it's a crappy deal.
Feb 04, 2007
I wouldn't take it, and here's why:
15,000AED/mth = ~$4800CDN/mth.
~$4800CDN/mth x 12 = $57600CDN/yr
$57600CDN/yr taxfree = ~$78k/yr CDN with taxes (57.6k * 1.35)
Rent in Dubai is ridiculous, you can easily kiss 10kAED/mth goodbye to rent.
Education for your children is expensive. If you want to send your kids to a local school, you're doing your children a disservice.
Private schools that are internationally accredited are close to 10K.USD/yr.
So doing the math, this is what you get:
15k x 12 months = 180,000AED
Costs:
Rent: 120,000AED
School for 2 kids (10kUSD x 2) = 73,400 AED
You also forget: Food, furniture, car, gas, DEWA (water/electricity), startup costs (you have to pay your rent in advance, plus a 2000AED DEWA deposit), etc, etc...
On top of that, that area of dubai is VERY populated, noisy, and has a LOT of traffic.
Also, when you negotiate your deal, your deal should ensure that any costs your employer is wiling to pay for is CLEARLY documented, and you should ALWAYS ask for an allowance.
ie: If they're going to pay for your car, they should be giving you a straight lump sum on a monthly basis to cover costs.
I'm renting a Toyota Camry, and it's costing me 3000AED a month.
Your deal isn't worth it.
- djl
- Dubai Forums Member
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- Posts: 34
- Location: Canada