Expats leave their home countries for the sake of the best life and to get big achievements. No doubt UAE is an ideal destination for expatriation but it is also expensive to live. The money you require to survive in the UAE in 2024 is different in terms of different factors such as Accommodations, location, transportation, utility, Education, Health care insurance, and groceries.
Expats move to UAE for its stable economy, friendly environment, innovations, and a lot of business opportunities that’s the reason expats prefer UAE.
Day by day inflation is increasing but still people trust UAE that’s why 90% population is based on expatriation.
However, before moving to UAE, you need to keep the basic things in your mind to survive in the UAE that are basic expenses, maintaining expenses, relevant necessities etc.
Housing:
As an expat you get the opportunity for accommodation but it is also mandatory to know that some companies do not provide accommodation services. If you live on rent so one bed room apartment ranges from AED 4000 to AED 8000 and it can also exceed due to expenses.
When you move from one place to another, housing is the biggest expense. If you are single Studio apartments and villa are cheapest housing. These apartments can be affordable for family of four and couples and it would be beneficial for you to survive in UAE.
Food groceries:
Grocery is the basic need for each individual and it can be expensive based on preferences. If you are single then your grocery budget ranges from AED 1000 to AED 2000 for one month. Furthermore imported products are considered more expensive but there are also supermarkets and hypermarkets which are affordable and have some discounts their names are Lulu, spinneys, Carrefour, and union cooperative.
Additionally, in 2024 most of the people prefer online grocery and it is expected to grow CAGR of 20.2% and will reach $2.3 billion by 2024.
Utilities:
The price of utilities can vary based on its usage, location, and different factors such as electricity, gas services, water, bills garbage, internet, etc. There are some landlords who include utilities in rent price but it does not happen always.
Expats have the opportunity to get utility services through DEWA, its cost varies based on season and the usage of AC which is used more in hot weather.
Transportation:
UAE provides you a developed transportation system and they have reasonable prices for you, like taxis, buses, metro and other convenient services. Whereas uber and careem would be expensive in terms of transportation. If you are passionate to buy a car it can cost from AED 42,999 and AED 95,900.
You can also apply for Nol card or silver travel pass card, it has validity from one month to one year, so it is would be profitable for you in case when are you financially not bold.
Is it expensive for expats to live in UAE in 2024?
The money requirement varies for individual and couples. Expats who live near city require more money to survive on the other hand expats who live outside the city can get the opportunity of housing on cheapest price.
The inflation rates are increasing on every day over all it was counted 3.6% in January 2024 and in December it was 3.3%. You can live comfortably in UAE if you earn from AED 10,000 to AED 15,000. In short, yes it is expensive to live in UAE, some emirates are very expensive for living like Dubai and Abu Dubai while some emirates are cheaper like Ajman, Umm Al Quwain, Ras al Khaimah, these emirates are 30% lower as compare to Dubai and Abu Dubai, and it daepends at you to maintain a good lifestyle.
For detail information visit our website https://moveto-uae.com we are here to help you.