Is a Salary of 15,000 AED in Dubai Suitable for a Family of Two?
When considering moving to Dubai, one of the most critical factors is your salary and whether it will support your lifestyle and needs. Many expatriates wonder if a salary of 15,000 AED (Dirham) is sufficient for a family of two. Let's explore the feasibility of this salary in detail.
Overview of Living Costs in Dubai
Dubai, while an incredibly prosperous city, is known for its high living costs. Rent, transportation, and other essential expenses can significantly impact your financial stability, especially for a family of two. Let us break down the average monthly expenses in detail to provide a clearer picture.
Monthly Budget for a Family of Two in Dubai
To determine if a 15,000 AED salary is enough for a family of two, we need to consider your expenses. Here is a rough breakdown of what a typical family might spend in Dubai per month:
House Rent: On average, a 1-bedroom apartment (1 BHK) in a shared building in the city center might cost around 5,000 AED. If you look for a house in more affordable areas like Ajman, Sharjah, or Umm Al Quwain (UAQ), you can find a house for around 3,000 AED. Entertainment, Food, Shopping, Movies, Utilities, and Grocery: Your food, entertainment, and other daily expenses could average around 1,700 AED per month. Car Expenses: With petrol being cheaper and used cars reasonably priced in places like Sharjah, car expenses could be around 1,000 AED per month. Obtaining a driver's license and car registration might add another 800 AED, totaling around 1,800 AED.Therefore, a family of two would spend approximately 8,700 AED on housing and miscellaneous expenses if they live in the outskirts of Dubai.
Remaining for Savings
After accounting for the above expenses, you would have around 6,500 AED left each month. This amount can be set aside for emergencies, long-term savings goals, or to build a savings cushion. However, it is essential to note that this is the average and actual expenses might vary based on your lifestyle and preferences.
Factors to Consider
Several factors can influence whether 15,000 AED is enough for a family of two:
Current Salary Comparison: If your current salary is significantly lower than 15,000 AED, the move might be beneficial. However, if your current salary is already above this threshold, it might not be the best decision. Partnership Income: If your partner is capable of earning an additional income, it could help offset some of the expenses, thereby making the salary more viable. Lifestyle and Spending Habits: A moderate lifestyle can help stretch the salary further. More extravagant spending would naturally reduce the savings and general financial stability. Long-term Career Growth: With the robust job market in Dubai, your long-term career prospects and potential for a higher salary in a couple of years might be worth considering.Expert Advice
Based on the information provided, here is some expert advice:
**Expert 1:** A 15,000 AED salary is adequate for a family of two but won't allow significant savings. Rent, transportation, and other essential costs are high in Dubai. **Expert 2:** With a 15,000 AED salary, you can manage, although a modest lifestyle is recommended. Job opportunities are robust in Dubai, and you can explore options for better earnings in 1 to 2 years. **Expert 3:** The 15,000 AED salary is sufficient for a family of two. You can save a portion each month, especially if you choose to live in more affordable areas and adopt a conservative lifestyle.Conclusion
In summary, a 15,000 AED salary in Dubai can be suitable for a family of two, provided you adopt a moderate lifestyle and manage your expenses prudently. Rent, transportation, and miscellaneous costs must be carefully planned. Additionally, job prospects in Dubai are promising, offering opportunities for financial growth and stability in the long run.