South African looking for advice and opportunity in Dubai

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South African looking for advice and opportunity in Dubai


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Old 4th July 2013, 02:23 PM
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Default South African looking for advice and opportunity in Dubai

Good Day

I am currently an Acquisition Private Banker at one of the big 4 banks in SA and I am looking for an opportunity in Dubai in the same field (private banking).

I am married and have a young son (3 months old). I would like to enquire as to what the average costs of moving from SA to Dubai are? What is the nature of schooling and education in Dubai and which areas in Dubai are the best for raising a child?

With regards to salary, what is a decent salary for bankers in Dubai?

How do property rentals work? Is it advisable to have around R100k savings before considering moving to Dubai? Or does the employer cover the relocation costs?

Sorry for all the questions. I am focused on moving to Dubai in the near future and I would like to get the ball rolling.

Thank you kindly,

Mitesh

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Old 7th July 2013, 10:56 AM
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Moving costs for myself and my wife, think it was about R50 000 for a 20 foot container, paid by her company, used Pickfords. Takes about 6 weeks.

Rentals, paid annually, usually 1 cheque. Lots of info on the forums about this, including extra costs (agency fees, DEWA bills).

Not a banker, so can't help you with that.

Some companies will pay moving costs, yearly rent, help with car, and schooling for the kids, big international ones.

Hope this helps some.

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Old 7th July 2013, 11:01 AM
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Hi Klaaf,


Thank you for the feedback. Helps a lot.

What is life like for South Africans there? I've read a lot of positive and negative things so I'm stuck in the middle at the moment.

Thanks again

Mitesh

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Old 7th July 2013, 11:28 AM
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South Africa is a diverse country, so not sure your lifestyle.

I'm from Cape Town, did mountain biking and hiking Table Mountain once a week, love the rain, so this is a big adjustment for me, but its a new experience, and I'm embracing it. I got to watch some rugby in an Irish pub, with a bunch of Brits, an a few Ozzies, which was great.

Things are expensive here compared to SA, except fuel, cars, and water. The malls are big, but nothing you can't get from the V&A or Canal Walk....Gateway in KZN, or Sandton up North, unless you want to shop at Guess for kids....WTF. Decent sales on if you are a shopper, on a huge variety of things. Not paying income tax does help.

Its safe, its clean, and the interest rate is 1/2 of what it is in SA. Its a travel hub, is pretty central, bring Middle East and all.

In case you are not sure if you can handle the heat, its like Durban on steriods with humidity, and its pretty weird when you walk outside and your sunglasses mist up, but this is Summer.

Rentals are insanely expensive, make sure your future company pays you an allowance of more than 100 000 AED/ year, and its going up fast. Check out dubizzle Dubai for rentals to get an idea (owned by NASPERS back home).

If you homesick, there is South Africa all over the place, food products, hospitals, green and gold jerseys, or the Rugby/Cricket on OSN. Some companies offer return tickets back home yearly.

I've read some people get lonely here, but i guess this could be true for anywhere. Join a club, take up a hobby, meet people from different nationalities, and embrace being far from home.

Maybe you get lucky and more South Africans can comment.

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Old 7th July 2013, 04:29 PM
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Old 8th July 2013, 12:23 PM
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Hi Klaaf,

I appreciate your detailed response. We are based in Jhb but have a very simple lifestyle. Low expenses etc.

Sport is obviously extremely important so very good to hear that

I want to ask if a salary of aed12000 a month would be sustainable for a family of 3?

Thanks again for all your advice thus far.

Mitesh

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Old 8th July 2013, 12:47 PM
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Quote:
Originally Posted by mitesh View Post
Hi Klaaf,

I appreciate your detailed response. We are based in Jhb but have a very simple lifestyle. Low expenses etc.

Sport is obviously extremely important so very good to hear that

I want to ask if a salary of aed12000 a month would be sustainable for a family of 3?

Thanks again for all your advice thus far.

Mitesh

I just had a SA guy give up and go back home after less than a year. 14,000 salary, housing, vehicle, mobile paid as well as 65% of school fees for the two kids. Wife with a job.

Said he couldn't make it here on that but also had personal issues.

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Old 8th July 2013, 03:36 PM
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Thank you for that. Seems like a decent package. I guess it's about lifestyle at the end of the day. Which industry are you in?

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Old 8th July 2013, 03:53 PM
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Originally Posted by mitesh View Post
Thank you for that. Seems like a decent package. I guess it's about lifestyle at the end of the day. Which industry are you in?
Related to heavy construction. I will have to add I budget 15,000 of my salary for here in Dubai, same type of benefit package but no kids.

I drink way too much, eat out (or delivery) 90% of the time, travel a lot on vacation and tend to enjoy the nightlife and am doing fine.

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Old 8th July 2013, 05:31 PM
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Originally Posted by XDoodle****** View Post

Related to heavy construction. I will have to add I budget 15,000 of my salary for here in Dubai, same type of benefit package but no kids.

I drink way too much, eat out (or delivery) 90% of the time, travel a lot on vacation and tend to enjoy the nightlife and am doing fine.
I need to get into construction haha. I'm a mild drinker these days and we only eat out once or twice a week so I would assume that it wouldn't be too bad on a salary of 15000 for myself. It would however be nice to get a package similar to yours with the benefits added.

Nightlife....that's non existent for us, 3 month old baby is game over.

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Old 8th July 2013, 05:40 PM
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The wife is in FMCG, HR Dept. I'm in IT.

Hope you get more answers here on what is enough, because is it ever enough? Get as many people's opinion.

If you want a Porsche Boxster, or Land Rover LR 4, then the more you earn the better. Lots of people seem to live the high life, while others live comfortably and save a ton.

The trick is what the company pays versus you. Rent, Schooling, Car, DEWA, return flights, all your applications to the government and telecoms, then what you earn is what you live on.

My opinion, I agree with the previous poster, 15k AED, with lots of company perks, and large international company if possible.

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