Yes. Dubai came in at number 31 in a 2022 Mercer survey ranking the cities with the highest cost of living in the world. However, Dubai is still more affordable than other famously expensive cities like Singapore, London and New York City.
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You should plan to spend around AED911 ($248) per day on your vacation in Dubai, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, AED204 ($56) on meals for one day and AED47 ($13) on local transportation.
Here are some general estimates: Family: For a family of four (2 adults and 2 children), a 5-day trip to Dubai can cost between $4,000 to $8,000 USD, depending on accommodation, transportation, food, and activities.
In Dubai, you don't have to tip, as a service charge is built into the prices (especially with restaurants). It won't be considered rude if you don't leave the staff any dirhams. With that said, remember that the service charge goes to the business—not directly to the staff that served you.
* Economy - the Dubai hotel economy was ravaged before COVID, with their worst numbers on record for occupancy and revenue, primarily due to oversupply. So hotels can't fill their rooms and can't get their target prices, so some will be desperate and do crazy things or pay for sponsored listings with OTA etc.
Prices for flights and hotels are low during April through October, i.e. the low season for tourism in Dubai. While, the best season to visit Dubai is during winter for a traveler to get the opportunity to explore the city and spend the vacation well.
List of currencies accepted at Dubai Duty Free are the following:US Dollars, Euro, Sterling Pounds, Kuwait Dinars, Singapore Dollars, Qatar Riyals, Saudi Riyals, Omani Riyals, Bahrain Dinars, Hong Kong Dollar, Canadian Dollar, Australian Dollar, Swiss Francs, Malaysian Ringgit, Chinese Yuan, Indian Rupees, Israeli ...
For haggling in market stalls in the tourist souks along The Creek, cash would be a good idea. Be certain to have small denomination notes and coins as nobody will have change. Taxis can be paid for with various types of card, Google, and Apple Pay, but occeasionaly meters will be broken.
Debit and Credit Cards:Credit and debit cards are one of the best ways to carry foreign currency. From saving space in your purse to saving the hassle of converting the money, it is convenient as it also saves you from losses through theft.