Expat package comparable to £120,000/yr
#31
Forum Regular
Thread Starter
Joined: Jan 2008
Posts: 35
Re: Expat package comparable to £120,000/yr
I think being an international arms traders carries a lot of credibility, but most of that would be lost if you turned up for a trade in your boxster.
It would be like Keith Moon throwing an ipod out of his hotel window. Yes it does the job but it just isn't good enough.
It would be like Keith Moon throwing an ipod out of his hotel window. Yes it does the job but it just isn't good enough.
Given the tenor of today's international arms market, I think the risk would be high, and the lender would find it necessary to hedge with a considerable long position on my "client's" stock exchanges.
#32
Forum Regular
Thread Starter
Joined: Jan 2008
Posts: 35
Re: Expat package comparable to £120,000/yr
Get into all three plus drugs and prostitution, and you'll be in a Veyron before the month is out.....
None of this namby pamby risk analysis stuff.
I've got websense at work too, its really frustrating, all the eBay sites are filtered plus games and all the 'fun' stuff :-(
None of this namby pamby risk analysis stuff.
I've got websense at work too, its really frustrating, all the eBay sites are filtered plus games and all the 'fun' stuff :-(
www.longorshortcapital.com
www.leveragedsellout.com (though the last few entries are no good)
#33
Re: Expat package comparable to £120,000/yr
On the car front you have road tolls (cheap, but they do add up), speeding fines (there are so many cameras you can't avoid them all) etc etc.
There is a huge tax on alcohol (about 20% I think) as well as a 10% service charge and 10% "fee" on anything you do or buy in a hotel.
And that is just off the top of my head....
#34
Forum Regular
Thread Starter
Joined: Jan 2008
Posts: 35
Re: Expat package comparable to £120,000/yr
Well, to kick off with there is an annual 5% municipality "fee" (that is tax to you and me) on your rent- added monthly to your utility bill. Then the letting agent will want 5% for the privilege of finding you your apartment- that is paid by the tenant not the landlord in Dubai. Then there is the prospect of paying (at least) six months rent up front. A 1,000Dhs (2,000Dhs for a villa) deposit to DEWA in case you don't pay your bills but at least that is refundable when you move out. And that is just the housing.
On the car front you have road tolls (cheap, but they do add up), speeding fines (there are so many cameras you can't avoid them all) etc etc.
There is a huge tax on alcohol (about 20% I think) as well as a 10% service charge and 10% "fee" on anything you do or buy in a hotel.
And that is just off the top of my head....
On the car front you have road tolls (cheap, but they do add up), speeding fines (there are so many cameras you can't avoid them all) etc etc.
There is a huge tax on alcohol (about 20% I think) as well as a 10% service charge and 10% "fee" on anything you do or buy in a hotel.
And that is just off the top of my head....
So what would you say is my monthly rent + utilities (including broadband & Sat TV) + municipality fee + agent fee total for a 1 bedroom near DIC? I'm thinking it's now around £1,500 that we're talking about? Jeez - this is actually looking MORE expensive than London!
#35
Forum Regular
Joined: Apr 2007
Posts: 111
Re: Expat package comparable to £120,000/yr
Well, I'll have to find someone willing to provide a $1M loan against future arms trades so I can get that Bugati.
Given the tenor of today's international arms market, I think the risk would be high, and the lender would find it necessary to hedge with a considerable long position on my "client's" stock exchanges.
Given the tenor of today's international arms market, I think the risk would be high, and the lender would find it necessary to hedge with a considerable long position on my "client's" stock exchanges.
Most of the roads are straight (well, they were the last time I was in Dubai a year ago - am relocating in a few months), so anything that can go round corners at speed is probably a waste of money. I'd go V8 straight line speed (I wonder if you can get the 7l Holden out there...?).
#36
Account Closed
Joined: Jul 2007
Posts: 7,028
Re: Expat package comparable to £120,000/yr
Are you serious? I paid Dhs24 for a pint of guinness last night...my friend told me that the Russian hooker at the bar wanted Dhs1,500 for her services!
#37
Re: Expat package comparable to £120,000/yr
After having been in the UK for the last 14 months (and the US prior to that), it is likely that I'm moving to Dubai in March.
I'm trying to find out what income I would need to maintain my current standard of living. I am single 26 year old male and will be taking a regional management position for a Silicon Valley company.
Current situation in London, England
=====================================
Income: £120,000/year
Housing: 1 bedroom flat in Islington
Automobile: None
Savings: £20,000 (only 3 years out of Uni...)
Desired situation in Dubai
=====================================
Housing: 1 bedroom flat in Jumeirah Palms, or somewhere walking distance to the shore. Should have a pool and gym. Close to Dubai Internet City, where I'll be working.
Automobile: A nice new convertible!
