits such as unemployment benefits in Dubai. This means that self-employed people and employees without reserves often have to rely on their own savings in difficult times.
Conclusion: The cost of living in Dubai offers a wide range of options, which can vary greatly depending on your personal situation. With the support of Nexus Pro, you will receive valuable information and guidance to help you navigate the challenges of emigration and make an informed decision. Contact us to learn more about your options in Dubai and how we can help you successfully establish yourself in this dynamic market!
