It is what it is. Much as I don't like to inject any positivity there is no need to pay 200000 for a 2 bed apartment. Large two bed apartments in silicon Oaisis currently on offer for 75000 per year. Depends if you need a sea view in the marina. And it's not a "housing allowance", it's a part of your salary which Flydubai have partitioned to avoid paying the end of service bonus.
Education allowance is an allowance, and as OKC had pointed out it doesn't cover all the school fees, and looks set to get worse as they go up again. Not good news if you are thinking of joining and have kids.