Best ways to save money in UAE
- Rent is the top most expense for most people in UAE, so choosing a developing area or suburb for stay can save you a lot of money
- Electricity & water bills usually consume small budget but consistently. Switching them off when not in use would save a lot!
- Phone bills can be reduced with free landline-to-landline calls within UAE and free Skype-to-Skype for international calls
- Try to prepare food at home rather than eating out often, which is not only cost-effective, but also the much healthier option
- The currency of UAE is Dirhams, denoted by AED (Arab Emirates Dirham)
- The value of the dirham is fixed against US dollars, which is USD 1 = AED 3.67
- 47.1% of a UAE resident’s income goes towards rent, 20.9% is spent on groceries, 10.3% on restaurants 7.4% on sports and leisure, 6.3% on transport, 5.9% on utilities and 2.2% on clothing
- On average, rent in UAE is 850.86% higher than India, and the cost of living minus rent is 150.72% higher in UAE than India
- According to Mercer’s 2017 Cost of Living Survey, Dubai and Abu Dhabi are the most expensive cities in the Middle East to live in, and Dubai is on the list of top 20 most expensive cities in the world
