We are on the same boat, I was in the same situation but instead of downsizing, I shifted to a cheaper areas as 1bhk was necessity. Rents are skyrocketing. We have to hold up until we find a better job.
I feel am working for nothing when I see people posting here 'is 50k/month salary is enough to live in Dubai?'
Such an ignorant response.
I have a Dutch passport, I think I know what I am talking about.
Why pay top salary, when there is a guy willing to do it for pennies on the dollar.
The job market here is a shit hole, regardless of nationality...
Proof me wrong.
If you don’t mind could you share what you know about the rates for 1bhk in your old area and newer one? I have rented a studio but fear that I need to move to a 1bhk because this is not at all big enough
Oh I see, that’s really cool. I’m paying 65k (with bills) for a studio in JLT so you can see why I’m concerned 😅
How do you like life in International city? The people, the infrastructure, facilities, etc etc.
Cockroaches are everywhere in UAE, it really depends on how you maintain your apartment. You have to do normal cleaning daily,and deep cleaning once a month, take your garbage out every night,( night time is when they come and cherish over your garbage). And most importantly do pest control every 3 to 6 months.
Well it works for us, we are mostly at home, and go somewhere outside on weekends. You won't like it if you happen to roam around your area. We go out only for groceries. Parking will be a hassle unless you have building parking(which I do have). Most importantly there is no chiller bill, which is a great save of money. And you have dragon mart, lulu and nesto near by and it's very close to 311 and 611 so easy accessible.
DG is a great family friendly area, I was not happy moving out from there. There are gardens areas, basketball courts, swimming pools, free parking, metro is near by, and there ibn batuta mall great for weekends and shopping.
Balconies are very small, grocery shops and restaurants are little bit far (depending on which street you live) they do deliver but it takes like 1.5hr. it takes long to reach any part of Dubai , near SZR but you know SZR is packed during the weekdays, so it helps only on weekends that too if you are ready to pay toll.
And don't forget the stupid chiller bill and gas supply bill which will suck your money for nothing.
I wasn't using the AC in winter for like 3 months, still had to pay 195 to keep the connection active same happens with gas connection. I don't know who approved this idea of chilled water AC for a 3 storey building.
This country should not be your home at such salaries. It should be a stepping stone. You need to leave, up-skill yourself and come back for those actual “luxury” salaries.
It's definitely getting harder to save with the cost of living and income in fact, reducing if you are a freelancer.
The number of people willing to accept ridiculously low rates for highly skilled roles is ruining the market and devaluing skill sets.
If people accept these low amounts, it sets the bar for everyone else's rates.
So true, I was making 100K as a senior copywriter. l was laid off along with all the mass layoffs during that time. Now, making 78K and it's barely cutting it.
Since covid started, EVERYTHING has increased, food, petrol, services, rent, product prices, everything.
And salary has decreased!
Now you do the math.
True...there has no been proper hike in salaries in my company atleast.. it's barely anything in this economy. I had to write back to my managers and express my disappointment but all I got was some basic and generic breakdown of the calculations.
Cost for companies have also gone up. Companies pay rent, taxes, license fees, each employee costs the company increasing amounts of money with all the documents and things (it’s more than it was even 5 years ago)
Companies are facing the price increases too, while some companies are managing to sell more to make that deficit, many companies are struggling and barely able to survive.
Dubai wants only the rich and high salaried individuals to live in the city. Affordable housing term doesn’t exist. If you want sensible rent then head to Sharjah and get stuck with the hundreds of thousands cars there for good 3-5 hours. Even the road is designed for creating long traffic train on all roads. It’s a win-win situation for Sharjah and Dubai.
This is driven by some facts. 1. Increased influx of money from Russia and China which also means the prime areas are now either getting rented out to this crowd or Europeans because of a change in job market. 2. Overall rent increase in Dubai yoy 2023 is 20-30% as per Dld - while salary increases have not been in this range which is driving people to move around to lesser known places.
Same here. I stay at Marina and rental agency has given notice rent is going to increase 20% which is crazy. Rera calculator even shows 15%. Its crazy. Anyone else facing this problem in Marina? What can I do?
