Guide

For a Relaxing Getaway in the UAE, Le Méridien Al Aqah Beach Resort Has You Covered

Book Early, Save More at Le Méridien Al Aqah Beach Resort

UAE Resident Checked in at a Dubai Hotel With His Pet Camel

Top Places in the UAE to See and Interact With Animals

UAE Ranks as 7th Country in the World With the Worst Air Qualities

How to Apply for a Permit to Distribute Ramadan Iftar Meals in Dubai

8 Warning Signs Your Online Date is a Scammer

Ramadan in the UAE: Charity Acts You Can and Cannot Do

Electronic Scooters Are Now Banned From Dubai Metro and Trams

Classifieds

Jobs

Working Hours During Ramadan in Dubai and UAE

Can I Get Fired in the UAE For My Mental Health Condition?

Reduced Ramadan Work Hours Confirmed for UAE Private Sector Workers

Dubai Dedicates AED 150 Million Government Support Fund For Influencers

How to Deal With Workplace Harassment in the UAE

The UAE's New End-of-Service Programme, Explained for Residents

UAE Public Employees Can Get Flexible Work Hours on Back-to-School Day

5 Tips to Excel at Your Phone Interview in the UAE

UAE Employees Can Carry Over Annual Leave Days or Get Cash

Events

List of UAE Public Holidays in 2024: Confirmed and Expected Dates

DAZ Festival Takes Over Al Ain Zoo for 10 Days of Family Fun

9-Day Eid Public Holiday Announced for UAE Public Sector

UAE Ramadan Guide: When is Ramadan 2024 and What to Expect

Rewind Fest DXB is Bringing Your Favourite Classic Hits to Dubai

Unveiling World-Class Polo in Dubai: Silver and Gold Cup 2024

Make Valentine's Day in Dubai Extra Special With These Romantic Ideas

Chinese New Year 2024 in Dubai: Events, Activities, Things to Do

Where to Watch 2024's First Meteor Shower From Dubai

Education

What Are the Benefits of Academic Scholarships in Dubai?

Build Your Child's Education Your Way, With King's InterHigh

How to Get Your University and College Degrees Attested in the UAE

UAE Students Cheating Can Risk a Fine of Up to AED 200,000

The Learning Garden at South View School: Cultivating Curiosity and Joy in Early Education

Why is the Early Years Stage Important for Children's Development?

How to Choose the Best Early Education in Dubai

5 Ways Brighton College Dubai Stands Out From the Crowd

How to Apply for a Private Tutor Work Permit in the UAE

Money

Minimum AED 5,000 Fine for Smoking Near Children in the UAE

Are Family Members Required to Pay Their Relative's UAE Debt?

7 Money-Saving Tips to Make Your December Pay Cheque Go Further

How to Anonymously Report Illegal Activities in Dubai Through Al Ameen

Being a Dubai Housewife: The Rights of Stay-At-Home Wives in the UAE

A Guide to Expat Divorce, Judicial Separation, and Annulment of Marriage in the UAE

UAE Law Guide: Claiming Marital Rights of the Wife During Divorce

How to Apply for Involuntary Loss of Employment Scheme: For Freezone Employees

Money Management in Ramadan: Tips for Successful Spending

Home

Ask a UAE Flower Shop: Your Most Common Questions, Answered

Are UAE Domestic Helpers Allowed to Work on a Trial Period and Hired After?

Pet Breeding in the UAE: Is it Allowed and Where to Find Legal Pet Breeders

Choithrams Announces Launch of All-Women Operated Store in the UAE

Where to Order Same-Day Valentine's Day Flowers in the UAE

Ask a Professional UAE Dog Trainer: FAQs For New Pet Owners

Part Time Domestic Workers in the UAE: Are You Allowed to Hire Them?

Make Back-to-School Shopping a Breeze With Babyshop's Ultimate Collection

Where to Legally Hire Domestic Helpers in the UAE

Car

A Guide to Driving in Foggy Weather in the UAE

Higher Fuel Prices Announced in the UAE for March 2024

The OneClickDrive app makes mobility easy for users in Dubai by allowing them to browse and compare from several car rental suppliers.

