Overpriced Dubai
#1
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Overpriced Dubai
Was thinking about how so much of Dubai is overpriced.
Just to take as an example, at Brunswick (Tom & Serge outlet at the MoE Sheraton) a burger with fries is basically 100 AED. That's 20 quid! Perfectly good burger and fries even if on the smaller portion side, but 20 quid
Gelato at a nearby stall was 28 AED (six pounds!) for a serving so small that if it were America it'd likely lead to a few gunshots and a dead server.
There are good value places in town, namely the cheaper ethnic restaurants, but it does seem as if you want anything marginally nicer in a prettier setting you pay through the nose for it.
Is it actually possible for a midrange place to open and survive in Dubai, with prices comparable to the UK? Or are the economic dynamics stacked up against it?
Just to take as an example, at Brunswick (Tom & Serge outlet at the MoE Sheraton) a burger with fries is basically 100 AED. That's 20 quid! Perfectly good burger and fries even if on the smaller portion side, but 20 quid
Gelato at a nearby stall was 28 AED (six pounds!) for a serving so small that if it were America it'd likely lead to a few gunshots and a dead server.
There are good value places in town, namely the cheaper ethnic restaurants, but it does seem as if you want anything marginally nicer in a prettier setting you pay through the nose for it.
Is it actually possible for a midrange place to open and survive in Dubai, with prices comparable to the UK? Or are the economic dynamics stacked up against it?
#2
Re: Overpriced Dubai
Was thinking about how so much of Dubai is overpriced.
Just to take as an example, at Brunswick (Tom & Serge outlet at the MoE Sheraton) a burger with fries is basically 100 AED. That's 20 quid! Perfectly good burger and fries even if on the smaller portion side, but 20 quid
Gelato at a nearby stall was 28 AED (six pounds!) for a serving so small that if it were America it'd likely lead to a few gunshots and a dead server.
There are good value places in town, namely the cheaper ethnic restaurants, but it does seem as if you want anything marginally nicer in a prettier setting you pay through the nose for it.
Just to take as an example, at Brunswick (Tom & Serge outlet at the MoE Sheraton) a burger with fries is basically 100 AED. That's 20 quid! Perfectly good burger and fries even if on the smaller portion side, but 20 quid
Gelato at a nearby stall was 28 AED (six pounds!) for a serving so small that if it were America it'd likely lead to a few gunshots and a dead server.
There are good value places in town, namely the cheaper ethnic restaurants, but it does seem as if you want anything marginally nicer in a prettier setting you pay through the nose for it.
I fail to understand why we keep comparing to a currency that has depreciated c.40% over the last 8 years.
When I came to the UAE it was 7.2AED. - the 100dh burger was 13quid.
Dubai's problem is two fold: an inefficient supply chain caused by a small but greedy population and a USD peg on the currency.
Is it actually possible for a midrange place to open and survive in Dubai, with prices comparable to the UK? Or are the economic dynamics stacked up against it?
#3
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Re: Overpriced Dubai
I'd throw in tourism. So many of the better places cater to the tourist market as well and tourists are generally willing to pay more as they're on holiday after all. So that inflates the demand and leaves locals behind.
FYI Americans complain about the high prices as well regardless of the fixed exchange rates.
FYI Americans complain about the high prices as well regardless of the fixed exchange rates.
Does Brunswick accept sterling?
I fail to understand why we keep comparing to a currency that has depreciated c.40% over the last 8 years.
When I came to the UAE it was 7.2AED. - the 100dh burger was 13quid.
Dubai's problem is two fold: an inefficient supply chain caused by a small but greedy population and a USD peg on the currency.
On a PPP basis, yes. Why set the prices to the UK? Why not China, US, Japan or Thailand?
I fail to understand why we keep comparing to a currency that has depreciated c.40% over the last 8 years.
When I came to the UAE it was 7.2AED. - the 100dh burger was 13quid.
Dubai's problem is two fold: an inefficient supply chain caused by a small but greedy population and a USD peg on the currency.
On a PPP basis, yes. Why set the prices to the UK? Why not China, US, Japan or Thailand?
