Dubai is one of the most sought-after destinations for expats looking for better job opportunities and a higher standard of living. However, before moving to Dubai, it’s important to have a clear idea of what constitutes a good salary in this city. In this article, we will explore the factors that determine a good salary in Dubai.
Cost of Living in Dubai
One of the primary factors that determine a good salary in Dubai is the cost of living. Dubai is known for being an expensive city, and the cost of living here can be significantly higher than other cities around the world. According to Numbeo, the cost of living index in Dubai is 72.27 as compared to New York City’s 100.
Housing
Housing is one of the biggest expenses in Dubai. The rent for a one-bedroom apartment can range from AED 2,500 to AED 6,000 per month depending on the location and quality of the apartment.
Transportation
The cost of transportation in Dubai can also add up quickly. The average monthly cost for public transportation is around AED 350 per person. However, if you choose to own a car or take taxis frequently, your transportation costs could easily go up.
Food and Entertainment
Food and entertainment are other areas where you could end up spending a significant amount of money in Dubai. The average cost for dinner at a mid-range restaurant for two people is around AED 200-300.
Minimum Salary Requirements
In order to obtain a work visa in Dubai, there are certain minimum salary requirements that need to be met. According to UAE law, an individual must earn at least AED 4,000 per month in order to sponsor family members.
A Good Salary Range
A good salary in Dubai is subjective and can vary depending on a variety of factors, including your lifestyle and personal preferences. However, as a general rule of thumb, a salary range of AED 10,000 to AED 15,000 per month is considered good for a single person.
For Families
If you have a family to support, then your salary requirements will be significantly higher. According to Bayt.com, the average salary for an expat family in Dubai is around AED 40,000 per month.
Conclusion
In conclusion, the cost of living in Dubai is high, and it’s important to have a clear idea of what constitutes a good salary before moving here. While a good salary range can vary depending on individual circumstances, it’s generally recommended to aim for a range of AED 10,000 to AED 15,000 per month for singles and around AED 40,000 per month for families.