Is it possible to save money in AD?
Sep 24th 2008, 5:51 am
#1
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Joined: Sep 2008
Posts: 53
Is it possible to save money in AD?
New to AD - does anyone even save money here with the high costs?
Sep 24th 2008, 5:59 am
#2
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Joined: May 2008
Posts: 5,125
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.
Sep 24th 2008, 7:10 am
#3
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Location: Melbourne
Posts: 4,553
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
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
Last edited by IndieG; Sep 24th 2008 at 7:12 am.
Sep 24th 2008, 12:17 pm
#4
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Posts: 377
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
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
Sep 24th 2008, 12:24 pm
#6
Lost in BE Cyberspace
Joined: May 2008
Posts: 5,125
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.
Sep 24th 2008, 12:28 pm
#7
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Re: Is it possible to save money in AD?
thatwould be nice xxxxx
Sep 24th 2008, 1:02 pm
#8
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Joined: Aug 2008
Posts: 32
Re: Is it possible to save money in AD?
I have been here for last 6 months and my wife came 1 month ago. We both work and we save 3000 pounds per month thats double of what we saved in UK. And we will need to continue to do that for next 30 years in order to save 3Million pounds for our pension funds (thats equivalent of 60k pound per year pension in todays money).
