Salary and offer/package questions - Part 2 - Page 11

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Salary and offer/package questions - Part 2 - Page 11


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  #101 (permalink)  
Old 27th August 2013, 03:59 AM
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  #102 (permalink)  
Old 27th August 2013, 05:58 AM
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I don't normally deal in hypothetical's but when I do, its to do with my potential package in UAE (this is a reference to the "Most Interesting Man in the World" commercial here in the US).

I am hopefully close to a point where I will have to ask this question so might as well ask now. So here are the hypothetical numbers.

Base salary here in the US: $125000 (AED 459125)
Lets say the bonus can range from 10K-20K a year but I am not even counting that for now

Assuming that I get offered an exact conversion of what I make here in the US (not my ideal scenario but possible) and lets say the break down is as follows.

Base pay per year in Dubai: AED 312,205 (USD 85,000)
Living/housing allowance: AED 146,920 (USD 40,000)
Lets say that return airfare is outside of this number

Its just my wife and me and she also plans to find work when she gets here (With 2 masters degrees from the US, I am sure she can grab something that'll pay her at least $40K-50K a year) but she is not in the numbers equation for now.
Anyways, when I looked for rentals in a decent spot in downtown on Dubizzle, I can relatively easily find places that are within my living allowance listed above. This would include the rental fee (5%?)

Now we come to the other part. Lets say, I spend USD $2500 a month on bills, utilities, food and a little bit of going out, it'll come out to $30000 a year. Definitely less than what I spend here in the Washington DC metro area.

Lets move on to the car. Lets say for the first year I spend USD $25,000 on a car (used or rental) and fuel. This takes it to USD $55,000 which still leaves me USD $30,000 at the end of the year (Savings ). This of course is with a fairly certain assumption that I will not be paying US taxes due to a combination of the foreign income exclusion and the housing exclusion.

Are my numbers way off? Appreciate some candidate feedback.
Number one start thinking all in AED. It is hard to comment on budgets when you have to convert all your numbers.

Again that breakdown does not mean anything except from the perspective of payout when you leave. I cannot imagine why you would want to pay in the range of 30% of your salary on rent for just you and your wife.

Do I think you could save $30K in a year if you had that package. Yes, I think it is possible, you can live very comfortable and still save that amount. If you want to drive a Merc, live in a stylish 2 bedroom place, go out for dinner and drinks and hit brunches regularly than I would say you won't hit those targets.
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  #103 (permalink)  
Old 27th August 2013, 10:09 AM
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Hey guys,

New to this thread and hope I'll be able to get some advice here.

I'm 26 years old, single and would be coming alone. The job I'm interviewing for is in the shipping industry, where I have about 5 years experience.

I have been discussing the position via a headhunter who mentioned the company's budget was AED 10-12,000 per month + housing/car etc. on top. He did however benchmark me to around AED 20,000 maybe more. Benchmarking from internet research puts me at 15-25,000 per month (huge spread, I know).

My current salary in Denmark is just over AED 20,000 gross per month (and we have taxes that make you go teary-eyed here)

I've been looking over this forum for possible budgets and have come up with this so far:

Food: 2,000 per month
TV/Internet/Phone: 1,000 per month (though should be covered by company)
Cleaning: 500 per month
Utilities: 500 per month
Savings: 3,000 per month
Clothing: 1,500 per month
----------------------------------------------
Total 8,500 per month

The question then becomes how much should I ask for in accommodation and car allowance.

The company's office is on Sheikh Zayed road. Ideally I am looking for a 1 bedroom apartment not too far away. and in a decent area. From what I can gather, I should budget 50,000-80,000 per year for this.

The car is the tricky part. If I were to drive one of those cheap white toyota's I see all over the place, I reckon it would cost me 3,000 per month. What's the next level after that? I would probably add some out of pocket to get a slightly better car.

Am I being realistic here? If so, I reckon the package I should be looking for to live comfortably is something alone the lines of:

Salary: 13,500+
Housing: 6.000+
Car: 3,000+
+ annual home leave
+ medical insurance

I.e. my "breaking point" for minimum gross salary should be AED 22,500 per month, and my market value should be closer to 29,000 per month.

Thanks very much for any feedback.


