The 2021 Cost of Living Survey in Dubai, United Arab Emirates

2021 Cost of Living Survey

23 December 2022•

Dubai’s population of 3.3 million people hail from 200+ nationalities, and is a true international hub. The city is home to 92,600 millionaires (USD), and 251 centi-millionaires (people worth over US$100 million). 38 out of the country’s 45 billionaires call Dubai home. Dubai has just as many billionaires as Switzerland (40), and France (42).

It is estimated that Dubai is home to over US $517 billion in private wealth. Meanwhile, Dubai is less expensive than other major home cities of the wealthy, such as Geneva, New York, Tokyo, London, Paris, Stockholm, Luxembourg, Los Angeles, Frankfurt, and Hong Kong.

The cost of living in Dubai has generally ranked high compared to global cities, consistently ranking in the top 25 most expensive cities in the world. That changed in 2021, when the cost of living in Dubai seemed to drop from 21st in 2019 to 42nd most expensive city in 2021. This reflects the rate of inflation in other cities being faster than that witnessed by Dubaians.

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Lucidity Insights Research Team

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