Darth_Porn

Ok ... rent and buying real estate is expensive. Its actually too expensive.
They only started offering freehold properties over the last 5-6 years. Because of that there was a huge demand from people already here as well as property speculators and investors froma round the world that drove prices through the roof. Thats why Dubai is enjoying so much development lately. People are throwing money at these developers in order to buy.

Most people say that its a bubble and is going to burst at some point but the goverment and real estate developers put in some laws and took some measures that will keep the market from crashing and burning. For example you are not allowed to sell a property for less than what you paid for it. This way they make sure that if there is a drop in prices and people panic there will not be a massive sell out at much lower prices that will kill the entire market.

Having said that, coming here on holiday is good value for money. You can get any hotel type you like (depends on your own budget) and the service is excellent because they have very cheap labour from China, Philippines and India. Going out is good value if you compare to any other big city especialy if you take into account what you get for your money. Most resort hotels are a sight on their own. Just walking around makes you feel good
You can find top restaurants by top chefs and also cheap take outs that taste great... all good value for money.

Buying food at the supermarket is prety cheap. Alcohol is the only item considered "expensive" because there is some tax on it (as this is a muslim country) but its still cheaper than most large cities.

Of course ... if you ARE a millionare ... then you HAVE TO COME.
Being a VIP and having tons of money opens a lot of doors for you here.
There is no limit to how much fun you can have. A little bling is always expected here

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