Living in Dubai on a REALISTIC Budget

[@tuomaskiv]

🇦🇪 Want to get set up in Dubai? Book a Free Consultation - www.genzoneconsulting.com/meetings/schedule-session/tk

[@buntzi]

Why do you have to pay extra for a gym membership? 90% of the buildings will have a gym ready available...

[@tuomaskiv]

@@buntzi because the gym in my building is not big enough

[@ricardomole6507]

Hello Tuomas, I am a facial surgeon, I passed the DHA exam and they are currently asking me for a license in Dubai, it is a process carried out by a company, I would like to know what places you recommend to be when I arrive, I intend to be a surgeon in Dubai, I hope there are opportunities

[@RizosKonstantinos]

Love the videos where they show the expenses and the different lifestyles so you can have as much realistic idea as possible for your decisions. Keep it up Tuomas.

[@tuomaskiv]

Glad you like them!

[@HijrahSigma]

Can you make a video on networking, making friends, social life in Dubai? Please

[@PrinceMC23]

Can you make a video on how banking works in dubai. How to create bank accounts, which banks to use, how to get loans etc etc

[@tuomaskiv]

I am making one soon actually

[@PrinceMC23]

Thank you! My plan is to come over there within the next few months to see if it’s a viable place for me to move within the next few years

[@hispantrapmusic301]

@@PrinceMC23have you found a job or do you have an online business ?

[@Stoicambition93]

That is a lot cheaper then I originally thought. I never even looked at how much the cost of living is in Dubai because I often see unrealistic lives being portrayed online but I’m glad I did some research.

[@tuomaskiv]

Yes, exactly

[@swagswagswagswagswag]

a video about the walkable areas of dubai / where you can live without owning a car would be cool

[@TIMEnayda]

Very helpful information Tuomas, thank you 🌟

[@DoctorRalphBugelmein]

I think for me personally, the slightly higher cost of living is worth it for the security you get being in the country. Low crime rates etc

[@becomebillionaire]

Congrats on 10k I'm very happy to see you grow 🪴🪴🪴🪴🪴🪴🪴🪴🪴🪴🪴🪴🪴🪴🪴🪴🪴

[@becomebillionaire]

📌❤️🤣🤣

[@xXdnerstxleXx]

If you want a budget lifestyle I recommend Deira. It's way cheaper than any city in western Europe.

[@Robmac90]

Great information, be good to understand average utility costs; electric/gas/ water/air-con etc thanks

[@FA6682]

I just got back from Dubai and asked the same questions. Your electric and gas will be similar to UK because of the air con system but there are no other additional costs such as council tax or road tax etc, only 5 dirhams per sqm of your property for maintaining the facilities in your housing complex and if it’s an apartment the costs is a bit higher - this is if you own the property, if renting then the landlord pays

[@Englishstories27]

The thing is when you compare the cost of living of Dubai with the western big cities it would be a good idea to compare the salaries as well. I don't if I am the poorest person but I find expensive.

[@oussamaalaoui9121]

If you are poor you will find food cheaper in dubai than Europe But you will be homless in both cases 😅

[@jebeno321]

Love this video, thanks so much!

[@mustaphaItani]

Super informative. Thank you

[@deanal-jackson4593]

This is why i laugh when people say dubai is expensive.. nah you just don't know how to compromise

[@tuomaskiv]

exactly!!

[@akibhussain4858]

Ok bro if dubai is not expensive take a room in burj khalifa

[@duckman03]

@@akibhussain4858as he said, you don’t know how to compromise. Not all of dubai is expensive.

[@protonracer123]

@@akibhussain4858probably the most low IQ comment I’ve ever read, learn what compromise means you braindead 🤡

[@ninaphilippe]

1 comment.. 1000 AED/Year for healthcare does not cover anything at all. This is mostly a Visa Insurance... You can anticipate something closer to 5000 AED per year to get something decent, and above 10 000 AED per head to start getting something reasonable to cover a random person at good hospitals.

[@valerieye351]

Hi bro, are you still in Dubai now? Will you come to BrokersView Expo next week？ It will be held on the 4th floor, Conrad Dubai, April 16-17, 2024

[@GerardVazquez_]

Which health insurance do you have? Which company?

[@jonip6494]

Hi from Finland! Really good video!

[@trev-brown]

Business owner in Australia here - I’m interested- thanks

[@DETTMARMagnus]

Hey buddy! Love your videos! I would love to make a video with you. In living in Dubai Marina. How do I get in contact with you?