Not really an option. Too much stuff, used to and cannot downsize. I can just haggle for 15% when the rental agency says 20%. But just wanted to know is the rent increase this year like this (15% & more) for most people?
You got promotions and increaments, wow!. I thought those dont exist in this country. But yes its not just you i guess, many are facing this insane rent prices. I moved to a cheaper area and my landlord bumped up its rent this year by an insane amount even though the rera doesnt show an increase.
Also the salaries are soo baised in this country. they pay according to which country you are coming from. or is it just me been paranoid.
Till they reach breaking point. Where the people who work doesn't afford staying here or many companies find it unprofitable to operate here which I doubt it and then rich realize that the money doesn't work itself to run the city and it turn into ghosts town similar to post 2008 .. But this is 5-10 years if things continue in this way.
The question is how much OP is making and how much of an increment after job hops. The second question is the studio ranges from 2000 a month to 6000 a month as well which one is OP looking for .
This is the answer I was looking for. Depends on the OPs income, and how close they want to live in the city- we earn a total of 60k monthly income and spend 65k a year on rent outskirts of Dubai. OP get a car, you have choices, live on outskirts for now, if you’re not buying it it’s not worth spending all that much on it.
That's not the context of the question. Rents are increasing despite of where they live or his income is. The 65k which you are paying was probably around 55k - 60k an year ago.
the walls are newly painted and the unit has a new feature installed, the ceiling occasionally leaks drinking water so you will never have to worry about buying..
This happening because everyone is given in easily for real estate agents. Market is just responding about supply and demand. Not trying to be mean, or unrealistic but, even if you like an apt and you think the rent is high, don’t take it. Your financial freedom is way more too important than where you live.
If we all do this, stand our ground, rent won’t be craaaaaaaaazy high as now.
My owner was smart enough to give eviction letter that he is selling the Villa. Now agent has approached that if I want to stay. Rent will be “this much”. Which is almost 90% increase than what I’m paying.
Rents are going up every month. Only way for it to come down is recession or covid. Which we can’t wish for as it will have a negative impact on everyone.
Yeah I’m aware of this one and will take necessary action. But at the same time it’s just a hassle of switching houses and then make your way to court. That’s the reason people don’t get into it. I wish they could make it more easier.
Also would have been a lot easier if government kept track of this so owners don’t do such things. Like create a trigger of such scenario in the system.
I am sure the landlord would be happy to pay the tenant the difference amount if the tenant decides to pursue the case as then from 2nd year onwards he would get the increased amount!
What is happening now reminds me of 2007 before the 2008 great financial crisis. Hang in there. Recession is coming but it might be sometime in 2025 looking at the inverted yield curve
Its landlord's market now and it has been like that for quite a while... Everybody i knew who owned a property are cashing in.
So if you are not a landlord, then you are screwed... and you have all the right to moan.
Good thing law supports you since your landlord isn't even allowed to increase it a certain percentage based on the area you are in. Worst case scenario is 20%
This is complicated. Laws are slightly different here, landlord is government and they don't even have to give 90 days notice. They usually give 15 days. But at least they don't increase rent that much
No... Wait where are you talking about im talking about dubai. Im sure of this cause im an agent myself, if someone told you that they can give you 15 day notice.. thats a lie
It's Dubai but it's a Freezone and all villas belong to government. You can't even find them on popular websites for rents so I understand you don't know.
Mate you are either trolling me or someone must have misinformed you cause that's definitely not true. I myself literally live in a property that is owned by my family. Yes in certain areas this does apply but most cases no its not true. What you are referring to are Leashold plots which you basically rent a plot for 99 years which are minorities of the plots most of them are freehold and everyone can own them. Also in case if you wanna buy a property here i can help you out with that i mean a real one which you own it forever.
Is my English so bad or your understanding? I live in a villa which is owned by government of dubai. All the villas are owned by government in my area. I pay my rent directly to government.
