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Moving to Dubai: Is it an affordable decision anymore? People contemplating moving to Dubai are baffled by the contrasting reports on the economic conditions being reported there. Everyday there are reports that the cost of living is spiraling out of control. Transport costs are increasing, education is becoming expensive, etc. In-fact, tuition fees in some educational institutions are so high that western expatriates are reporting that it has become cheaper to educate children in some of the best private schools back home. Textbooks too haven’t been spared with them costing significantly higher than what they did some years ago. At the same time, certain commodities and staple foods such as rice, sugar, eggs, flour, oil, etc. have held firm on their prices in the past twenty-four months. A recent survey by the Economist Intelligence Unit might hold the key for those expats who are looking at a move to the Emirate. It has measured the average prices of 160 products and services in 130 cities across the globe that sees strong expatriate traffic. The Worldwide Cost of Living Survey conducted by them has seen Dubai’s ranking dropping by sixteen places over the previous year. This mirrors the sentiment of many a veteran resident of the Emirate that declare it to be a world classcity with the most affordable standard of living. Others are not fully convinced. Homemakers that are in charge of the family finances have reported significantly higher outgoings in the grocery, essential commodities and utilities departments. Well, the report is true in a certain aspect, for it includes a key factor that has a heavy influence on the rankings – the rental rates in Dubai. At no other point in recent history have Dubai properties for rent been cheaper. The economic downturn of 2009 has seen realty rates falling to unheard of levels. This then is the secret behind the strong performance of Dubai on the rankings. During the property boom a few years ago, it had become a ritual of sorts for developers to announce the construction of yet another property. So, is the cost of living really that high or are all these reports merely the incomplete truth? Well, that’s for you to decide…

Moving to Dubai: Is it an affordable decision anymore?  

People contemplating moving to Dubai are baffled by the contrasting reports on the economic conditions being reported there. Falling realty...