#4
Re: Overpriced Dubai
I'd throw in tourism. So many of the better places cater to the tourist market as well and tourists are generally willing to pay more as they're on holiday after all. So that inflates the demand and leaves locals behind.
FYI Americans complain about the high prices as well regardless of the fixed exchange rates.
FYI Americans complain about the high prices as well regardless of the fixed exchange rates.
It is very expensive to be a European tourism here but that is also very much currency related. IF you are a GCC tourist, it's cheap. Even the Africans find it cheap (for buying branded stuff).
For what it's worth, Dubai can be very expensive - but comparing to the UK is not the right measure in my mind. It should be looked at on a PPP basis.
#5
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Re: Overpriced Dubai
But what is the accurate PPP for the UAE?
Yes, many high earning individuals here. But there are scores more very low earning individuals, no?
For someone with my income perhaps it's a bit much to whinge about high prices given that I can afford them (for the most part) relative to the majority of the population who have much smaller incomes, but it's still surprising that the economics of Dubai seem catered to high end and low end with little in between, when surely there must also exist a large middle ground. It's an odd place where you can easily pay 20 AED for a coke at a nicer venue yet a can goes for 1.5 AED in a corner shop.
Yes, many high earning individuals here. But there are scores more very low earning individuals, no?
For someone with my income perhaps it's a bit much to whinge about high prices given that I can afford them (for the most part) relative to the majority of the population who have much smaller incomes, but it's still surprising that the economics of Dubai seem catered to high end and low end with little in between, when surely there must also exist a large middle ground. It's an odd place where you can easily pay 20 AED for a coke at a nicer venue yet a can goes for 1.5 AED in a corner shop.
Americans will always complain about prices - they have the best of everything at home. They complain about prices almost every where.
It is very expensive to be a European tourism here but that is also very much currency related. IF you are a GCC tourist, it's cheap. Even the Africans find it cheap (for buying branded stuff).
For what it's worth, Dubai can be very expensive - but comparing to the UK is not the right measure in my mind. It should be looked at on a PPP basis.
It is very expensive to be a European tourism here but that is also very much currency related. IF you are a GCC tourist, it's cheap. Even the Africans find it cheap (for buying branded stuff).
For what it's worth, Dubai can be very expensive - but comparing to the UK is not the right measure in my mind. It should be looked at on a PPP basis.
#6
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Joined: Feb 2016
Posts: 364
Re: Overpriced Dubai
The secret is to smoke 60 tabs a day.
The 25 quid saving easily offsets the beer prices
The 25 quid saving easily offsets the beer prices
#7
Re: Overpriced Dubai
Personally, I think you are just looking in the wrong places. Something like Little Bangkok/ Pepper Mill/ India Palace would be for the middle bracket diner - the issue is you are looking for alcohol, which is always going to be expensive.
#8
Re: Overpriced Dubai
Pity there aren't any BYO restaurants here. (Although I have been known to sneak in the odd bottle of "water" and drank tonic water all night). I wonder whether it will happen, now that the Ramadan laws are changing.
India Palace is a good call btw. I also used to love More - do they still exist?
Just seen them on Zomato, the prices have doubled!
India Palace is a good call btw. I also used to love More - do they still exist?
Just seen them on Zomato, the prices have doubled!
Last edited by IKnowNothing; Aug 8th 2016 at 8:04 am.
#9
Re: Overpriced Dubai
Pity there aren't any BYO restaurants here. (Although I have been known to sneak in the odd bottle of "water" and drank tonic water all night). I wonder whether it will happen, now that the Ramadan laws are changing.
India Palace is a good call btw. I also used to love More - do they still exist?
Just seen them on Zomato, the prices have doubled!
India Palace is a good call btw. I also used to love More - do they still exist?
Just seen them on Zomato, the prices have doubled!
#10
Account Closed
Joined: Feb 2011
Posts: 0
Re: Overpriced Dubai
I just wait for my Dad to visit and then line up all the restaurants that I want to go to but won't pay for.
#11
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Posts: 1,162
Re: Overpriced Dubai
If you don't like it, go home.
#12
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Re: Overpriced Dubai
If you think Dubai is overpriced - try London !!!!!!!!!!!!!!!!!!!!!!!!