AED or United Arab Emirates Dirham is the official currency of United Arab Emirates. The cost of 1 AED is equal to 21 Rs as in July 2020. This may fluctuate as per the current currency rate. UAE is an expensive country. A student must spend 130-150 USD per month for a sustainable living. This cost may vary from city to city. Of course, the transportation cost is not included here as it will depend on the distance and mode of transport.