UAE National Bonds
Jun 28th 2007, 7:44 am
#1
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Thread Starter
Joined: Jul 2004
Location: currently Dubai, ex UK
Posts: 4,582
UAE National Bonds
anyone bought these? any income received back? any problems or redemption issues?
think of purchasing some for a while... most other interest rates are not to great anyways and it's a short term thing.
think of purchasing some for a while... most other interest rates are not to great anyways and it's a short term thing.
Jun 28th 2007, 8:14 am
#2
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Joined: Oct 2004
Location: Back in the sand
Posts: 1,279
Re: UAE National Bonds
Hi Auto,
We have some, returns so far are fairly low (approx 2%) but with the ForEx rates as they are sending it home is a killer.
We have had no issues in setting them up, but have not tried to redeem any yet. What winnings we have had are sent in certificates as the equivalent value in bonds.
We are happy enough that we will look to get some more in the next couple of weeks and just keep our fingers crossed for the million...
Cheers.
We have some, returns so far are fairly low (approx 2%) but with the ForEx rates as they are sending it home is a killer.
We have had no issues in setting them up, but have not tried to redeem any yet. What winnings we have had are sent in certificates as the equivalent value in bonds.
We are happy enough that we will look to get some more in the next couple of weeks and just keep our fingers crossed for the million...
Cheers.
Jun 28th 2007, 8:41 am
#3
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Thread Starter
Joined: Jul 2004
Location: currently Dubai, ex UK
Posts: 4,582
Re: UAE National Bonds
Hi Auto,
We have some, returns so far are fairly low (approx 2%) but with the ForEx rates as they are sending it home is a killer.
We have had no issues in setting them up, but have not tried to redeem any yet. What winnings we have had are sent in certificates as the equivalent value in bonds.
We are happy enough that we will look to get some more in the next couple of weeks and just keep our fingers crossed for the million...
Cheers.
We have some, returns so far are fairly low (approx 2%) but with the ForEx rates as they are sending it home is a killer.
We have had no issues in setting them up, but have not tried to redeem any yet. What winnings we have had are sent in certificates as the equivalent value in bonds.
We are happy enough that we will look to get some more in the next couple of weeks and just keep our fingers crossed for the million...
Cheers.
cheers!
Jun 28th 2007, 8:43 am
#4
Just Joined
Joined: Jun 2007
Location: Dubai
Posts: 10
Re: UAE National Bonds
I have some and i won once extra 10 equal 100 dhs
Jun 28th 2007, 8:48 am
#5
BE Forum Addict
Joined: Mar 2007
Location: stuck at red
Posts: 1,525
Re: UAE National Bonds
I'm putting everything into them next week in time for the July 7 draw
apart from what I'm putting into Mashreq Millionnaire for the AED 4MM draw in August!
apart from what I'm putting into Mashreq Millionnaire for the AED 4MM draw in August!
Jun 28th 2007, 10:56 am
#6
Soupy twist
Joined: Dec 2004
Posts: 2,271
Re: UAE National Bonds
We've opened an account for our baby daughter as some friends here gave her money.
It was BC's idea and she gave me the form.
It was BC's idea and she gave me the form.
Jun 29th 2007, 6:45 am
#8
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Joined: Jul 2004
Location: currently Dubai, ex UK
Posts: 4,582
Re: UAE National Bonds
What's your current view on the bonds? The UK national bonds were seen as a reasonable investment by financial types...
Cheers!
Jun 29th 2007, 7:42 am
#9
Forum Regular
Joined: Jan 2007
Location: Dubai, UAE
Posts: 136
Re: UAE National Bonds
I did quite well early on - bought 5k to start with and won 1k in the first month. Won Dhs100 and Dhs500 since then. Prize bonds have arrived in the post promptly. The problem is that more bonds are being sold but there are the same number of prizes so chances are reduced every month.
I should be telling everyone that it is no good so they dont buy any more bonds and my chances of winning stay the same.
I should be telling everyone that it is no good so they dont buy any more bonds and my chances of winning stay the same.
Jun 29th 2007, 8:19 am
#10
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Joined: Apr 2005
Location: Melbourne
Posts: 4,553
Jun 30th 2007, 6:44 am
#11
Concierge
Joined: Feb 2007
Posts: 29,625
Re: UAE National Bonds
We have got some and seem to win every month! Not masses of money but it is a good way to save. Redemption is easy, you need to have had the bonds for 30 days before you can cash them in.
www.nationalbonds.ae, available at all branches of Al Ansari exchange, just need passport copy and you don't have to be a resident of the UAE
Good luck!
www.nationalbonds.ae, available at all branches of Al Ansari exchange, just need passport copy and you don't have to be a resident of the UAE
Good luck!
Jul 2nd 2007, 4:24 am
#12
BE Forum Addict
Joined: Mar 2007
Location: stuck at red
Posts: 1,525
Re: UAE National Bonds
We have got some and seem to win every month! Not masses of money but it is a good way to save. Redemption is easy, you need to have had the bonds for 30 days before you can cash them in.
www.nationalbonds.ae, available at all branches of Al Ansari exchange, just need passport copy and you don't have to be a resident of the UAE
Good luck!
www.nationalbonds.ae, available at all branches of Al Ansari exchange, just need passport copy and you don't have to be a resident of the UAE
Good luck!
Jul 2nd 2007, 4:27 am
#13
Lost in BE Cyberspace
Joined: Sep 2006
Posts: 18,187
Re: UAE National Bonds
got some yesterday! Only there's no concensus on how close to the next draw date (i.e. every first Saturday) you can buy them to be in with a chance for that month. The Ansari Exchange people told me they didn't know for sure as they're only agents for the bonds company, and if you call them direct they say to guarantee it you need to buy two weeks before the draw!
MM, xx
