Ferrari Dreams: How Much Does Luxury Cost in Dubai?

For those who can afford it, Dubai offers a lifestyle of extravagant opulence that is probably unmatched in any other major modern city in the world today.

However, living a life of luxury in Dubai can come with a huge price tag. Upmarket homes, exclusive dining, and shopping for designer clothes and luxury items can soon add up to a hefty sum. And then there’s the transport. 

In Dubai, luxury cars such as Bentleys and Lamborghinis are commonplace along the city’s wide boulevards. So you may want to dip deep into your wallet for a vehicle in keeping with your opulent lifestyle. However, you won’t necessarily have to front the cash to buy an expensive vehicle, as renting high-end luxury cars is the norm in Dubai. So, finding a supercar like a Ferrari for rent Dubai is relatively quick and simple – provided you have the money!

Let’s get down to the cost of luxury living in Dubai.

1. Luxury Housing 

Dubai is home to some of the most luxurious and expensive real estate on the planet in residential areas such as Palm Jumeirah, Emirates Hills, and Downtown Dubai. Here, you can:

• Buy a luxury villa that will set you back between $2,700,000 and $27,000,000 – or more (prices quoted in USD).
• Buy a luxury penthouse for anywhere from $ 10,000 upwards. 
• Or you can rent a fully-serviced upscale apartment or penthouse for around $13,000 to $50,000+ per month.

2. High-End Shopping 

So now you’re living the high life in Dubai. Which means you’ll want to go shopping. Obviously, Dubai is an absolute shopper’s paradise, with numerous designer boutiques and flagship stores carrying world-renowned luxury brands like Chanel, Louis Vuitton, and Rolex. But be prepared, an extravagant shopping spree at The Dubai Mall or Mall of the Emirates can easily run into tens of thousands of dollars. For example, high-end watches from brands like Patek Philippe and Piguet can cost anywhere from $25,000 to $300,000, while bespoke jewelry pieces can easily exceed $1,000,000.

Let’s not forget the shopping services to fall back on if you prefer a more exclusive and bespoke shopping experience. These services, which include private viewings and after-hours store access, can cost anywhere from R1,500 to $5,000+, depending on the brands involved.

Image: A. Kinnear – Leonardo AI

3. Transportation

Dubai’s streets are not only lined with gold but also with some of the most expensive cars in the world, so get out your platinum card, and let’s go shopping!

Luxury Cars

• Purchasing a luxury or supercar can cost between $250,000 and $1,500,000. 
• Additional costs include insurance, registration, and annual maintenance, which can add up to another $25,000 or more per year.
• But if you don’t want to shell out that kind of cash, you can always rent your Ferrari locally in Dubai. Besides, renting gives a lot of benefits like car service and maintenance, even without a deposit and long-term agreement.

Chauffeurs and Helicopter Services

As a member of the super-wealthy, you may want to be chauffeur-driven – or use helicopter services to zip around the city for that hasty shopping spree or a night out on the town. 

• Helicopter rides across the city can run upwards of $2,700 per hour.

• Hiring a permanent chauffeur will set you back around $2,700 to $5,500 per month.

Yachts

You’re living the high life now, so you’re going to need a yacht to entertain (and impress) your friends. Owning a yacht is actually considered a common luxury in Dubai.

Let’s look at the cost:

• A mid-sized luxury motor yacht can drain your bank balance to the tune of $1 million to $5 million+ – quite a tidy sum!
• Don’t forget the maintenance costs. Annual maintenance, docking fees, and crew salaries can add another $250,000 to $500,000 per year to your bill.

4. Gourmet Dining 

Last, but not least, let’s look at some fine dining. The city has numerous Michelin-starred restaurants offering a variety of ethnic and international gourmet delights.

• A dinner for two at a high-end restaurant can easily set you back $500 to $1,000.
• Private dining at luxury resorts or on a private yacht can start at $1,300 per person, depending on the menu and the venue.

Despite strict regulations on alcohol (most Muslims do not drink alcohol), the city offers a variety of fine wines and rare spirits. For example:

• Rare whiskies and vintage wines can fetch upwards of $13,000.
• A bottle of premium champagne can cost anywhere from $270 to $2,700.

So, if you want to dine out in fine style, you better be prepared to shell out some serious cash.

Final Thoughts

Living a high life in Dubai might be the ultimate decadent dream for wealthy pleasure-seekers looking for the perfect luxurious lifestyle. But be prepared to spend some serious cash for the privilege!

Description:

For those who can afford it, Dubai offers a lifestyle of extravagant opulence that is probably unmatched in any other major modern city. This article takes a look at how much luxury costs in Dubai.

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