Average Monthly Net Salary
The median monthly net income in Ras Al Khaimah is AED 8,828.75, 32.7 percent lower than Dubai’s average of AED 13,113.98. However, the price of life in Ras Al Khaimah is lower, particularly in terms of housing. The purchasing power in the area is 9.6 percent lower than Dubai’s.
It would cost you around AED 17,125.70 for Ras Al Khaimah for a place to live the same way as you would need AED 223,000 for Dubai. This assumes you reside in both cities.
The cost of living for residents within Ras al-Khaimah is 11.2% less than in Dubai (without renting), and the rent is 45.5% less. This is in addition to the 32.7 percent lower average monthly net income of Ras Al Khaimah compared to Dubai. Additionally, living prices and rent at Ras al-Khaimah are 25.5% less than in Dubai.
The monthly cost for a single person living in the UAE is AED 4,400, and for four family members, it is AED 14,000. Living costs in the UAE are lower—around 20% less than in the United States.
Cost of Living for Singles
If you’re planning to move to the United Arab Emirates as a single person, it’s important to understand the cost of living. The typical monthly expenses for a single person living in the UAE range from AED 2,100 to AED 3200. This includes the cost of renting studios and utilities, mobiles and internet access, TV, and even food.
Ras Al Khaimah costs less in comparison to Dubai for singles. The rent for a studio range from AED 2,000 to 8,000 a month. In Dubai, it’s AED 3,500 to AED 15,000.
Additionally, staying within Ras Al Khaimah is about 20% less expensive than staying all-in. In Dubai, one’s monthly expenses, excluding rent, amount to AED 4000. However, it’s approximately 20% lower in Ras Al Khaimah, making it an excellent option for those on an income.
Ras Al Khaimah is great for new professionals, graduates, young professionals, or anyone who wants to save money. It is a great place to live with lower prices for living and rent. This means you can live comfortably and not spend a lot on necessities.
Cost of Living for Couples
Ras Al Khaimah is an ideal choice for couples looking for a low-cost opportunity in the UAE. Married couples could live in the city for between AED 3,300 and AED 4,900 per month. This covers rent, utilities, food items, and other expenses of daily living.
Living in Dubai costs more for couples. A one-bedroom apartment in the city can cost more than AED 5,000 per month. Therefore, Ras al Khaimah is an excellent option for those who want to live a luxurious life without spending too much.
Ras Al Khaimah has many inexpensive homes for couples to rent, such as furnished villas, which start at AED 36,000 annually.
This is significantly less than in Dubai, where a four-bedroom home can cost from AED 200 to AED 265,000 annually.
The lifestyle in Ras Al Khaimah is also more affordable for utility bills, food, clothing, and transportation. It’s ideal for couples who want to save money while living comfortably.
Ras Al Khaimah is more affordable for couples than Dubai. It is a great place to live without spending too much.
Cost of Living for Families
Choosing between Ras Al Khaimah and Dubai can significantly impact the family’s budget. For Ras Al Khaimah, a family of four could spend between AED 6,200 and AED 9,800 per month.
This includes rent, utilities, and food, as well as transport and school charges for two kids. Dubai, however, is significantly greater, with a three-bedroom apartment costing more than AED 15,000 per month in the city’s central area.
Ras Al Khaimah offers a more affordable option for families looking to enjoy an enjoyable lifestyle in the UAE. A three-bedroom apartment in the area costs around AED 2,942 a month, which is much lower than Dubai’s AED 7,400 price for a one-bedroom.
For a family of two, living in Ras Al Khaimah costs around AED 1,126 per month, against Dubai’s AED 2,000 (USD 544) monthly.
Families with children in Ras Al Khaimah can save a lot of money. Schools for kids from countries other than Dubai are limited to AED 6,600 per year. International schools can cost anywhere from AED 13,630 to AED 120,000 per year.
In Ras Al Khaimah, families can find affordable accommodation and schools, which can help them save money.
Living in Ras Al Khaimah is much less expensive than living in Dubai. It’s an excellent choice for families seeking an affordable lifestyle without the pricey costs.
Is Ras Al Khaimah cheaper than Dubai?
Ras Al Khaimah and Dubai are cities with different prices for living across the UAE. Ras Al Khaimah is usually more affordable for those moving to or visiting.
Ras Al Khaimah’s rent is 45.5 percent lower than Dubai’s. Dining out at restaurants is 24.6 percent cheaper, while grocery items are just 4.8 percent more costly. Transportation and utilities are also less expensive in Ras Al Khaimah.
Traveling to Ras Al Khaimah is easy. Most hotels are located within a quarter of an hour of Dubai Airport and cost about $60 by taxi. In October 2023, Qatar Airways made flying to Ras Al Khaimah easier.
The hotels in Ras Al Khaimah are often more affordable than those in Dubai. The Waldorf Astoria Hotel has swimming pools, a large beach, and dining options at affordable prices. There is a restaurant and pool. Movenpick Resort Al Marjan Ras Al Khaimah offers private pool villas on the beach, ideal for honeymooners, at a reasonable price.
Ras Al Khaimah is a more affordable place to live or travel in the UAE. Its costs for transportation, housing, dining, and other fun activities are lower than those in Dubai.
Conclusion
If you’re looking for a more affordable area to live in instead of Dubai, look into Ras Al Khaimah. It’s much more affordable in a variety of areas, such as housing, food transportation, entertainment, and other activities.
Even though Dubai has a reputation for its luxurious and bustling lifestyles, Ras Al Khaimah offers an unhurried vibe. It has beautiful beaches and is focused on relaxation.
Ras Al Khaimah is an excellent choice for those who want to experience the UAE without spending a lot. It’s a better feature to enjoy an affordable price of life in the UAE.