5 Tips to Help You Choose the Best Car Rental Service in Dubai

What Are the UAE's Fuel Prices for August 2023? New Costs Announced

UAE Updates Petrol and Diesel Prices for July 2023

These Are the UAE's Latest Fuel Prices for June 2023

Fuel Prices in the UAE: These Are the New Costs for March 2023

UAE Announce Petrol and Diesel Price Hike for February 2023

UAE Petrol and Diesel Prices Announced for January 2023

Wellness

These Bodysculpting Treatments in Dubai Will Burn Fat and Build Muscle in No Time

Interventional Pain Management at Mediclinic City Hospital: Addressing Women's Unique Needs

Skin Cancer Treatment in Dubai: Risk Factors and Types of Treatments

What's New in Aesthetic Medicine? Polynucleotides, Exosomes and Stem Cells

How to Find the Right Plastic Surgeon in the UAE

Frequently Asked Questions About Breast Cancers

Common Misconceptions about Acne Vulgaris Clarified

Get Expert Healthcare and Wellness Delivered to Your Doorstep in Dubai Within 30 Minutes

HIFU Treatments in Dubai: Your Common Questions Answered

Shop

Shopping In Dubai

Best Online Shopping Sites in Dubai and UAE

An A-Z Guide to Dubai's Popular Malls

What To Wear At The Beach In Dubai

14 Hilarious Realities of Visiting Dubai Mall

Every Day is a Discount Day on THIS Deals Site

Cityland Mall Preview: Dubai's New Nature-Inspired Shopping Mall

EWmums

EWfood

ewmoda

In Need of Financial Advice

Log in to post new content in the forum.

5

Posts

EW NEWBIE

Latest post on 04 May 2016 - 00:57

Hi Guys, Thank you all for helping me out. I was able to avoid the "Private Lender Option" during the last time and I just had to rough it out for bit. :-) I moved to a closer place near my workplace and I only spend AED 300 for transportation for a month. The place I moved to is good and decent and 2 blocks away from the office (walking distance during winter but not on summer :-)). So technically, I get to take home 3/5 of my salary by the end of the month after all expenses. Thanks for all the views.

518

Posts

EW GURU

Latest post on 08 January 2016 - 14:11

A flatmate might be a feasible option for you. Someone from your work, whom you know well and also in same boat. It's not ideal situation but better than to be in debt which you might not be able to pay off with your current salary

245

Posts

EW NEWBIE

Latest post on 08 January 2016 - 13:40

Hi Dgec, Sorry I didn't realise what your salary was before suggesting the bank - in your circumstances, I would suggest that you seek the help of your family / friends to help get you on your feet with a loan. Then you could look for a job with higher pay where you can save properly. Even if you were to get a loan from a loan shark, it would be risky and also, I think it would be challenging to get a decent sized loan with your present disposable income. Good luck and wish you all the best in Dubai!

5

Posts

EW NEWBIE

Latest post on 08 January 2016 - 13:21

Hi guys, Thanks for the advice. My cousin's place is 30 minutes from work and no public transport passes her area. The only means is to call for a cab or get a carlift. The cost of the monthly transportation would reach to 1200AED. As for the bank loan, I think they require a minimum salary of 5000AED and above.

245

Posts

EW NEWBIE

Latest post on 06 January 2016 - 19:32

Hi Dgec, welcome to Dubai. If you are looking for finance for the purposes of renting a place yourself, I think a rent / bank loan should be achievable and perfectly normal in the UAE given the structure of the rental system. Provided that you can comfortably afford the repayments, I see no issues on going down this road. You mention that banks have 'very strict requirements' but, from what I've seen / heard, they are actually a lot more lenient that I would expect (e.g. I have a friends who have multiple loans / credit cards and they've told me that banks don't even check / verify what other debts they have elsewhere). As I mentioned, rent loans are the norm here so I would approach one of the banks who should be able to help. In terms of approaching other loan shark-type lenders, I would avoid! Happy Borrowing!

sheikhandbake108829

409

Posts

EW EXPLORER

Latest post on 06 January 2016 - 17:18

A private lender is never advisable. If you must change your residence, I'd approach a bank as they are pretty reasonable if you have a full-time job. But if you want my financial advice, I'd say stay where you are and save your money. Recession or not, going into debt or spending everything you are earning is never a good idea.

5

Posts

EW NEWBIE

Latest post on 06 January 2016 - 16:23

Hi Expatwoman, I am new here in Dubai, 5 months young and working in a very stable company despite of the gossip of a "Silent Recession". I'm currently in a financial dilemma as I decided to get my own space to live closer to work. I was informed by my cousin that the salary I'm earning is good for someone new here in UAE but right now I am in a financial dilemma. I am thinking of getting a loan from the bank but they have very strict requirements. Do you think a Private Lender is advisable?

Log in to post new content in the forum.

