If you are considering moving to Dubai for work or already living and working there, one of the most important factors to consider is your salary.
What is a very good salary in Dubai?
Dubai is one of the most expensive cities in the world, so it’s no surprise that salaries here are generally higher than in other countries. However, what constitutes as a “very good” salary can vary depending on your profession, experience, and lifestyle.
Profession Matters
The first thing to consider when determining a good salary in Dubai is your profession. Some industries pay more than others, so it’s important to research average salaries for your specific field.
For example, if you are working in finance or oil and gas industry, you can expect a higher salary compared to someone working in hospitality or retail. According to Gulf News, the average monthly salary for finance professionals in Dubai is AED 26,625 (USD 7,244), while those in the hospitality industry make an average of AED 5,000 (USD 1,361) per month.
Experience Matters
Your years of experience also play a significant role in determining your salary. Generally speaking, the more experience you have, the higher your salary will be.
A recent graduate may start with an entry-level salary of AED 5,000 (USD 1,361) per month while someone with five years of experience may earn around AED 10-15k (USD 2.7-4k) per month. However, someone with over ten years of experience could potentially earn upwards of AED 30k (USD 8k) per month.
Lifestyle Matters
Your lifestyle also plays a role when determining what a “very good” salary is for you. Do you want to live in a high-end apartment in Dubai Marina or are you willing to live in a more affordable area?
Do you want to eat out at expensive restaurants every night or are you happy with cooking at home most of the time? These decisions will impact how much money you need to make to maintain your desired lifestyle.
The Bottom Line
Ultimately, what constitutes as a “very good” salary in Dubai depends on your profession, experience, and lifestyle. However, according to Gulf News, a monthly salary of AED 10,000 (USD 2,722) or more is considered good for most professions and industries in Dubai.
- If you are single and living alone, this salary should be enough to cover your basic expenses like rent, utilities, food, and transportation.
- If you have a family and kids that go to international schools or expensive nurseries, then your monthly expenses will be higher and require a higher salary as well.
Keep in mind that Dubai is an expensive city, so it’s important to negotiate your salary before accepting any job offer. Make sure to do your research on average salaries for your profession and experience level so that you can negotiate effectively.
In Conclusion
A “very good” salary in Dubai depends on various factors such as profession, experience level, and lifestyle. However, a monthly salary of AED 10k (USD 2.7k) or more is generally considered good for most professions and industries in the city.
Remember that it’s important to do your research beforehand so that you can negotiate effectively and ensure that your income covers all of your expenses while still allowing room for savings and enjoyment.