Is AED 32000 Per Month Enough to Live Comfortably in Dubai with Savings?
Living in Dubai on a monthly income of AED 32000 for two people can indeed be quite manageable, allowing for both essential expenses and savings. However, the actual feasibility depends on individual lifestyle choices and spending habits.
Breaking Down the Costs in Dubai
Here’s a detailed breakdown of the potential costs if you are considering a life in Dubai:
Housing
Renting a 2-bedroom apartment: Depending on the area you choose, you can expect to pay between AED 4000 and AED 12000 per month.
Areas such as Dubai Marina, Jumeirah Lake Towers, and Downtown Dubai are generally more expensive, while neighborhoods like Deira or Al Qusais are more affordable.
Average Estimate: AED 6000 - AED 9000
Transportation
Car Rental: A non-luxurious car rental can range from AED 1500 to AED 3000 per month. Alternatively, buying a used car may require an initial investment but could save on monthly payments afterward.
Average Estimate: AED 2000
Groceries and Dining Out
Groceries: Monthly grocery costs for two people may range from AED 1500 to AED 2500.
Dining Out: Eating out once a week at a mid-range restaurant can cost around AED 200-400 per meal. This translates to AED 1000-2000 for dining out in a month.
Average Estimate: AED 1000 for dining out and AED 2000 for groceries
Gym Membership
A standard gym membership typically costs between AED 200 and AED 600 per month.
Average Estimate: AED 400
Holidays and Miscellaneous Expenses
You might budget around AED 2000 to AED 3000 for occasional holidays and entertainment. This includes activities and recreational outings.
Average Estimate: AED 2500
Estimated Monthly Budget Summary
Expense Category Estimated Cost AED Rent 6000 - 9000 Transportation 2000 Groceries 2000 Dining Out 1000 Gym Membership 400 Holidays Miscellaneous 2500 Total 13900 - 16900Savings Potential
With a total monthly expenditure of approximately AED 13900 to AED 16900, you would have around AED 15100 to AED 18100 remaining from your AED 32000 monthly income. This significant amount allows for substantial savings, potentially between AED 15000 to AED 18000 per month, depending on lifestyle choices and spending habits.
Conclusion
Overall, AED 32000 per month is quite sufficient for two people to live comfortably in Dubai, covering essential expenses while allowing for savings and some discretionary spending. Adjustments can be made based on lifestyle preferences, particularly in housing and dining choices.