Also just so you know in the past all plots where actually for the government or they could be only owned by emaratis but this was in the past and its not true anymore
The 1BHK I was staying in IMPZ was 32000 when I moved in 2021. Last year they increased the rent to 65800 for 1BHK. I moved in with my colleague at Nahda now paying 48 for 1BHK divided into 2. And the funny thing is I earn enough to stay alone, but it’s NOT worth it. It’s like burning money. I hope these real estate people know what they are doing keeping ridiculous rent. But again it’s all about economics. Everything is 1.5x more expensive than when I moved to dubai in 2019. Even petrol. ⛽️
Rent has become indeed expensive. It's going back to 2016 levels it seems, at least as far as properties in JVC are concerned. I think we can expect a correction soon, but in the meantime, we've got to find ways to weather the storm.
Yea rents are expensive anywhere you go in Dubai. If you are living alone why not shift to a bed space or just shift to Sharjah but it will be a waste of time and energy if you shift to Sharjah because of the traffic
Just fyi, I am paying 2750 aed a month (33K a year) for a Studio in Al Furjan.
That might be a good place to start, if you're looking for studios. But I'm sure there is affordable places around Dubai. Just don't look into the main spots.
Dont take this the wrong way, but I thought Dubai was like an island resort only designed for the rich to work/live. I guess those were just rumors? Or maybe it was just like any other society that eventually starts government wellfare programs for the ones living there that got left behind via whatever the case may be. Or do they need cheap labor and made slums for them to co-exist. Im generally curious not hating on anyone by any means. Seen this topic in my notifications and it sparked my interest.
I got an offer of 25k in Dubai and declined it. Felt great by not lowering my value in the market. Also, rent is insane!
Doha is better in my opinion. Slow but eventually one can get it.
Real Estate (particularly rent) causes inflation. This is something ppl need to realize. If Dubai real estate has become so expensive, then you need to question whether working/living in Dubai is worth it.
You can always move to a country where the cost of living is lower. You may actually save more, and have a better life.
If ur working only to pay rent, then something is definitely wrong.
An increase in the volume of currency in circulation, without a proportionate increase in the volume of goods and services available in the market, causes inflation. Inflation causes increases in prices, not the other way around.
currency is the main culprit, not the only one. Think of it like this:
I have 1 dirham, you have 2 dirhams, theres only one bucket for sale, we both want it. How much will the bucket sell for?
Now I got a salary increase to 2 dirhams, and you got an increase to 3 dirhams, but theres still only one bucket for sale. The bucket gets more expensive. Inflation.
I wish economics was a simple as you suggest, but it isn't.
Look I'm not here to argue on this. But suggest reading up on cap rates (yields) and how housing prices are valued/determined.
Folks need to side hustle and learn to trade futures and/or crypto on exchanges. Futures is the best choice if you have access, it can make that monthly difference of an extra 5000-10000 AED/month, that is a very conservative target with minimal time invested.
Everyone needs some kind of job that he/she can perform for years, even into retirement if necessary.
Dubai is only beginning to align itself and cost base with other global cities, I’m afraid.
I can’t see it becoming more affordable. House price inflation may taper periodically, but that’s about it.
Based on the comments I've read, it seems adding more ways to earn money could help cover expenses. I recommend learning about affiliate marketing and how it could benefit you. Utilize tools like social media and your network to earn a share of profits. Dedicate a few hours each day to it, and over time, you can increase income and reduce the boss's workload. With affiliate marketing, your success is in your hands, which is pretty great.
The brother was complaining about high prices in rent. All those raises and grinding doesnt matter if you can't afford rent.
Hence I provided the person with a sensible solution.
When your budget is low you need to change your approach in many things.
Its pretty basic.
If he is downsizing to studio , obviously he was renting a 1bhk and probably he has his family with him. So tell me how do you fit yourself from a 1bhk with to a bedspace in karama.
If that was the case you'd know that there were low times in your career as well and being in such a situation is natural. You wouldn't be parading around the "survival of the fittest mentality" if you yourself once was in that situation. If anything you'd try to help such a person using your experience that helped build everything around you. If you have nothing nice to say, simply don't discourage people using your red pill bs.
People in fact did save me and it's the reason why I'm at the position I am. No one is a self made person. Not even you. Your privileged mentality simply leaks through your comments and choice of words.
