What is the average cost of housing in Dubai?

If you are thinking about moving to Dubai, cost of living in probably a key consideration. Expats commented about the cost of housing...

"The cost of housing in Dubai can vary greatly depending on the area and type of property. Generally, the average cost of renting an apartment in Dubai is around AED 80,000 to AED 120,000 per year, while the average cost of buying a property in Dubai is around AED 1,500,000," wrote a member who made the move to Dubai, the UAE.

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What is the average cost of housing in Dubai?

If you live in Dubai, newcomers to Dubai would love to hear your answer to this question.