When planning a move to the UAE, consider the factors that will affect the cost of living in UAE. The UAE offers an excellent standard of living, so the cost of accommodation will be the most considerable overall expenditure. While a home near a business district will cost more than a suburban one, a large family home will cost about the same as a London flat. Utility costs in the UAE are much lower than in the UK and include common fees and upkeep. Air conditioning and water are both included in the cost of living.
The rising cost of living in UAE is partly the result of an increasing number of expectations, including higher inflation in the future, as the economy experiences a tightening liquidity condition. Other factors that contribute to the rising costs of living in the UAE include world food prices and the decline in the value of the US dollar. However, the country’s steady economic growth is also a contributing factor to the rising costs of living.
Rent in Dubai
Whether you’re looking to rent an apartment, condo, or villa in Dubai, you’ll need to know how much it costs to live here. Rent is the largest expense in the UAE and varies widely depending on the district and the features of your property. You can save money by renting a furnished apartment or a one-bedroom, two-bedroom, or three-bedroom house. This will allow you to spend your money on other important things, such as travel and entertainment. In the UAE, 70% of the population rents a living space. Almost all agents speak English and can help you find a suitable apartment.
In the past, landlords would require one full year’s rent as a rental deposit. However, you can negotiate this fee by providing pre-dated checks for the entire year. You can also opt for month-to-month payments outside city centers. In general, rental contracts are one-year long, and they come with heavy penalties if you choose to break your contract early. For this reason, it’s important to look at a rental property in person before signing a lease.
Expat health insurance in Abu Dhabi is available from a number of different sources. Those looking for a cheap health plan in the UAE should check out APRIL International. They offer comprehensive medical coverage for short-term stays and tailor their plans to fit your lifestyle. The UAE offers incredible opportunities for expatriates, from world-class healthcare to exciting growth in the tech startup space.