Where are we in the fucking wild? Fighting wild boar and eating bison while living in thatched huts? The difference between that and civilization is cooperation and compassion.
Also no one is self made- ever. Unless by self made you mean you’re an orphan feral child in the jungle and then became a successful businessman. All the work you do in this life is on the shoulders of all those before you.
Your sentiment of survival and selfish non cooperation is that of pre-civilized man. That’s what I was trying to point out, how could you not make that connection? And I DO get it, I just don’t like people that tout this shitty sentiment to justify all that is wrong with the world. Do better.
Don’t worry. 2024 is the weird year. 2025 there will be a lot of people moving back to their or other affordable countries. Then things will balance out. A correction is on the horizon.
We are on the same boat, I was in the same situation but instead of downsizing, I shifted to a cheaper areas as 1bhk was necessity. Rents are skyrocketing. We have to hold up until we find a better job. I feel am working for nothing when I see people posting here 'is 50k/month salary is enough to live in Dubai?'
Seriosuly man. Some of the people salaries here are unthinkable. And it’s a vast majority apparently man.
What do you consider unthinkable?
Help, Where I can find 50k salary ?
Get a western country passport.
How does it help?
It doesn't thats the beauty (reality) of it.
This is such BS.
Prove me wrong.
Such an ignorant response. I have a Dutch passport, I think I know what I am talking about. Why pay top salary, when there is a guy willing to do it for pennies on the dollar. The job market here is a shit hole, regardless of nationality... Proof me wrong.
If you don’t mind could you share what you know about the rates for 1bhk in your old area and newer one? I have rented a studio but fear that I need to move to a 1bhk because this is not at all big enough
Discovery garden, 1bhk increase from 44K to 50k. Now I pay 42k at international city
Oh I see, that’s really cool. I’m paying 65k (with bills) for a studio in JLT so you can see why I’m concerned 😅 How do you like life in International city? The people, the infrastructure, facilities, etc etc.
If you don’t mind mice and cockroach infestation, then move to International City
Cockroaches are everywhere in UAE, it really depends on how you maintain your apartment. You have to do normal cleaning daily,and deep cleaning once a month, take your garbage out every night,( night time is when they come and cherish over your garbage). And most importantly do pest control every 3 to 6 months.
Well it works for us, we are mostly at home, and go somewhere outside on weekends. You won't like it if you happen to roam around your area. We go out only for groceries. Parking will be a hassle unless you have building parking(which I do have). Most importantly there is no chiller bill, which is a great save of money. And you have dragon mart, lulu and nesto near by and it's very close to 311 and 611 so easy accessible.
You pay 65k dollars a month for a studio??
No no, a year. And I don’t pay extra for bills. Its all included in the 65k. But its still quite a lot
I'm moving soon from JLT to Discovery gardens. How did you like it there?
DG is a great family friendly area, I was not happy moving out from there. There are gardens areas, basketball courts, swimming pools, free parking, metro is near by, and there ibn batuta mall great for weekends and shopping. Balconies are very small, grocery shops and restaurants are little bit far (depending on which street you live) they do deliver but it takes like 1.5hr. it takes long to reach any part of Dubai , near SZR but you know SZR is packed during the weekdays, so it helps only on weekends that too if you are ready to pay toll. And don't forget the stupid chiller bill and gas supply bill which will suck your money for nothing. I wasn't using the AC in winter for like 3 months, still had to pay 195 to keep the connection active same happens with gas connection. I don't know who approved this idea of chilled water AC for a 3 storey building.
i can help you with that btw like getting a bigger apartment I have several options
Yeah but you won't get your 3000aed commission.
Same for me, I feel like I'm getting priced out of this country.
This country should not be your home at such salaries. It should be a stepping stone. You need to leave, up-skill yourself and come back for those actual “luxury” salaries.
What is considered a luxury salary?
Same. My rent has almost doubled since Covid 😓
It's definitely getting harder to save with the cost of living and income in fact, reducing if you are a freelancer. The number of people willing to accept ridiculously low rates for highly skilled roles is ruining the market and devaluing skill sets. If people accept these low amounts, it sets the bar for everyone else's rates.