[@simon4581]

In California Bay area, a Mcdonald big mac combo costs you $14 now. The cheapest one bedroom apartment here is about $3000 a month. So basically Dubai a city built in desert is actually cheaper than a city with ample resources like San Francisco. How do you make sense of that?

[@hv6411]

Awesome🤩

[@xsykedelix3766]

game with a friend in dubai. his expenses are cheaper then mine and i live in a shit town in canada

[@HarryPotter-fl7nq]

Thanks 😊, I have a question can i renovate the apartment as my own style like wall, toilet, etc., after rent and buy a full apartment with full payment 🙂

[@mexicounexplained]

For the more budget conscious, what do you think about living in one of the other emirates, such as Sharjah or Abu Dhabi? Beyond the same tax advantages, can I enjoy the "Dubai lifestyle" in those places? Does it make practical sense to commute from other emirates to Dubai? Thanks for your insights.

[@tuomaskiv]

Many people commute yes, Abu Dhabi is similar price to Dubai but other Emirates are much cheaper. Less flashy than Dubai.

[@mexicounexplained]

@@tuomaskiv Thank you very much for the response. Much appreciated. Gracias!

[@FA6682]

Sharjah is also commutable to Dubai but Abu Dhabi isn’t on a daily basis

[@Esplorando.napoli]

What do you think about Sharja?

[@requestingaflyby9229]

Awesome video Tuomas! Since Dubai has no income tax, if you want to borrow money from a bank how do they test your income without a personal tax return?

[@tuomaskiv]

They ask bank statements for 6 months to 2 years

[@FA6682]

I thought you also have to submit documents to the municipality yearly even thought there’s no tax to pay?

[@requestingaflyby9229]

@@FA6682 I wasn't aware of that, thanks I will look into it

[@user12ek5]

There 2 things in live you can't escape. One of them is taxes). Most of the countries apply Citizenship based taxation system for the most people moving to Dubai doesn't do any savings on taxes as they pay same taxes as if thy were working in the home country.

[@tuomaskiv]

There is exactly one country in the world that applies citizenship-based taxation

[@MikaElf]

Mielenkiintoinen video Dubain hintatasosta. Onko sulla tietoa/arviota, että kuinka paljon siellä asuu suomalaisia? Kryptoalan ihmisiä sinne on muuttanut aika paljon viimeisten vuosien aikana ympäri maailmaa.

[@tuomaskiv]

En osaa sanoa, ei ole tullut vastaan mutta varmasti on myos Suomalaisia

[@bardic4941]

What language is this ( not to be rude just asking) 😊

[@MikaElf]

@@bardic4941 Finnish. Maybe not so well known for most of the people. 😉

[@zakijamil8986]

if you set up in dubai and get the 0 tax cant you just go live in a cheaper emirate like ras al Khaimah or you have to stay in dubai?

[@tuomaskiv]

Yep, you can (the set up for 0% tax is the same for all the Emirates in the UAE, not just Dubai)

[@dropshipincanada]

Dubai changed now they implemented a 9% tax for corporations which most people will need.

[@rajatchopra1411]

Hey man, im soon joining emirates as a cabin crew, so can you make a video related to that?

[@tuomaskiv]

I am not quite qualified to talk about being cabin crew at Emirates😂

[@MANCO513]

I think that lamborghini footages is a bit old now, we need a new one

[@Rijneke1981]

For the local Emiratis, life is almost free. Free education, free healthcare. Retirement at 49 years. They are even allocated a piece of land to build a house. This is fully paid for by the Dubai government. Many large companies such as Emirates airlines, exclusive hotels and restaurants are fully or partly owned by the government there. So Dubai is actually very Socialist. Did right-wing people know this? 

[@tuomaskiv]

Yep, true

[@Marc-gregory]

How are the local bank accounts? Easy to open for expats?

[@tuomaskiv]

yes very easy after you have your Emirates ID

[@Neilharry]

What was that gym name you mentioned? 7:24

[@ayoubmalla843]

2000 usd is expensive rent which is 1500 gbp and even in the UK that’s expensive for most people. And if 2000usd is on the cheap side then that’s a bit worrying. Even for someone that makes 6 figures from a 9-5 is expensive. Spending that much on rent can’t be justified in my opinion unless if you make 10k a month minimum after taxes. I don’t know if everyone is just single but if you have kids and a wife 2000 usd is very expensive.

