Salary package - Opinions needed

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Salary package - Opinions needed


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Old 26th November 2016, 12:51 PM
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Default Salary package - Opinions needed

Hi everyone,

Your ideas are really needed as I have to reply the job offer tomorrow!!
Its a manager position in a bank. I have 12 years of experience in banking and I must say I have an over the average standard of life with what I earn now.
The offer in Dubai is a salary package of 35.000 AUD/month,medical ins. for both , 1 flight ticket per yea + bonus(it depend on my performance).We do not have a kid ,its just me and my wife.I don't know if it is a problem for the sponsorship but my wife is jewish.
We are planning to live around Marina or Palm Jumeriah with one bedroom flat.. Hopefully wish to buy a Porsche or a similar (still don't know if it is a good idea).Eat out once or twice a week.
And manage to save 4.000-5.000 usd per month.

We are so confused now really don't know what to do. I am sure you were all in my shoes before .. Need to hear your thoughts..

Thank you all in advance ..

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Old 26th November 2016, 12:53 PM
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Hi,
Welcome to the forum.
It would help greatly if you didn't mix your currencies!
Is it AED (normal way of stating UAE dirhams), AUD (Aussie dollars) or US dollars?
Cheers
Steve
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Old 26th November 2016, 12:59 PM
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Quote:
Originally Posted by Stevesolar View Post
Hi,
Welcome to the forum.
It would help greatly if you didn't mix your currencies!
Is it AED (normal way of stating UAE dirhams), AUD (Aussie dollars) or US dollars?
Cheers
Steve
thank you for the warning..
the offer is 35.000AED and target saving is 15.000-18.000 AED per month.

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Old 27th November 2016, 05:50 AM
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35k is a decent package for a couple. If you want to save 15k a month and live off of 20 then you will not have a flash lifestyle (forget about the Porsche).

A 1 bedroom apartment in JLT or even the Marina in the cheaper buildings. Two decent meals out per week with minimal alcohol (if any). Groceries from Carrefour. Mild social life. A midrange Japanese car. Quiet but still comfortable. All that can be done for 20,000 a month.

However, the temptation to spend more is very real. It's up to you to have the control to stick to a budget.
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Old 28th November 2016, 07:39 PM
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I don't believe 20K would suffice. The cheapest 1 BD flat in marina would cost at least 12K monthly (Rent, DEWA deposit, security deposit, agency fees, cooling if any, internet, TV, DEWA bills, furniture).

Grocery would run around 4K monthly. Outing twice a week 2K monthly (nothing lavish, just ordinary dinning). Petrol and a Toyota yaris 2K monthly. Your 20 is gone and we will assume you will never shop, buy any gadgets, clothes or travel anywhere or spend anything on entertainment.
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Old 29th November 2016, 05:30 AM
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There's plenty of listings for 1-bedrooms in the Marina for 70-80K. Marina Diamonds etc. Those will have cooling included. Typical dewa bill + internet will probably be 1,000 a month altogether (500 for dewa, 500 for internet). Say it's 80k for the apartment, add another 12k for utilities/internet, total is 92K, or 7666 a month. A lot less than 12k a month you're claiming.

All the other expenses you mentioned are one-off costs (deposits, agency fees, furniture).

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Originally Posted by ThunderCat View Post
I don't believe 20K would suffice. The cheapest 1 BD flat in marina would cost at least 12K monthly (Rent, DEWA deposit, security deposit, agency fees, cooling if any, internet, TV, DEWA bills, furniture).

Grocery would run around 4K monthly. Outing twice a week 2K monthly (nothing lavish, just ordinary dinning). Petrol and a Toyota yaris 2K monthly. Your 20 is gone and we will assume you will never shop, buy any gadgets, clothes or travel anywhere or spend anything on entertainment.

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Old 3rd December 2016, 10:39 AM
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Quote:
Originally Posted by TallyHo View Post
There's plenty of listings for 1-bedrooms in the Marina for 70-80K. Marina Diamonds etc. Those will have cooling included. Typical dewa bill + internet will probably be 1,000 a month altogether (500 for dewa, 500 for internet). Say it's 80k for the apartment, add another 12k for utilities/internet, total is 92K, or 7666 a month. A lot less than 12k a month you're claiming.

All the other expenses you mentioned are one-off costs (deposits, agency fees, furniture).
I have re-searched property finder and there is only 1 listing for 80K in marina and it is probably fake. All other listings are 95+ reaching up to 145K. I took an average.

If you have a rent of 100K then you pay a monthly housing tax of 416 AED. How on earth did you calculate that electricity + water + internet is around 585 AED ? That's very misleading.

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Old 3rd December 2016, 03:57 PM
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Well, I just took a look.

Dubizzle is showing many apartments at 80k and under in the Marina. Mostly the Diamonds, DEC tower, Marina Park, Sulafa, Pinnacle, Dream, and even Zumurud (which is nice building), and, of course, Manchester (though that's to be avoided).

I actually counted six pages of listings for just today (3 December).

Propertyfinder.ae is also showing plenty of listings (posted in the last few days) at 80k and below in those same towers.

Of course, none of these buildings are Al Majara, the Original 6, or the other nicer buildings, but just pointing out that you can quite easily find a one bedroom for 80 and under.

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Old 6th December 2016, 01:50 PM
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Quote:
Originally Posted by ThunderCat View Post
Grocery would run around 4K monthly. Outing twice a week 2K monthly (nothing lavish, just ordinary dinning). Petrol and a Toyota yaris 2K monthly. Your 20 is gone and we will assume you will never shop, buy any gadgets, clothes or travel anywhere or spend anything on entertainment.
Grocery 4k for a couple, buying mainly at Carrefour? Seems very high. I'd have thought more like 600 a week for groceries

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Old 6th December 2016, 03:02 PM
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ThunderCat is not good with his finances or very fussy.

As a single I spend around 200 a week on groceries, mostly at Carrefour, some at Spinneys/Waitrose. A more lavish diet may double that. A couple would probably spend between 600-700/week and eat well (not factoring in any meals out). A couple on a budget can still eat quite well for 500 AED/week.

Quote:
Originally Posted by AlexM1985 View Post
Grocery 4k for a couple, buying mainly at Carrefour? Seems very high. I'd have thought more like 600 a week for groceries

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