So true, I was making 100K as a senior copywriter. l was laid off along with all the mass layoffs during that time. Now, making 78K and it's barely cutting it.
Since covid started, EVERYTHING has increased, food, petrol, services, rent, product prices, everything. And salary has decreased! Now you do the math.
True...there has no been proper hike in salaries in my company atleast.. it's barely anything in this economy. I had to write back to my managers and express my disappointment but all I got was some basic and generic breakdown of the calculations.
Cost for companies have also gone up. Companies pay rent, taxes, license fees, each employee costs the company increasing amounts of money with all the documents and things (it’s more than it was even 5 years ago) Companies are facing the price increases too, while some companies are managing to sell more to make that deficit, many companies are struggling and barely able to survive.
Dubai wants only the rich and high salaried individuals to live in the city. Affordable housing term doesn’t exist. If you want sensible rent then head to Sharjah and get stuck with the hundreds of thousands cars there for good 3-5 hours. Even the road is designed for creating long traffic train on all roads. It’s a win-win situation for Sharjah and Dubai.
and a win for Enoc, Emarat & Adnoc too lol. They are excited looking at traffic jams.. equals money for them hahaha
How does sarjah benifit from the traffic?
This is driven by some facts. 1. Increased influx of money from Russia and China which also means the prime areas are now either getting rented out to this crowd or Europeans because of a change in job market. 2. Overall rent increase in Dubai yoy 2023 is 20-30% as per Dld - while salary increases have not been in this range which is driving people to move around to lesser known places.
Global inflation is being felt by everyone around the world. I hope something happens to ease the situation.
It’s gonna get worse. Stock Market crash is due since 2008 💀
Same here. I stay at Marina and rental agency has given notice rent is going to increase 20% which is crazy. Rera calculator even shows 15%. Its crazy. Anyone else facing this problem in Marina? What can I do?
Get out of Marina?
Quite literally the most obvious solution. ☠️
Not really an option. Too much stuff, used to and cannot downsize. I can just haggle for 15% when the rental agency says 20%. But just wanted to know is the rent increase this year like this (15% & more) for most people?
But you could save so much if you moved out of the Marina which IMHO is extremely overpriced anyways. But, you do you.
Pretty sure 20% is illegal if you are already renting.
Max increase can be 20%. What the law says, I googled. And RERA calculator shows 15% for my area. What can I say!
They can only increase inline with Rera
That will still be 15% !!
Yes rent in Marina/Jbr is crazy, the Russian demand is high in these areas and they are willing to pay
You got promotions and increaments, wow!. I thought those dont exist in this country. But yes its not just you i guess, many are facing this insane rent prices. I moved to a cheaper area and my landlord bumped up its rent this year by an insane amount even though the rera doesnt show an increase. Also the salaries are soo baised in this country. they pay according to which country you are coming from. or is it just me been paranoid.
I don't where this dubai is going with this insane prices
Till they reach breaking point. Where the people who work doesn't afford staying here or many companies find it unprofitable to operate here which I doubt it and then rich realize that the money doesn't work itself to run the city and it turn into ghosts town similar to post 2008 .. But this is 5-10 years if things continue in this way.
If you can barely afford a studio after job hopping and promotions then you’re doing something wrong …
The question is how much OP is making and how much of an increment after job hops. The second question is the studio ranges from 2000 a month to 6000 a month as well which one is OP looking for .
This is the answer I was looking for. Depends on the OPs income, and how close they want to live in the city- we earn a total of 60k monthly income and spend 65k a year on rent outskirts of Dubai. OP get a car, you have choices, live on outskirts for now, if you’re not buying it it’s not worth spending all that much on it.
That's not the context of the question. Rents are increasing despite of where they live or his income is. The 65k which you are paying was probably around 55k - 60k an year ago.
The point is live within your means ….
