Living in Dubai on a REALISTIC Budget

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Dubai is a city of luxury. Penthouses, lambos, Beautiful beachfront villas and the fanciest hotels in the world.
But not everyone lives the Dubai bling life here - in fact…most of us don’t.
In Dubai you get the whole spectrum - you get the ultra luxurious lifestyle of the palm, the hustle and bustle of business bay but mostly very normal areas where people live modest and noral lives - which means you can pick and choose the kind of life you want for what you have the budget for.
So in this video I want to give you a sense of what is a realistic budget you can live a comfortable life with here in Dubai, and it’s probably not what you think.
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CHAPTERS:
0:00 How rich do you need to be to live in Dubai?
0:40 Move to Dubai & get 0% tax
1:08 Rent
5:35 Food
6:35 Other Costs
8:27 How much do you need in total? 2 scenarios
9:22 Is Dubai worth it?
9:44 Moving to Dubai
Tags: moving to Dubai, dubai life, dubai cost of living, how to move to dubai, moving to uae, uae visa, uae residency, dubai visa, bubai company formation, how to start a company in dubai, is dubai expensive, why i moved to dubai

[@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

[@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!

[@Hijrah-Made-Easy]

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

[@jebeno321]

Love this video, thanks so much!

[@TIMEnayda]

Very helpful information Tuomas, thank you 🌟

[@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

[@mustaphaItani]

Super informative. Thank you

[@swagswagswagswagswag]

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

[@hv6411]

Awesome🤩

[@jonip6494]

Hi from Finland! Really good video!

[@deanal-jackson4593]

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

[@tuomaskiv]

exactly!!

[@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 ?

[@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 🙂

[@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?

[@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

[@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

[@becomebillionaire]

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

[@becomebillionaire]

📌❤️🤣🤣

[@Neilharry]

What was that gym name you mentioned? 7:24

[@xsykedelix3766]

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

[@SrNutritivo]

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

[@Englishstories024]

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 😅

[@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

[@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😂

[@yvr3599]

Can you finD something in 3500?

[@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

[@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.

[@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

[@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. 😉

[@MANCO513]

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

[@ehsankhorasani_]

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

[@Remon473]

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

[@KK-ce9ep]

What about Sharjah if you have any experience please share