Rent prices in London are more than 50% higher than those in Dubai, while groceries cost around 35% more. While Dubai is at number 23, which is still pretty high, the UK capital is at the 19th spot.⁷ Lunch for two (Three courses, mid-range restaurant)Īccording to the Mercer’s Cost of Living survey, London is actually slightly more expensive than Dubai. One bedroom flat in city centre (monthly rent) Wise provides a quick service and low flat fees to transfer your cash so this can be a much better deal than relying on your home bank.Īdditionally, the following chart can give you an idea of general pricing for day to day expenses in Dubai compared to some other major cities in the world (shown in AED) Comparing basic cost of living To get a better deal, you could use an exchange service like Wise, which applies the same mid-market rate you’ll find on Google and Reuters. Even if your bank says it offers fee-free money exchange, you can be sure that its cut is rolled up in the exchange rate it uses.
One major factor that adds expense for expats in Dubai, is the cost of converting cash to AED from your home currency.
You can find out the exact value of your money in AED, using an online currency converter - but the list below shows the approximate value of AED at the time of writing, compared to a few major currencies:¹ The official currency in Dubai and the United Arab Emirates is the dirham (written as AED - Arab Emirate Dirham - on currency exchanges). Using a service like Wise could help you reduce your overall costs as now you can send, receive and organise your money internationally without hefty fees.ĭubai is always dubbed as one of the most expensive cities in the world for tourists to visit, but what are the costs to actually live there as an expat? Read on and find out! How expensive is Dubai in comparison to the UK, the EU, the USA and Australia? In fact, the opportunity to live well in an interesting place is exactly why many foreigners go there.
The standard of living in Dubai is very high. Whether you’re retiring, temporarily relocating or moving to Dubai for good, it’s helpful to have a picture of what life there will cost as an expat.
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