.... was just thinking that why doesnt one think of putting some down payment and taking a loan in dubai and buy an appartment to live while flying for flydubai??? Rate of interest is somewhat around 7 percent... and a decent house in marina (1000-1400) 2BHK costs around 2mill dhiram (which is fine for a young couple with no kids or 1 small kid). so if someone can put a downpayment of half a million dhirams, then one can pay about 16000 dhirams P.M. as emi for the home loan, and whenever one wants to pull out of dubai in say 3-6 years, he can sell it off and carry his riches home
now now... i know its an ideal world case, and most ppruners would be smart to think like that, but i just wanna know the glitch here.... where is the catch??? cuz i somehow know there is a catch somewhere...
some potential glitches:
a) you lease the property for 99 years..... so what?? you're only investing.
b) the property market is gonna crash..... but whatever the king has done has worked till now, from the airline to the various projects,has worked well. And even if the bubble bursts, i fail to accept that one will sell after 3-6 years at a depreciated price..and even if you do, well it was as it is your HRA....
c) inflation of rentals.....if you have bought your residence...it does guard against price rise in real estate rentals.... now you WANT the prices to rise
p.s. i dont live in dubai... this is just some numbers i could pull off the net... someone suggested me bhomes.com as a great site for home hunting... and also checked a couple of bank sites for interest rate numbers. so if you have any other accurate numbers.. feel free to reply!
The biggest problem is the 500,000 deposit. That is 136,000 USD and most people don't have that kind of money lying about. I can understand people being reluctant to sell up properties in their home countries just to buy somewhere in Dubai when it will never be a permanent home for them. You also have to factor in the rocketing maintenance charges in the marina which can add another 20,000 Dhs a year to your figures, and the housing "fee" which would add another 10,000 or so. Not forgetting DEWA bills (which actually wouldn't be that high for the property you have described.
You could make it work, but only with a very large deposit.
Just found out from a friend in the sandpit that shortlisted candidates are being contacted for a 2 day screening in Dubai around Sept 24th 2008.
For now they may just be looking for TRI/TRE applicants since they are just getting started. He says that they will probably have a screening once a month after the Sept one. Best of luck to all who get called. Don't forget to post your experience when you have a chance. I think there will be a giant "sucking sound" as NG Capts in India and elsewhere start abandoning ship. Even with the housing dilema etc Dubai is still a much better place to be in my humble opinion for most of us westerners. If they stick to 50 A/C then they will need minimum of 300 Captains for starters.
Caution advised: It takes at least 20000AED for utilities and tax (YES, you pay 5% of the rent as tax to the gvt, go figure..). so you're stranded with 170k to get something decent. Good luck.
On another note I am quite p....d that the locos get 190k (allthough no other choice) but we only get 170k!
Shows how much they really value us, not!
I'm trying to fiqure out any angles, so let me fire off a couple of Q's to you all in the sand.
1..Can you home school in Dubai and if you so, can you pocket the education allowance or does the company pay directly to the school?
2.. If one decides to rent a room instead of getting a villa or apt, do you get the full housing allowance or again does the company pay the landlord directly?
FYI I'm thinking about flydubai, so I would be interested how Emirates works the above 2 situations.
Do I understand this correctly ? Was looking at the package on their site and seems lke you get a housing allowance to rent your own pad in Dubai. Firstly as I understand there is not much available at present and secondly you need much bigger tom than that to rent a propper pad. Am I missing something here w.r.t. the deal they are offering ?
Nope--you are not missing anything. Thats the offer. Basically you will pay out of pocket for a decent place. Once someone actually interviews we should have more details regarding how or if they will help with the deposits that are required for housing.
The package looks good on paper! The housing is the BEEEG problem.
Once the applicants realize what the housing situation is in Dubai, FlyD will have major problems to recruit suitable drivers! Dhs16000 is not enough and, 1 year upfront is the spanner in the works.
They will have to do some thing to help the folks who are hired. It seems like a reasonable request considering the high cost of moving. Oh and don't forget moving expenses which you will have to incur if you ship your stuff from the UK or the USA.
Any Ppruners been called as yet? Have my app in and waiting to hear. Very interested in knowing about their interview process as well as how they are handling the questions that will be asked (housing, schooling etc).
Also if they interview, when will they actually start classes for new hires?
Just got a quote on shipping automobiles from North America to Dubai.
It will cost around $3000 for 1 car and around $4500 for 2. Plus there will be some other charges. It is worth it if you have a car(s) sitting around.
This will eliminate one expense when you get to the sandpit. All you have focus on then is the bloody housing market and the schools!
I got a reply within a week. I sent a cv on 20AUG received an e-mail on 26Aug that had a application attached to it, sent the app back within 24 hours, then on 28Aug I received an e-mail stating that I have been shortlisted to interview on 30Sep. I'll let you all know what happens, as I get the info.
Last edited by sunking : 9th September 2008 at 14:30.
Reason: spelling
I think they are only looking at TRI/TRE's or anyone with a training background. I think in the passing weeks, they will start shorlisting
others as well. With a planned fleet of 54 there should be room for many NG drivers.
Good Luck Sunking, keep us posted on your experience.
Seems like a good place to hang your hat if don't have anything else going on or are unhappy with your current contract. Sunking--Do you know anything about the interview process?
TidaBisa,
Sorry, I haven't a clue about the process, I can only guess it will be simular to Emirates since it sounds like they will run it until flydubai gets on its feet. I have just been told what to bring, who will meet us at the Airport, etc. I think the process I know about is posted on their website as far as it being two days. Day one is Orientation and Sim. At the end of the day they will tell you if you progress to day 2. If not sit back and enjoy Dubai for a day. If so I believe its a Phyc eval, and Medical. I'll update you with the scoop around the 3rd of October.
Have a great one, and thanks for the luck wishing.
I noticed that FlyDubai will be operating from the new airport in Jebel Ali (JXB). How does that play into where one would like to live in Dubai?
Would you live in a different part of Dubai for easy (I know optimistic!) access to JXB. I am guessing that EK will continue to operate from DXB?
For anyone who gets on with FlyDubai there will probably be a lot of day trips, so commute time to/from JXB will be an important factor to consider.
Hope FlyDubai pays for employee parking
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