What is the Average cost of Living in Dubai?
Dubai is known for its modern nightlife, modern architecture, and luxurious shopping. From unique attractions to unmatched architecture, this stunning city has so much to offer.
Groceries:
Fresh meat and fruit are more reasonably priced in Dubai than they are in other large global cities. As might be expected, imported goods are usually more costly.Furthermore, there are plenty of hypermarkets and supermarkets in Dubai, including Carrefour, Spinneys, and Lulu, and they frequently have good deals and discounts.
Transport:
In Dubai, there are multiple public transportation options, such as buses and the metro. In Dubai, a single bus ride costs between AED 4 and 8 (1-2 USD), while a monthly metro pass costs about AED 350 ( 96 USD).
Utilities:
It's essential to budget for utilities because they can add up, especially basic utilities and essentials like a phone plan. The size of your staying or how much you use it will determine how much they cost.
Leisure:
A few of the most well-liked activities are going to the beach, and theme parks, eating out, and exploring all of the malls and shopping centers in Dubai. There are many different types of attractions in Dubai, and they range widely in price. This means that there are enjoyable and reasonably priced activities throughout the city, regardless of your budget.
Invest in an off-plan property or one that is ready to move in?
Agency Fees:
Using a real estate agent requires you to pay 2% of the purchase price in fees, to which you also need to add 5% VAT.
Service Fees:
Property owners are required to pay the Dubai Land Department annual maintenance charges, which are calculated by the RERA Service Charge and Maintenance Index and can vary for each community. This sum will be used for the maintenance of a building or community's common areas.
DLD Charges:
A percentage of the sale price of 4%
Extra Costs:
It's important to understand all costs related to purchasing a home. Remember that the purchase price you deal for is just the beginning, not the end sum.
Insurance Fees:
Calculate 1,000 AED for your house insurance. It is highly advised to purchase house and contents insurance even though it is not required because it provides protection against potential loss or damage from theft, accidents, fires, or natural disasters.
Registration Fees:
Properties valued at less than AED 500,000 will likely run you AED 2,000 + 5% VAT, while properties valued at more than AED 500,000 are likely to cost AED 4,000 + 5% VAT.
