Five ways to beat the high cost of living in Dubai

1. Ditch the pricey car you are driving. It’s no longer necessary for everyone to drive around in the most expensive cars that money can buy; the roads are usually in constant gridlock. No matter how fast your car is, it’s not going to help you avoid the many other cars that are stuck on the road just like you so save some money and buy a cheaper car.

2. Choose which district of Dubai you live in very carefully. This seems obvious but many people can save money just by living outside pricey districts such as Dubai Marina and Jumeirah. There are cheaper places that are quite close to the city, so take advantage of this.

3. Consider buying a home in Dubai. We know, we know, housing is expensive in all senses, whether you are buying or renting. If you do want to stay here on a permanent basis though, you can take out a mortgage and these days almost every bank is offering them. It can cut your monthly outgoings and you are putting your hard-earned cash towards owning something.

4. Buy a property from a more affordable Dubai property development. There are a number of lower cost freehold developments in Dubai, so if you want to save money and get something for it, take a look at International City, Jumeirah Village and even The Greens for a modest apartment in a good location.

5. Remember that Dubai is still more affordable than most of the West. Anyone coming to Dubai from Europe will certainly tell you that the costs of living in Dubai are better than where they came from, and despite accommodation costs, most other things are still quite affordable. Therefore, the best way to keep your costs down is to be cautious with accommodation, your biggest outgoing, and remember to watch what you spend when you go out.

For more information on buying property, be sure to use our agents to get the right price.