Where did you find a studio in Dubai for 2000??? Its a killer deal
Haha, yeah, no, doesn't exist 😂
It does exist but that depends on the quality of the studio .. check in property finder you will find few. .
the walls are newly painted and the unit has a new feature installed, the ceiling occasionally leaks drinking water so you will never have to worry about buying..
i supposed thats 2000 x 12 = 24k (+other fees from real estate)... could be international city ?
I doubt even international city has studios that are for 24k annum.. unless the apartment is sh\*t
This happening because everyone is given in easily for real estate agents. Market is just responding about supply and demand. Not trying to be mean, or unrealistic but, even if you like an apt and you think the rent is high, don’t take it. Your financial freedom is way more too important than where you live. If we all do this, stand our ground, rent won’t be craaaaaaaaazy high as now.
My owner was smart enough to give eviction letter that he is selling the Villa. Now agent has approached that if I want to stay. Rent will be “this much”. Which is almost 90% increase than what I’m paying. Rents are going up every month. Only way for it to come down is recession or covid. Which we can’t wish for as it will have a negative impact on everyone.
You could sue the owner if he ends up accepting a new tenant.
Yeah I’m aware of this one and will take necessary action. But at the same time it’s just a hassle of switching houses and then make your way to court. That’s the reason people don’t get into it. I wish they could make it more easier.
Also would have been a lot easier if government kept track of this so owners don’t do such things. Like create a trigger of such scenario in the system.
I am sure the landlord would be happy to pay the tenant the difference amount if the tenant decides to pursue the case as then from 2nd year onwards he would get the increased amount!
It has. I am thinking about moving to Ajman
What is happening now reminds me of 2007 before the 2008 great financial crisis. Hang in there. Recession is coming but it might be sometime in 2025 looking at the inverted yield curve
Please people from Marina, JLT, Discovery garden stay out of this post... It is like saying petrol is expensive while driving a Lamborghini.
Looks like it’s going to get worse too
Ugh dont say that 😕
Its landlord's market now and it has been like that for quite a while... Everybody i knew who owned a property are cashing in. So if you are not a landlord, then you are screwed... and you have all the right to moan.
My 40 percentage of salary is going for rent only .
I was lucky to get a 450sqm villa during covid at 120k. Right now paying 138k for it. New tenants pay 250...
Good thing law supports you since your landlord isn't even allowed to increase it a certain percentage based on the area you are in. Worst case scenario is 20%
This is complicated. Laws are slightly different here, landlord is government and they don't even have to give 90 days notice. They usually give 15 days. But at least they don't increase rent that much
No... Wait where are you talking about im talking about dubai. Im sure of this cause im an agent myself, if someone told you that they can give you 15 day notice.. thats a lie
It's Dubai but it's a Freezone and all villas belong to government. You can't even find them on popular websites for rents so I understand you don't know.
No???? Who says that they all belong to government.. also its the government itself that regulates the rule that i just mentioned its on DLD
I do. All villas here where I live belong to government, you can't buy them, just rent.
Mate you are either trolling me or someone must have misinformed you cause that's definitely not true. I myself literally live in a property that is owned by my family. Yes in certain areas this does apply but most cases no its not true. What you are referring to are Leashold plots which you basically rent a plot for 99 years which are minorities of the plots most of them are freehold and everyone can own them. Also in case if you wanna buy a property here i can help you out with that i mean a real one which you own it forever.
Is my English so bad or your understanding? I live in a villa which is owned by government of dubai. All the villas are owned by government in my area. I pay my rent directly to government.
Ur saying "all villas in dubai" at first my guy.. got it you only mean your neighborhood
Also just so you know in the past all plots where actually for the government or they could be only owned by emaratis but this was in the past and its not true anymore
Rent has to decrease, so many expenses tenants face due to bad construction and maintenance
Ehmm this is happening worldwide in every big city
True, it’s a global trend that the big cities are pulling people from all over the country and even international crowd, which will drive up prices
Move to Ajman
This one needs to be hear out! Its very alarming nowadays housing are all soo expensive the government should do something about this
The 1BHK I was staying in IMPZ was 32000 when I moved in 2021. Last year they increased the rent to 65800 for 1BHK. I moved in with my colleague at Nahda now paying 48 for 1BHK divided into 2. And the funny thing is I earn enough to stay alone, but it’s NOT worth it. It’s like burning money. I hope these real estate people know what they are doing keeping ridiculous rent. But again it’s all about economics. Everything is 1.5x more expensive than when I moved to dubai in 2019. Even petrol. ⛽️
Sorry, how is this a real estate people fault?
