Wealth and Income Inequality in Dubai

Dubai is a very fast-paced city. The ideal 5-day work week makes it very easy to maintain a proper work-life balance. There are several locations with varying price differences in commodities and goods. That is usually due to that there is no government regulation on prices here. But on the bright side, there is also no income tax which makes it a paradise for employers and companies, especially in terms of saving money. Though now they have introduced VAT on goods and services, but that is of a very marginal amount (5%) on the market price.

Dubai is a multicultural society with 90% expatriate population, hence it is easy to settle down here. Known to be the Middle East’s financial hub, it is also famous for its tourist attractions and nightlife. The cost of living is high and it is difficult to stay here for long without a job or a stable income. It’s a safe, organized, and well-planned city.

It is recommended that you land yourself a job before moving to the Emirates. Depending on the country you will be migrating from, get realistic and calculate the cost of living in Dubai. Your final package should reflect your industry benchmark, your experience, and relocation expense. Most firms offer flight tickets for you and your dependents, annual or biennial flights back home, money towards schooling, housing, and health insurance. Sure, Dubai is exciting for its tax-free income but the overall cost of living in the city can be heavy in your pocket. Depending on the area you opt for, rent would be the biggest expense you incur here.