ON EXPATWOMAN TODAY

Al Maha, a Luxury Collection Resort and Spa, Dubai packages and offers

Embark on Incredible Stay and Dining Experiences at the Heart of the Desert

Le Méridien Al Aqah Beach Resort packages and offers

Book Early, Save More at Le Méridien Al Aqah Beach Resort

Dr. Kamil Al Rustom Skin and Laser Centre Tesla Sculpt and Emsculpt

These Bodysculpting Treatments in Dubai Will Burn Fat and Build Muscle in No Time

Le Meridien Al Aqah Beach Resort Fujairah UAE

For a Relaxing Getaway in the UAE, Le Méridien Al Aqah Beach Resort Has You Covered

Dubai resident checked in at a hotel with his camel

UAE Resident Checked in at a Dubai Hotel With His Pet Camel

Skin Cancer Treatment in Dubai

Skin Cancer Treatment in Dubai: Risk Factors and Types of Treatments

UAE air pollution

UAE Ranks as 7th Country in the World With the Worst Air Qualities

A student sitting on a couch using a laptop for home schooling and alternative learning

Build Your Child's Education Your Way, With King's InterHigh

How to get university degrees attested in the UAE

How to Get Your University and College Degrees Attested in the UAE

What are the signs that your online date is a fraud

8 Warning Signs Your Online Date is a Scammer

What is the penalty for cheating on a UAE university college exam?

UAE Students Cheating Can Risk a Fine of Up to AED 200,000

Are UAE Domestic Helpers Allowed to Work on a Trial Period and Hired After?

Are UAE Domestic Helpers Allowed to Work on a Trial Period and Hired After?

Special packages at Al Maha, a Luxury Collection Desert Resort & Spa, Dubai

Indulge, Dine & Unwind: 4 Unique Day Packages at This Luxury Dubai Resort

RTA bans e-scooters in Dubai Metro and Dubai Trams

Electronic Scooters Are Now Banned From Dubai Metro and Trams

Top places in UAE to see and interact with animals

Top Places in the UAE to See and Interact With Animals

Aesthetic Medicine at Mediclinic City Hospital Dubai

What's New in Aesthetic Medicine? Polynucleotides, Exosomes and Stem Cells

How to Find the Right Plastic Surgeon in the UAE

How to Find the Right Plastic Surgeon in the UAE

UAE Fine of AED 5,000 for smoking in the presence of children

Minimum AED 5,000 Fine for Smoking Near Children in the UAE

How to report an item missing in a Dubai Taxi

Lost & Found: How to Report a Missing Item Left in a Dubai Taxi

Top British Private Schools in Remraam Dubai | South View School Dubai

The Learning Garden at South View School: Cultivating Curiosity and Joy in Early Education

Dubai Metro Blue Line news

Dubai Metro Blue Line: What to Know About the Extension So Far

Dog-friendly public parks in Dubai | Dubai Islands Beach dog park

Dog-Friendly Places in Dubai: Inside Dubai Islands Beach Dog Park

Frequently Asked Questions About Breast Cancers in UAE

Frequently Asked Questions About Breast Cancers

IFZA Silver and Gold Cup 2024 at Al Habtoor Polo Club Dubai Tickets

Unveiling World-Class Polo in Dubai: Silver and Gold Cup 2024

Can you get fired in the UAE for having a mental health condition?

Can I Get Fired in the UAE For My Mental Health Condition?

Are Family Members Required to Pay Their Relative's UAE Debt?

Are Family Members Required to Pay Their Relative's UAE Debt?

How to pick the best early education nursery school in Dubai

How to Choose the Best Early Education in Dubai

British Expats Living in UAE For More than 15 Years Can Now Vote in UK General Elections

How British Expats in the UAE Can Vote for UK General Elections

Vertical shopping mall in Dubai | Dubai's second tallest building

Dubai's Second Tallest Tower Will Have a Vertical Shopping Mall

Dubai Neighbourhoods New Names 2024 news

These Dubai Neighbourhoods Officially Changed Names: Emirates Hills, Motor City, etc.

Dubai Nol Card Increases Minimum Top Up Fare to 20 Dirhams

Dubai Nol Card New Minimum Top Up Fare Increased to AED 20

Adult Acne Treatment in Dubai | Dubai Dermatologists

Common Misconceptions about Acne Vulgaris Clarified

UAE Family Staycation Offer at Le Meridien Al Aqah Beach Resort

Unlimited Family Fun Awaits at Le Meridien Al Aqah Beach Resort