[@dropshipincanada]

I thought 2k was the norm especially in Canada

[@ayoubmalla843]

@@dropshipincanada maybe it is. We live in a 4 bedroom house and the rent is 1450 pounds per month, that’s excluding water gas and electricity bills. With those bills we get up to about 1800 pounds. Bear in mind I have 4 kids that are hungry and a wife that all expenses are paid because she doesn’t work and that’s because I don’t want her to work. And then you have got petrol clothes and food which comes up to about another 2k a month so that alone is about 4k a month for 6 people. Whilst this guy in Dubai is spending almost the same on himself. Is that normal ?

[@tuomaskiv]

In London you would pay way way more for the same thing. Agreed, if you make less than 10k/mo, you probably should not spend what I spend. If you watched the video you would have seen me show that there are many areas where you get much less than 2k.

[@ayoubmalla843]

@@tuomaskiv the taxes in UK are absolutely absurd, if it wasn’t of taxes I would be on 10k+ per month but paying almost 50% tax is crazy. Do you know what they pay in Dubai for senior software engineers?

[@Winner01562]

@@ayoubmalla843 my friend in the USA you can makes 250k and up a year doing that sometimes more you should look to usa

[@guruprasad1693]

I couldn't help but notice that you haven't mentioned areas such as Deira, Karama, Al Qusais, Bur Dubai etc (basically the areas east of the creek, called "Old Dubai"), where the rents for 2BHK apartments are sometimes cheaper than the 1BHK prices in the areas that you mentioned. The areas you mentioned have lesser expat population than the ones I just typed above 😅. They in fact have much better public transportation than anywhere in areas like Jumeirah or Downtown. Literally everything is cheaper in "Old Dubai". If you're a person that is planning to move to Dubai for pursuing your own business or are coming to pursue a new job, then I would highly suggest that you live in the areas east of the Creek until you're financially stable, and then you can move to whichever area you like. I agree 100% with you on the fact that you can curate your lifestyle to live according to your income and budget in DXB. I don't spend anywhere near 10K/mo and I am definitely living a comfortable life.

[@sayaa1600]

Hi, thats really interesting. Most people want to live in the glitzy areas but old dubai is def a vibe and more hustle and bustle. Im assuming a lot of the 'labourer' expats from South asia live there, so has more Community feel and generally its considered poorer but any other negatives?

[@guruprasad1693]

@@sayaa1600 It's not poor per se. But yes, these areas do have a lot of people from South and Southeast Asia (but so do all the areas in Dubai). What's the negative in having cheaper rents, cheaper groceries and better public transportation? These are literally the best areas to save money here in Dubai.

[@sayaa1600]

@@guruprasad1693 thanks for your reply,, can i ask what sort of income would be needed if staying in this sort of area comfortably? Most sites say 5000+ AED monthly as a minimum

[@TMGPRODUCTIONS773]

bro whats on those eggs????

[@SrNutritivo]

It's 54k AED month appropiate for a family with 2 children?

[@thebiker7698]

Bro whaaat? That’s a lot

[@chrisnelson7769]

You’re American mate - come to Australia and try the same - you’ll fail. he is Australian - Aussie have different buying behaviours than Americans. There is no Aussie I know who has made millions from online selling ..

[@ghayath2011]

STOP saying it is Zero income tax. They make it up instead with endless random fees and charges for foreigners it is insane. I lived in Dubai for 2 years and absolutely hated it. It's true that not everything that glitters is gold

[@gogglesXL]

What fees are you referring to that would trump a 0% income tax? I live in Dubai and have never experienced any fees that are specific to me as a foreigner.

[@nickjames5366]

@@gogglesXL- so your not paying the monthly tax on your rent, paid to EWA?

[@gogglesXL]

@@nickjames5366 you mean DEWA? An electricity/water bill is not a tax and it's not exclusive to foreigners

[@nickjames5366]

@ - the rate foreigners pay is totally different to what emaraties pay. You not knowing this shocks me.

[@nickjames5366]

@ - a foreigner pays 0.23 dirhams per kWh, a local pays 0.07. Is that not a tax. Again another clueless immigrant in Dubai. Bend over, tell us what lube you use.

[@ehsankhorasani_]

you can find a great studio in JVC for 1500$ a month, not sure what this guy is actually saying

[@yvr3599]

Can you finD something in 3500?

[@KK-ce9ep]

What about Sharjah if you have any experience please share