Saturday, January 10, 2015

Expats' Financial Hardship in the UAE


I have always heard  - that the Emirates is an expensive place .But it is a lovely place  . At least many Hungarians like it  - especially Abu Dhabi . Easier to make friends  -I hear often  - here in Qatar the expats  are too much reserved at times ,too much show-off is going on . 
Sometimes ,  I wished we moved there  .But after reading this article  where one of my Hungarian acquaintance is telling about their financial hardship  I see that for the time being it is better to stay in Qatar . 
" rental prices in some areas of Dubai have risen 60 per cent over the past 12 months and some schools are proposing an increase in education fees of up to 7 per cent this year"

In British papers  savers are advised to offset predicted price rises by cutting down on life’s luxuries.  But many expats  note  that even  without  luxuries  the cost of living in the UAE  is now so high that it  is not worth for families to come here . Especially if they plan to save. Unfortunately  ,the majority of employers no longer pay rent or school fees .

The rent of a  two bedroom flat for example was  Dh85,000 (  23  thousand dollars ) in 2003 annually . The same flat is around 180 ,000 dirham ( 49,000 dollars ) nowadays .  It is difficult to find  jobs with decent packages . Salaries are decent   but still not enough when someone comes here with kids .

No comments:

expat Qatar