According to Salary Explorer, the average salary in Dubai is 258,000 AED per year (70,256 USD as per exchange rates in 2023). This figure can help you get an overview of Dubai's economy and its standard of living.
To live comfortably in Dubai, you should expect a salary of at least 10,000 to 15,000 AED. This should allow you to cover your rent and bills and have enough disposable income to enjoy Dubai to the fullest.
Let's begin. If you don't want to read the whole blog, here is the bottom line; a salary of AED 10,000 - 15,000 (USD 2,700 - 4,000) a month is considered pretty decent with the potential to save a good amount, while a salary of AED 15,000 - 20,000 (USD 4,000 - 5,400) per month and more is considered very attractive.
This makes a salary of anything between AED 15,000 - 20,000 (USD 4,100 - 5,450) and above very attractive, and an AED 10,000 - 15,000 (USD 2,700 - 4,000) salary pretty good too. This is not to say that this is the average salary in Dubai. People earn a lot less, and some folks can earn a lot more too.
Well 70,000 AED is a very good salary, infact only top position managers and ceo draws such salary. With 70,000 aed you can live a luxurious life along with your family in Dubai.
Dubai has a good average salary range, extending from a monthly salary of 4,810 AED (1,310 USD) to 99,000 AED (26,956 USD) per month.
You can live very comfortably here, but it is easy to overspend if you don't know what you are doing. For instance, you can pay 300,000AED a year or 150,000AED a year for a villa, with only small differences to your lifestyle. It's a good.
In the private sector finance and accounting industry, the highest salaries start from AED70,000 to AED150,000 per month in Abu Dhabi, whereas in Dubai, the highest salaries begin from AED65,000 to AED130,000 per month. Read More on the Topic: UAE announces new 2023 Emiratisation deadlines.
Summary of cost of living in Dubai, United Arab Emirates: A family of four estimated monthly costs are 3,772.5$ (13,856.1AED) without rent. A single person estimated monthly costs are 1,080.7$ (3,969.4AED) without rent. Dubai is 34.0% less expensive than New York (without rent).
100,000 AED is good above average salary for an expatriate.
Around 80% of the emirate's population is made up of expatriates, partly because of the high quality of life and the attractive salaries. The average salary in Dubai is AED 21,500 per month, which is equivalent to USD $5,853. The salary of a worker in Dubai is therefore on average higher than in Western countries.
AED 80,000 per month would probably put you in the top 5 percentile of the population of UAE. which means, with that kind of income, you can expect all luxuries, comforts and fun in Dubai.
If you live a 'normal' lifestyle (ie not a flashy car, not lots of weekend brunches at 5* hotels) then 50k per month might work. School fees can be anything from 50-80k AED per year for good schools. Usually can pay termly, so three payments per year.
Renting a House or Apartment
The average rent in the UAE ranges between 30,000 to 50,000 AED (8,100 to 13,600 USD) per year for a studio apartment. One-and two-bedroom apartments range between 70,000 and 100,000 AED (19,000–27,220 USD).
Well 30k AED is considered as rare and the best salary in the UAE as you can have a good lifestyle even with your family including two kids and save a good part of your salary.
Dubai's public healthcare services are available for free (or at a very low cost) to Emirati nationals. Expats in Dubai can access public healthcare services, but they must pay for a health card, and then pay a fee each time they use the services.
Absence of taxation
There is currently no personal income tax in the United Arab Emirates. As such, there are no individual tax registration or reporting obligations.
Is Dubai Expensive? Yes. Dubai came in at number 31 in a 2022 Mercer survey ranking the cities with the highest cost of living in the world. However, Dubai is still more affordable than other famously expensive cities like Singapore, London and New York City.
In the United Arab Emirates, for example, $922,000 is the annual pretax income required to bump you into the 1%. In much of the developed world, by contrast, an income of $200,000 to $300,000 will land you in the top 1%. In America, where income inequality has widened, it takes $488,000 to enter the top 1%.
There are three distinct social classes in Dubai: the Emiratis, the upper class consisting of the wealthiest citizens; the expats, the middle class consisting of foreign workers such as merchants; and the migrant workers, the lower class consisting of impoverished laborers working and living in horrifying conditions.
AED 80,000 per month would probably put you in the top 5 percentile of the population of UAE. which means, with that kind of income, you can expect all luxuries, comforts and fun in Dubai.
55K AED per month is certainly not a small amount of money. However, depending on the cost of living in Dubai and the family's current lifestyle in the US, it may not be sufficient for maintaining the same standard of living.
The average Australian would need to earn over $300,000 a year to consider themselves as officially "rich", new research has found.