Is it possible to save money in AD?
New to AD - does anyone even save money here with the high costs?
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Re: Is it possible to save money in AD?
yes i would say people do if you have your accommodation covered in full or you have been here a while and are on the 'old' rents etc but nowadays a lot of people dont and they are up and leaving because they cannot afford to live, the cost of living alone has gone up 40% apparently and that before you need to factor in rent etc.
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Re: Is it possible to save money in AD?
I think the people most affected by the high cost of living (at least in Dubai) in general are (a) those that have arrived here within the past 2-3 years (b) those whose salaries have not kept pace with real inflation, especially if they lived in expensive housing and didn't keep a rent buffer (c) those that were already spending 80% of their salary just to cover basic necessities.
Unfortunately we have a situation where people are taking loans/using credit cards/falling prey to loan sharks just to keep their heads above water.....and you are now hearing of a sharp increase in suicides e.g. the young couple and their 20 month old child who were found in the creek recently:( |
Re: Is it possible to save money in AD?
thats so sad ....
but yes u can save ...we have a nice home (yes low rent)at mo...2 nice cars..a home in uk..and have still managed to buy a holiday home in 3 years of bein here..with a good quality of life .......both cars will be paid for by jan a pajero and a merc c200 kompressor......next maywill be different as rent may rocket ...but have an emergancy option there too so hopefully will be ok |
Re: Is it possible to save money in AD?
Originally Posted by lobby lou
(Post 6815341)
......next maywill be different as rent may rocket ...
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Re: Is it possible to save money in AD?
yes thats if you managed to find a place in ad that doesnt cost the earth.
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Re: Is it possible to save money in AD?
thatwould be nice xxxxx
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Re: Is it possible to save money in AD?
Originally Posted by outtatouch
(Post 6814369)
New to AD - does anyone even save money here with the high costs?
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