Can you give me some idea what this type of lifestyle requires in terms of income? Is it true that rents are usually paid up front for the year? Are flats rented with/without furniture? Can you think of any "surprise" expenses I will incur that aren't typical in the UK or US?
Drop me an email at welrifai [at] gmail [dot] com.
I've seen numbers that suggest that I could enjoy this lifestyle on £40,000/yr... is that true? Should I expect my package to pay housing, auto, and health care?
Thanks!
Wael
I'm trying to find out what income I would need to maintain my current standard of living. I am single 26 year old male and will be taking a regional management position for a Silicon Valley company.
Current situation in London, England
=====================================
Income: £120,000/year
Housing: 1 bedroom flat in Islington
Automobile: None
Savings: £20,000 (only 3 years out of Uni...)
Desired situation in Dubai
=====================================
Housing: 1 bedroom flat in Jumeirah Palms, or somewhere walking distance to the shore. Should have a pool and gym. Close to Dubai Internet City, where I'll be working.
Automobile: A nice new convertible!
Can you give me some idea what this type of lifestyle requires in terms of income? Is it true that rents are usually paid up front for the year? Are flats rented with/without furniture? Can you think of any "surprise" expenses I will incur that aren't typical in the UK or US?
Drop me an email at welrifai [at] gmail [dot] com.
I've seen numbers that suggest that I could enjoy this lifestyle on £40,000/yr... is that true? Should I expect my package to pay housing, auto, and health care?
Thanks!
Wael
How can we help you if you don't say what colour of Porche you want!!!!
#39
Re: Expat package comparable to £120,000/yr
I must be out of touch with the going rate for Russian hookers but I suppose you could always negotiate. Which you couldn't do with the Guinness...
#40
Re: Expat package comparable to £120,000/yr
Border Reiver,
So what would you say is my monthly rent + utilities (including broadband & Sat TV) + municipality fee + agent fee total for a 1 bedroom near DIC? I'm thinking it's now around £1,500 that we're talking about? Jeez - this is actually looking MORE expensive than London!
So what would you say is my monthly rent + utilities (including broadband & Sat TV) + municipality fee + agent fee total for a 1 bedroom near DIC? I'm thinking it's now around £1,500 that we're talking about? Jeez - this is actually looking MORE expensive than London!
Rent: 9,000Dhs/month
Municipality fee: 450Dhs/month
Agent fee (payable in full on signing the tenancy agreement): 5400Dhs
DEWA (water and electricity): 200Dhs/month (Air conditioning is usually included in the maintenance fee, which the landlord pays)
TV/internet: 400Dhs/month
So, just over 10,000Dhs a month, which is about £1,350.
Dubai is NOT a cheap place to live anymore.
#41
Re: Expat package comparable to £120,000/yr
I had to look up "Tall Poppy Syndrome" on wikipedia! This is not about social status, this is about wanting to have a fun car before I'm married with kids :-) and have a wife that makes me trade it in for an SUV!!!
Our "websense" software in my office blocked that ebay auction - what was it for???
Our "websense" software in my office blocked that ebay auction - what was it for???
welcome to BE by the way...how come no one told me about this thread...
#42
Re: Expat package comparable to £120,000/yr
Check out www.automiddleeast.com for reviews etc and see what your budget could get you.
Double your budget and add a bit more and treat yourself to the Audi R8! Very sexy ... you only live once!!!
#44
Re: Expat package comparable to £120,000/yr
Get yourself a well spec'd Boxster S with a hard top if you fancy it - driven them and they are definitely good fun. The S starts at 190k AED *NEW* = 26k GBP
But, FYI, a 911 starts from 270k AED (NEW) = 36k GBP and the 911 Convertible is 306k AED = 42k GBP...
Try looking on www.porschedubai.com to see what used 911's they have around 1 to 2 years old which would be in your budget.
Cars are much cheaper here
But, FYI, a 911 starts from 270k AED (NEW) = 36k GBP and the 911 Convertible is 306k AED = 42k GBP...
Try looking on www.porschedubai.com to see what used 911's they have around 1 to 2 years old which would be in your budget.
Cars are much cheaper here
#45
Forum Regular
Thread Starter
Joined: Jan 2008
Posts: 35
Re: Expat package comparable to £120,000/yr
Get yourself a well spec'd Boxster S with a hard top if you fancy it - driven them and they are definitely good fun. The S starts at 190k AED *NEW* = 26k GBP
But, FYI, a 911 starts from 270k AED (NEW) = 36k GBP and the 911 Convertible is 306k AED = 42k GBP...
Try looking on www.porschedubai.com to see what used 911's they have around 1 to 2 years old which would be in your budget.
Cars are much cheaper here
But, FYI, a 911 starts from 270k AED (NEW) = 36k GBP and the 911 Convertible is 306k AED = 42k GBP...
Try looking on www.porschedubai.com to see what used 911's they have around 1 to 2 years old which would be in your budget.
Cars are much cheaper here