Living in Dubai may be both affordable and high. It depends on how you choose to live in Dubai and your life style. You can be lavish and spend much on entertainment in nights and increase your cost of living or you can be spend thrift and save some money. You can also choose a middle path and keep your spending within the budget.
It does not mean that you stay within the four walls of your home all the time and do not enjoy and entertain. After all Dubai is a place for enjoyment and entertainment. But should learn to spend in limits despite the fact that your salary and other perks will be high. If you do not learn to save some money you bank account will soon start showing negative balances.
Dubai is very popular among the foreigners due to its economical growth. Its population is also on the rise. It has also the flaws of inflation and all other characteristics which are seen in the modern economy. So the cost of living in Dubai is also very high if compared even to even America. The reason of this high cost of living is high standard of living in Dubai. People like to indulge in wine and dine as a routine. In Dubai there is no personal income tax. So people have more surplus money to spend and they spend this surplus money on luxuries.
The rents in Dubai are very high. There are very less number of houses in Dubai available for rent. So the rents of available properties are quite high. It is also not easy to buy a property in Dubai. Even if you are able to afford the cost of the property there will be very few properties which are ready to move.
After rent the expenses on entertainment and social activities are the second highest expenditure you are likely to incur. It is quite common in Dubai to have your meals outside in some hotel frequently after working hours.
After these two most heavy expenses you will have to spend the major portion of your money on utility bills. These utility bills are comparable and even higher to those in the west. Then you have to spend money on your insurance, car, schooling of your children and health. Many other expenses like these may make your spending budget high. When all the above are added living in Dubai becomes very expensive.
It has already been said before that the rent of the properties Dubai are very high. So if you are going to Dubai for a job you should negotiate with your prospective employers so that they provide an accommodation to you along with the salary and perks. You may also ask your employers to give to housing allowance which is quite common in Dubai. If your company is not providing accommodation then you may consider sharing an accommodation with others. You may also negotiate with your employers on matters like your fuel cost, family visits to home, health insurance and schooling cost of children etc.
In short you will to balance your expenditure and earnings. If you want an easy living in Dubai and save something you will have to decide on your priorities and spend accordingly.
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