Is a 37,500 AED Medical Plan Salary in Dubai Lucrative Compared to INR 2.25 Lacs in India?

When evaluating whether a 37,500 AED monthly salary with a medical plan in Dubai is a lucrative move compared to your current earnings of INR 2,250,000 per hand in India, several factors come into play. Let’s break down the comparison and analyze the pros and cons.

Current Earnings in India

Monthly Earnings

INR 2.25 lakhs

Annual Earnings

INR 2.25 lakhs x 12 INR 27 lakhs

Salary in Dubai

Monthly Salary

37,500 AED

Annual Salary

37,500 AED x 12 450,000 AED

Currency Conversion

As of August 2023, the approximate exchange rate is 1 AED ≈ 22 INR. Please note that this can vary, so check the current rate.

Monthly Salary in INR

37,500 AED x 22 INR 825,000

Annual Salary in INR

450,000 AED x 22 INR 9,900,000

Comparison

Current Annual Earnings in India

INR 2.7 million

Projected Annual Earnings in Dubai

INR 9.9 million

Cost of Living in Dubai

Dubai is renowned for its high cost of living, particularly in housing, schooling (if applicable), and transportation. Despite this, it offers several benefits:

Income Tax Exemption: There is no income tax in Dubai. High-Quality Healthcare: With a robust medical plan, you and your family can access advanced healthcare services. Diverse and Vibrant Lifestyle: Experience a wide array of cultural, culinary, and recreational offerings.

Additional Considerations

Husband’s Job Search: Since your husband will need to find a job, consider the job market and potential salary he could earn in Dubai. This could further enhance your household income. Living Expenses: Research the cost of housing, utilities, groceries, and schooling if applicable. This will give you a more accurate picture of your disposable income. Quality of Life: Consider lifestyle preferences, cultural differences, and whether the move aligns with your personal and professional goals.

Conclusion

Based on the comparison of salaries and the potential for a higher quality of life, a 37,500 AED monthly salary is significantly higher than your current earnings in India. However, it is crucial to factor in the cost of living, your husband's job prospects, and your financial planning to make a fully informed decision. Overall, if you manage your finances well, moving to Dubai could be a lucrative opportunity for you both.

NB: This analysis genuinely depends on your profession. Not all industries in the Gulf Cooperation Council (GCC) are growing or stable. Switching jobs and salary increments is a significant challenge. Also, you cannot assume your husband will make the same salary here. Cost calculations between countries cannot be accurately accounted for when moving. Therefore, your decision should depend on your future plans rather than your present situation.