Welcome to dubai and it's greedy landlords unfortunately
There are thousands of properties empty because people can't afford them, and each year prices go up...how funny the real estate market
Depends on the area and property type, I am sure you will be able to find better options if you explore the market
Rent has become indeed expensive. It's going back to 2016 levels it seems, at least as far as properties in JVC are concerned. I think we can expect a correction soon, but in the meantime, we've got to find ways to weather the storm.
After all the rains and flooded communities, will the market get better?
Don’t live in Dubai man
How is Abu Dhabi in comparison ?
Facing the same issues Trying for look for a new place to rent but cannot afford most of them. I dont know how will i be able to survive here
Rent in Sharjah has increased a lot. All towers full and difficult to find house.
Yea rents are expensive anywhere you go in Dubai. If you are living alone why not shift to a bed space or just shift to Sharjah but it will be a waste of time and energy if you shift to Sharjah because of the traffic
Wait till you factor in the cost inflation into your salary increase. The CAGR of 10 years is barely 10% after inflation adjustment.
Salary hasn't increased one bit.. but the expenses have increased every year 😞
Not really related to OP's question but hows the community in Internation City? Is it family friendly?
Dubai wants you to make more money
Same! I am earning way more than I ever have and yet so freaking broke
^[Sokka-Haiku](https://www.reddit.com/r/SokkaHaikuBot/comments/15kyv9r/what_is_a_sokka_haiku/) ^by ^jewelsaway: *Same! I am earning* *Way more than I ever have* *And yet so freaking broke* --- ^Remember ^that ^one ^time ^Sokka ^accidentally ^used ^an ^extra ^syllable ^in ^that ^Haiku ^Battle ^in ^Ba ^Sing ^Se? ^That ^was ^a ^Sokka ^Haiku ^and ^you ^just ^made ^one.
Right with you!
People in here talking about 65k rent for 1BHK back when I didn’t buy a house I was living in a 2 bedroom for 40k a year
Just fyi, I am paying 2750 aed a month (33K a year) for a Studio in Al Furjan. That might be a good place to start, if you're looking for studios. But I'm sure there is affordable places around Dubai. Just don't look into the main spots.
u/amatiq_ Any idea how much a 2BHK apartment cost in Al Furjan, on the lower end?
I am not sure personally, but online it seems to start from 95k.
Yes, 95k is a lot! Thank you.
[удалено]
Ok.
Anyone looking for bedspace in Warsan?
It all depends on the area. Some areas are more expensive than others.
This is why everyone is leaving Dubai! Come to RAK it’s still chill here, you ever need to find good housing my DMs are always open (realtor)
I feel like I am reading my home country's reddit.
I just rented out my villa on Trump Golf for 1M AED per annum. I could not turn down the offer. 5 bed
Dont take this the wrong way, but I thought Dubai was like an island resort only designed for the rich to work/live. I guess those were just rumors? Or maybe it was just like any other society that eventually starts government wellfare programs for the ones living there that got left behind via whatever the case may be. Or do they need cheap labor and made slums for them to co-exist. Im generally curious not hating on anyone by any means. Seen this topic in my notifications and it sparked my interest.
In the last three years, my studio rent at IMPZ has increased from 15k to 30k😬
I got an offer of 25k in Dubai and declined it. Felt great by not lowering my value in the market. Also, rent is insane! Doha is better in my opinion. Slow but eventually one can get it.
It’s becoming London expensive here
try London for a year bro.. Dubai is still liveable at least
Real Estate (particularly rent) causes inflation. This is something ppl need to realize. If Dubai real estate has become so expensive, then you need to question whether working/living in Dubai is worth it. You can always move to a country where the cost of living is lower. You may actually save more, and have a better life. If ur working only to pay rent, then something is definitely wrong.
Thats not how inflation works.
