Is it possible to use the same budget for studying outside India instead of local options in UAE/Dubai for a Master's/Postgraduate?

Yes, your current budget is suitable for studying abroad, especially in the UAE.

- Tuition fees for postgraduate programs in the UAE typically range from AED 30,000 to AED 100,000/year (about ₹6.8 lakh to ₹22.6 lakh, subject to change).
- Living expenses in cities like Dubai are usually AED 3,500 to AED 5,500/month (around ₹80,000 to ₹1.25 lakh, subject to change).

With a budget of ₹18.3 lakh to ₹36.5 lakh, you can comfortably cover both tuition and living costs in the UAE. This makes pursuing your master's degree abroad a viable option within your financial plans.