Salary and offer/package questions - Part 2 - Page 153

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Salary and offer/package questions - Part 2 - Page 153


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  #1521 (permalink)  
Old 9th August 2014, 12:31 PM
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Originally Posted by atlanticist View Post
Just been offered a job in IT here for 60k AED pm all in. No health insurance, no end of term bonus - I waive that. No paid holiday (though I get paid for public holidays). I plan to save 40k of this per month I'm a single guy, 46, two kids approaching school-leaving age who will stay with their mum (we're divorced) in the UK. Is living on 20k AED pm doable in Dubai? I thought I could perhaps get a 1 bed in a more upmarket neighbourhood in a complex with gym and pool, plus lease a decent car (Audia A4 or equivalent). But I'm open to ideas. I want to save as much as I can. Can I make do on public transport ? There's a metro near my office in Deira. I've looked briefly at apartments, but really, I don't know where to start ? For me, this is all about saving as much as I can and not being seduced by the glitz and glamour. Can I realistically save £40k AED per month? Everything seems so expensive here.
Yes, you can live here on 20k a month, as a single guy.

Why waive your legal right to eos benefits?
Is a company not legally obliged to provide you with health insurance?
I believe they are legally obliged to give you holiday time, too.

All sounds a bit weird, albeit a good package for a single guy.

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  #1522 (permalink)  
Old 9th August 2014, 01:01 PM
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Originally Posted by vantage View Post
Yes, you can live here on 20k a month, as a single guy.

Why waive your legal right to eos benefits?
Is a company not legally obliged to provide you with health insurance?
I believe they are legally obliged to give you holiday time, too.

All sounds a bit weird, albeit a good package for a single guy.
Dont want to say too much publically, but I was approached by a headhunter and technically, it's his agency that is employing me, I think.

I have a 2000AED pm element which is the eos component, and the contract states I'm simply front-loading it.

I'm officially a contractor, which is why I guess I don't qualify for paid holidays/sick etc.

To live on 20k AED pm for a 1 Bed, what's the best neighbourhood to look for whilst remaining close to the metro line in case I decide to try to go carless ?

Also, is there any waggle room - is there any value in trying to up the package ? Is there an expectation in Dubai that this is what you do, or will I just start out my engagement pissing off both the agency and my new boss ?

Sorry - not trying to derail the thread !

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  #1523 (permalink)  
Old 9th August 2014, 01:08 PM
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Originally Posted by atlanticist View Post
Dont want to say too much publically, but I was approached by a headhunter and technically, it's his agency that is employing me, I think. I have a 2000AED pm element which is the eos component, and the contract states I'm simply front-loading it. I'm officially a contractor, which is why I guess I don't qualify for paid holidays/sick etc. To live on 20k AED pm for a 1 Bed, what's the best neighbourhood to look for whilst remaining close to the metro line in case I decide to try to go carless ? Also, is there any waggle room - is there any value in trying to up the package ? Is there an expectation in Dubai that this is what you do, or will I just start out my engagement pissing off both the agency and my new boss ? Sorry - not trying to derail the thread !
Hello and welcome to the forum. Before I throw in my 10p, please can I ask you to watch your language (perhaps take a few minutes to read the forum rules on the stickies). I agree with Vantage on the medical cover. I would really push for it. For example, a friend of mine had their gall bladder removed recently and it was AED 50K! Also, and I don't claim to know much about cars (and I know you're now saying you may not get a car) but I'd be very surprised if you could do everything on AED 20K including an Audi.

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  #1524 (permalink)  
Old 9th August 2014, 11:48 PM
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Hello all,

I am currently considering pursuing a position in Dubai / Abu Dhabi.
I was hoping to get some experienced input to let me know if my following thoughts are reasonable or ridiculous.

I currently work in Ireland and earn €50k yearly as a Contracts Manager. I am single (just out of a long term relatonship, thus considering the move!) and 31 years old.

From research and salary reviews I feel that I would only consider a position in UAE that offer 30K AED minimum pm.

Assuming I get a job that pays 30K pm covers medical, flights home yearly and bonus would the following be reasonable:
Save: 20K
Rent: 5K
Food, socialising (minimal), monthly expenses etc. 5K

I would be happy to share for 5K a month. Is 5K for monthly expenses feasible or nowhere near enough for UAE. I know it all comes down to lifestyle, but I would be prepared to live frugally enough and try to limit eating out / nights out.

Finally, anyone with any supply chain experience know if I there are many opportunities out there for a Contracts Manager / Buyer with 7 years experience and if so are my salary expectations reasonable.

Any input will be greatly appreciated!

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  #1525 (permalink)  
Old 10th August 2014, 06:20 AM
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Originally Posted by VS400 View Post
Husband has been offered a salary of 30,000 AED a month all in. He is an electrical design engineer with 8 years experience. We will be a one income household for at least two years before i go back to work teaching primary. We are married but no children but planning to start a family this year. I don't think this is enough to live on as Im not sure how much salaries increase here and at some point we will have to take in to consideration school/nursery fees. Is this the going rate for building services engineers or should we push for more? Company doesn't pay allowances just an all in package.
With no kids the package can be very comfortable to live in. Check page 151 on this thread where I have given an estimate of basic expenses from AED 7000 to AED 14000 a month.

