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Cost of Living in Dubai: The Most Affordable than Other Global Cities in 2024

cost of living in dubai the most affordable than other global cities in 2024

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The cost of living in Dubai is always a discussion between the expats who are planning to migrate to this highly potential city. With a proper reply for that, some of the recent reports have shared insights on this topic. The world’s most extensive cost of living database has been released as an answer for all the concerns. Surprisingly, Dubai has not even come under the top 100 cities that hold the highest cost of living internationally. For a detailed understanding on this highly debated topic, continue reading.
cost of living in dubai the most affordable than other global cities

Dubai's Position in the Global Cost of Living Index:

Numbeo’s cost of living index indicates that, while considering the factors in various elements such as rent, groceries, restaurants, and local purchasing power, the cost of living in Dubai comes as the most affordable one. When rent is excluded from the equation, Dubai comfortably sits at 144th place, alongside cities like Belfast and Galway. For a family of four, monthly expenses are estimated at AED 13,966, while for a single person, it’s just over AED 4,022.

Comparing Dubai with Global Metropolises:

Let’s look at how the cost of living in Dubai compares to renowned cities like New York City lies lower. While NYC is imposing higher living costs, Dubai stands out as a more affordable option by being accessible for the people of any caliber. In fact, 11 out of the top 20 cities with the most expensive cost of living are in the United States, including NYC, Washington, and Los Angeles.

Dubai vs. European Capitals and Other Global Cities:

European capitals like London, Paris, Amsterdam, and Oslo rank higher when compared to the cost of living in Dubai. Additionally, major Australian cities like Sydney and Melbourne also exceeded Dubai in this aspect. Singapore, Seoul, and Toronto are among other global cities where the cost of living exceeds that of Dubai.

The Impact of Rent on Dubai's Ranking:

When it comes to rent, Dubai climbs to the 50th spot in the global cost of living index which clearly makes the city the most affordable option among others. This places it between cities like Toronto and Minneapolis. However, Dubai still falls below most major American cities and several European capitals even with rent considered.

Conclusion

Dubai has again proven that, in all terms, anyone who wishes to enjoy a quality life can migrate to this metropolis. Making all kinds of options available here, the cost of living in Dubai is making people opt for Dubai as their second home. Beyond that, in every sense it will stand as a home away from home feeling. The cost of living in Dubai doesn’t mean that you will be offered a poor lifestyle, but the most comfortable living at the most affordable price. While rent does elevate its ranking in the global cost of living index, Dubai remains relatively affordable compared to many other global metropolises.

FAQs

Is Dubai Expensive for living?

No, compared to any other global cities worldwide, Dubai is the only city that offers an affordable cost of living.

What is the average cost of living in Dubai?

For a family of four, monthly expenses are estimated at AED 13,966, while for a single person, it’s just over AED 4,022.

How much money do I need to live in Dubai?

It mainly depends on the chosen lifestyle, but a single person’s monthly expenses in Dubai are AED 4,000+ without rent.

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