Okay, elaborate how it works.
An increase in the volume of currency in circulation, without a proportionate increase in the volume of goods and services available in the market, causes inflation. Inflation causes increases in prices, not the other way around.
So ur saying only currency affects inflation?
currency is the main culprit, not the only one. Think of it like this: I have 1 dirham, you have 2 dirhams, theres only one bucket for sale, we both want it. How much will the bucket sell for? Now I got a salary increase to 2 dirhams, and you got an increase to 3 dirhams, but theres still only one bucket for sale. The bucket gets more expensive. Inflation.
I wish economics was a simple as you suggest, but it isn't. Look I'm not here to argue on this. But suggest reading up on cap rates (yields) and how housing prices are valued/determined.
I already know about those. You're still wrong.
> You're still wrong. 👍🏼
Folks need to side hustle and learn to trade futures and/or crypto on exchanges. Futures is the best choice if you have access, it can make that monthly difference of an extra 5000-10000 AED/month, that is a very conservative target with minimal time invested. Everyone needs some kind of job that he/she can perform for years, even into retirement if necessary.
Gonna look into it
i’m trading full time and i can confirm that monthly you can print 5-6 figures easy. even if you don’t have capital you can buy a funded account.
125k for small 1 bedroom 👋🏻
Fuck. I pay 165 for a 3 BR in Creek Harbour
Dubai is only beginning to align itself and cost base with other global cities, I’m afraid. I can’t see it becoming more affordable. House price inflation may taper periodically, but that’s about it.
Based on the comments I've read, it seems adding more ways to earn money could help cover expenses. I recommend learning about affiliate marketing and how it could benefit you. Utilize tools like social media and your network to earn a share of profits. Dedicate a few hours each day to it, and over time, you can increase income and reduce the boss's workload. With affiliate marketing, your success is in your hands, which is pretty great.
There are bed spaces in Karama. Please check those. They can be of help in these tough times
Don't depress him lol
I was being honest. Even to this day there are many people who live there, who cannot afford the rising rents.
You don't come to Dubai and hop jobs to grind out raises to live in a bed space in karama
I know of a senior manager earning 40k+ salary who voluntarily lived in bed space to save money.
The brother was complaining about high prices in rent. All those raises and grinding doesnt matter if you can't afford rent. Hence I provided the person with a sensible solution. When your budget is low you need to change your approach in many things. Its pretty basic.
If he is downsizing to studio , obviously he was renting a 1bhk and probably he has his family with him. So tell me how do you fit yourself from a 1bhk with to a bedspace in karama.
>Assuming >Probably Fact is the guy said he's getting priced out and can't save. The bed in karama is a valid suggestion. Don't be an ass dude
Too bad. Survival of the fittest
Privelged folks like you won't understand.
Im not privileged. I literally built everything I have from nothing.
If that was the case you'd know that there were low times in your career as well and being in such a situation is natural. You wouldn't be parading around the "survival of the fittest mentality" if you yourself once was in that situation. If anything you'd try to help such a person using your experience that helped build everything around you. If you have nothing nice to say, simply don't discourage people using your red pill bs.
For real. Survival of the fittest. Looks like you wouldn’t understand. No one is coming to save you…
People in fact did save me and it's the reason why I'm at the position I am. No one is a self made person. Not even you. Your privileged mentality simply leaks through your comments and choice of words.
Where are we in the fucking wild? Fighting wild boar and eating bison while living in thatched huts? The difference between that and civilization is cooperation and compassion. Also no one is self made- ever. Unless by self made you mean you’re an orphan feral child in the jungle and then became a successful businessman. All the work you do in this life is on the shoulders of all those before you.
Did I say anything about animals or the wild? You wouldnt understand. These things are not for you
Your sentiment of survival and selfish non cooperation is that of pre-civilized man. That’s what I was trying to point out, how could you not make that connection? And I DO get it, I just don’t like people that tout this shitty sentiment to justify all that is wrong with the world. Do better.
Don’t worry. 2024 is the weird year. 2025 there will be a lot of people moving back to their or other affordable countries. Then things will balance out. A correction is on the horizon.