No mate, it's for a skipper around 1st or 2nd year. But consider it's tax-free and housing provided. Still, it's by no means industry leading, it's probably fair to average. You can live on it, but don't count on upping anything like a pension fund. On top of that it is fast eroding, because the dish-dashs couldn't care less about inflation. They get it compensated with a local bonus, just as govt employees(70%), so for them it's negligable. The expats however bear the brunt.
If you count on getting a wb rating on modern equippment, it's fine, you'll leave after 3 years and 2000h. If you plan to stay and ie. have your kid completing some PYP or MYP, then the last few years will get extremely tight. Basically you will then fork out of your savings to complete your stay. Now if you have a nice contract in spe when leaving, go for it. But i wouldn't count on a huge choice in the mid term, as aviation has always been cyclic. The next downturn is around the corner. Once it hits us, believe me, EK will not wait when jobs get a little scarce and lower the package extensively, to their liking , because you will be stuck with them.
If I had to consider moving again, with what i know now, i would realise that my savings were insufficient and definitely not meant to subsidise the greedy local bunch.
That's the uncomforable truth.