Comparing Apartment Prices Dubai vs Budapest
Comparing the price of apartments in Dubai and Budapest, it is possible to notice several distinctions. Dubai has always enjoyed a successful lifestyle and rapidly growing property markets, and on average, their apartments are more expensive than the Hungarian capital of Budapest, which attracts tourists with its rich history and low cost of living.
Rent Prices
Comparing the price of renting an apartment in the two cities, it will be cheaper to rent an apartment in Budapest than in Dubai. For example, the cost of a one-room apartment is 7,929 AED (about 2,158 USD) in city center, Dubai and 209000 HUF (about 722 USD) – Budapest. In like manner, a three-bedroom apartment in the downtown of Dubai can range between 15,159 AED (about 4,124 USD), a five-bedroom apartment 24,419 AED (about 6,646 USD) while in Budapest, the cost can be about 403,000 HUF (about 1,392 USD).
Purchase Prices
Dubai once again outperforms Budapest not only in terms of apartment prices but also when measured on a per-square-meter basis. The cost to purchase an apartment in city center of Dubai is 1659 USD per square feet, while in Budapest it is 2022400 HUF which is almost 6962 USD per square meter. Secondary and suburban areas in Dubai cost about AED 986 (about 268 USD) per square foot, meanwhile Budapest’s cost 1,102,500 HUF (about 3,795 USD) per square meter.
Cost of Living
In general, it can be stated that the cost of living in Dubai is higher as compared to the cost of living in Budapest. This is especially notable in expenses such as food, transportation, and other miscellaneous costs including utilities. For instance, the food items such as chicken fillets and apples are cheaper in Budapest than in Dubai.
In addition, solve the transportation expenses are comparatively expensive in Dubai, which means that a monthly pass for public transportation costs almost 300 AED (and or approximately 82 USD) For the same in Budapest, it was 9,500 HUF, which is equivalent to approximately 33 USD.
Salary and Affordability
Although the company pays its employees better than average, the costs of living and the apartment prices in Dubai remain relatively high. Besides, compared to the Ohio average income, the cost of living in Budapest is lower providing people with a better living standard. This is evident in properties such as housing; this aspect makes Budapest a suitable place for the expatriates and investors who for instance are in search of more affordable accommodation.
Altogether, Dubai is more receptive to a luxurious living environment and higher pay cheques, but Budapest earns the merit of lower living costs especially housing. This applies to Budapest that can therefore be regarded a perfect place for people who look not only for quality living but also for reasonable prices.