Last edited by matt87; 27th August 2013 at 10:19 AM.
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  #104 (permalink)  
Old 27th August 2013, 11:12 AM
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Originally Posted by matt87 View Post

Food: 2,000 per month more than enough for a single chap! maybe 1,500? that said, are you including going out / drinking / lunch at work etc?
TV/Internet/Phone: 1,000 per month wow! that's a fairly comprehensive full on package! yes, if the company is paying. maybe go 500 if you're paying
Cleaning: 500 per month between that and zero, depending on what you can manage yourself, if you are planning to save....assume around 30aed / hour for cleaning, so you'd get 4 hours a week for 500. For a one-bed apartment, that's a lot of cleaning!
Utilities: 500 per month i do not have experience of apartment utility costs
Savings: 3,000 per month
Clothing: 1,500 per month if that's your thing! that's about 50% of my annual budget!
Municipality Housing 'fee' - 5% of rental income - 350 per month for 80,000 rent
----------------------------------------------
Total 8,500 per month

.
comments above

allowances tend to be related in value to the salary level.
I can't see them offering you more than 3,000 for transportation. Chances are it will be nearer 2,000
Assume they'll hit you with a lower housing allowance too.
any offer they make will be a first pass, so you should at least go back with a counter-offer.
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Last edited by vantage; 27th August 2013 at 11:18 AM.
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  #105 (permalink)  
Old 27th August 2013, 11:44 AM
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Hi -

We have an offer for a position in Dubai, however there is currrently no relocation as part of that deal. Just wondering what people generally get offered for relocation, or re-establishment?

We prob will not ship our things, but rather set ourselves up over there. We are a married couple with 3 young children (5 years, 3 years, 8 weeks).

Just looking for a rough idea of how much setting us up furniture wise would cost.

Thanks!

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  #106 (permalink)  
Old 27th August 2013, 12:07 PM
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Quote:
Originally Posted by vantage View Post
comments above

allowances tend to be related in value to the salary level.
I can't see them offering you more than 3,000 for transportation. Chances are it will be nearer 2,000
Assume they'll hit you with a lower housing allowance too.
any offer they make will be a first pass, so you should at least go back with a counter-offer.
Thanks for the quick reply vantage.

Actually I put 2,000 because I've seen others put 1,500 and I tend to go out a lot for dinner, so I bumped it up. I have not included drinking here, of which there will probably be a fair share if all goes well!

Regarding the cleaning, I saw it was 35 per hour in another thread with a minimum of 4 hours, thus cleaning 3-4 times a month on average is 420-560.

Clothing; I lost 30kg recently and need to buy new stuff

Had another chat with the headhunter earlier and he said the company would be providing apartment and car. Sounded like they already had both leased, though am not sure if this is the custom.

If that is the case, I should have no worries at all, and plenty of $$ left to save.

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  #107 (permalink)  
Old 27th August 2013, 12:17 PM
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Had another chat with the headhunter earlier and he said the company would be providing apartment and car. Sounded like they already had both leased, though am not sure if this is the custom.

If that is the case, I should have no worries at all, and plenty of $$ left to save.
Be careful here, you could get stuck in a apartment sharing situation, and Iím 99% sure youíll get a yaris or a tiida as a car.
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  #108 (permalink)  
Old 27th August 2013, 12:50 PM
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Be careful here, you could get stuck in a apartment sharing situation, and Iím 99% sure youíll get a yaris or a tiida as a car.
I looked up apartment prices on dubizzle, but couldn't find a source for car leasing in any of the stickies. Do you have a good link?

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  #109 (permalink)  
Old 27th August 2013, 01:23 PM
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I don’t have a link and I don’t rent a car but I think a yaris is about 1.5k, a kia optima is 2.5k and something like a Nissan pathfinder 4x4 is close to 4k.

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  #110 (permalink)  
Old 27th August 2013, 01:46 PM
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I looked up apartment prices on dubizzle, but couldn't find a source for car leasing in any of the stickies. Do you have a good link?
These threads have good info:

http://www.expatforum.com/expats/dub...ices-here.html

http://www.expatforum.com/expats/dub...tting-car.html

http://www.expatforum.com/expats/dub...endations.html

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