Hi All,
I am from India but currently live in the United States where I work at an hedge fund. Recently my company asked me if I would like to move to Dubai to establish and run our new office there(small one with 2-3 employees). The catch is that it will not be an expat posting and I will have a local contract. I will have to cut-off all my ties to Uncle Sam (apart from the odd visit or so every year) and move...
While I enjoy my life here, I feel that it is a very good oppurtunity careerwise and am giving it a serious thought. I have been to Dubai couple of times and understand what I will be signing up to as far as the social and cultural aspects are concerned. But it is economical aspect that I am not particularly sure of.
My question to you folk is, would a salary of 500K AED per Annum (I am assuming that I will draw the same salary as I do now) with no additional benefits be enough for me (29 year old, single) to lead a "good life"? I will also get a decent bonus which will go directly in to my savings account.
I don't plan on living a flashy life but would like to have a little extra luxury than what I have now. I am looking at a good modern apartment in one of the nicer areas, a nice german car and a decent social life.
Are my expectations reasonable or am I shooting for the stars here?
Thanks in advance for all your replies.
Cheers