You can save AED 10k a month also and still manage a comfortable life

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  #1526 (permalink)  
Old 11th August 2014, 02:18 PM
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I’d like to get some advice on whether to move to Dubai or not, and see if I’m being too optimistic

I currently work in London at £45k, ACCA accountant, 5yrs+ exp, 30yrs old, married with a 1 year old kid, from Hong Kong (Asian face but holds British passport). I am very keen to move on to a more senior role, this could have happened if Dubai thing didn’t come up, I’ll be hoping to be on £50k or above.

Recently, I got offered to relocate to Dubai (same firm, same role), paying AED25k/month (incl. allowance & health) plus bonus. What’s your verdict on this offer?

I personally felt this is a OK number and it’s a good opportunity to go and experience Dubai. My wife will look for work whilst in Dubai ( similar background as me, from HK as well). I’d be looking to spend 130k on rent.

Providing you agree with me this is OK, then my real concern at this stage is the future job prospect for a senior accountant, how likely would I be able to find something offer at least 20% pay rise i.e. 30k a month or above? I know skin colour does matter hence I’m a bit worried I’ll be stuck in the company simply I won’t be able to find a better deal elsewhere.

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  #1527 (permalink)  
Old 12th August 2014, 05:03 AM
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Originally Posted by chillisoup View Post
Iíd like to get some advice on whether to move to Dubai or not, and see if Iím being too optimistic

I currently work in London at £45k, ACCA accountant, 5yrs+ exp, 30yrs old, married with a 1 year old kid, from Hong Kong (Asian face but holds British passport). I am very keen to move on to a more senior role, this could have happened if Dubai thing didnít come up, Iíll be hoping to be on £50k or above.

Recently, I got offered to relocate to Dubai (same firm, same role), paying AED25k/month (incl. allowance & health) plus bonus. Whatís your verdict on this offer?

I personally felt this is a OK number and itís a good opportunity to go and experience Dubai. My wife will look for work whilst in Dubai ( similar background as me, from HK as well). Iíd be looking to spend 130k on rent.

Providing you agree with me this is OK, then my real concern at this stage is the future job prospect for a senior accountant, how likely would I be able to find something offer at least 20% pay rise i.e. 30k a month or above? I know skin colour does matter hence Iím a bit worried Iíll be stuck in the company simply I wonít be able to find a better deal elsewhere.
While I cannot comment on Senior Accountant career prospects, please do not simply assume that because of your skin color you will not get the career progression you deserve.

There are enough and more companies in Dubai with fair and transparent HR policies who will not discriminate against you

Having lived in HK before this.. Yes this place is as expensive as HK. So you can either look at a good career move or a reasonable hike in your salary to make the decision to move here.

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  #1528 (permalink)  
Old 14th August 2014, 06:20 AM
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Hi,

I am looking at moving to Dubai from the UK to work in Real Estate. I am currently in Dubai and have been to 4 interviews and already been pretty much offered all 4 jobs.

As with real estate in Dubai all these roles are commission only, I just wanted some advice from real estate brokers as to which ones are the best companies to work for - basically which will be best to earn the most.

Companies

Better Homes - I was swaying towards Better Homes as they are the most established in Dubai however I have spoken to a broker last night who advised the leads they give you can limit your earnings as they have to be shared equally between their hundreds of brokers.

Powerhouse Properties - British owned, heard positive things about this company, commission only, must use your own vehicle etc but heard there is potential to make a lot of money with these?

Al Habtoor - Part of the Al Habtoor family owned by Rashid, newly established but the manager seems to have a lot of experience within the industry.

Forest Real Estate - This company offers commission only but also offer branded BMW vehicles with rental paid for providing you hit target but if not they are subsidised.

I was swaying towards Better Homes for the security of an established company but at the end of the day I'm here to earn as much money as possible and if this is going to be limited via the amount of leads you get I may be better looking at a company such as Powerhouse?

Anyone who works in the industry who can advise me on this would really help.

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  #1529 (permalink)  
Old 14th August 2014, 06:57 AM
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Hi CJ,

I do not work in the real estate industry but I would like to share a couple of ideas that may be useful to you.

Regarding choosing which company to work for really comes down to one thing: which company gave you the best impression and you think you would enjoy working the most? It is important to enjoy the work you do rather than try to earn the most you can. I'm telling you out of experience and I am sure many people would support this. Keep in mind though that the industry you're entering is a cut-throat business, so it may not be very nice anywhere...

If I were you I would go for Better Homes. You will still earn a fair amount and it is great to have a well established company on your CV. Try it for a year or two, in the meantime you will meet new people and new opportunities will arise.

How old are you if I may ask? Do you have prior experience in the industry?

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Old 14th August 2014, 06:39 PM
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Hi Forglet,

Many thanks for your response.

I totally agree about the impression the business gives and also where I would like to work the most - on face value they all appear very good places to work and they all have their own individual strongpoints so I'm struggling from distinguishing between them hence I feel like I also need to seek a bit of market knowledge/experience.

I'm 23, I currently work in sales in the telecommunications industry so again Better Homes is looking good as I need to build up experience within the UAE real estate market and a company that has such an established reputation and experience should be good to gain an understanding but I'm still keen to get peoples impressions within the industry as to who they would prefer to work for.

Regards,

CJ100

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