Re: Expat package comparable to £120,000/yr
Originally Posted by Mr Moleskins
(Post 5849471)
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. 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. |
Re: Expat package comparable to £120,000/yr
Originally Posted by nottmbantam
(Post 5849482)
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 :-( www.longorshortcapital.com www.leveragedsellout.com (though the last few entries are no good) |
Re: Expat package comparable to £120,000/yr
Originally Posted by welrifai
(Post 5849440)
Border,
You bring up a good point - I understand that I'll be hit with all kinds of hidden fees and taxes after arrival - any idea what they'll cost per year and what some of them are? 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.... :eek: |
Re: Expat package comparable to £120,000/yr
Originally Posted by Border Reiver
(Post 5849530)
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.... :eek: 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! |
Re: Expat package comparable to £120,000/yr
Originally Posted by welrifai
(Post 5849486)
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. 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...?). |
Re: Expat package comparable to £120,000/yr
Originally Posted by Border Reiver
(Post 5849297)
Some entertainment here is very expensive (eg alcohol) and some is very cheap (eg Russian hookers). Depends how often you want to go out and where you want to go. And what (and who) you want to do when you get there.
|
Re: Expat package comparable to £120,000/yr
Originally Posted by welrifai
(Post 5848745)
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 How can we help you if you don't say what colour of Porche you want!!!! |
Re: Expat package comparable to £120,000/yr
Originally Posted by Madam Medusa
(Post 5849015)
hahahaha...you just took the words right out of my mouth...
MM, xx Porche' He took the word right out of his post-didn't ya welrifai? After all my colour coding posting. |
Re: Expat package comparable to £120,000/yr
Originally Posted by lionheart
(Post 5849563)
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!
|
Re: Expat package comparable to £120,000/yr
Originally Posted by welrifai
(Post 5849550)
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! 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.:ohmy: Dubai is NOT a cheap place to live anymore. |
Re: Expat package comparable to £120,000/yr
Originally Posted by welrifai
(Post 5849222)
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??? welcome to BE by the way...how come no one told me about this thread... |
Re: Expat package comparable to £120,000/yr
Originally Posted by welrifai
(Post 5849007)
I can't be splashing out on a Lambo or a Mas :-). I'm 26, and need to save £60,000 for my MBA in the next 18 months :-). Boxster is a bit fun (if a bit girly), without breaking the bank! What would you buy on £35,000?
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!!! :D |
Re: Expat package comparable to £120,000/yr
Originally Posted by welrifai
(Post 5849007)
I can't be splashing out on a Lambo or a Mas :-). I'm 26, and need to save £60,000 for my MBA in the next 18 months
|
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 :D |
Re: Expat package comparable to £120,000/yr
Originally Posted by Robbies
(Post 5852342)
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 :D |
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