Income related: Savings in GCC Area
 

Hello folks,

i am now on the jump to arab region, changing location from switzerland to Dubai. I would have following question: What share of your income do you usually save in the region? (incl. also Qatar, Bahrain, etc.).

(in switzerland i was able to put aside roughly 45%-50% without impact on a convenient lifestyle)

Many thanks and best regards,
Adam

UAE - married, no kids. Saving roughly 40% of basic salary/flying pay. Housing allowance all goes on rent.

adamwi

If you're not a troll and this is a serious question, you need to provide more details. What job for a starter, what's your starting salary and what Company. Is it with or without accommodation and what is the allowance. A lot will also depend on what your 'convenient' lifestyle entails but saving 45-50% in Dubai, even on a Captain's salary, is somewhat optimistic. If you're married with several kids and you're the only income provider, it will be tight on an F/O's salary. And without wishing to sound like a knob, our gardener sends around 60% of his salary home each month and lives on the rest, in this case being 400dhs a month! It's all relative.

The fact that you can save what you do, living in a high cost Country like Switzerland, would suggest to me you're better off where you are. It's only getting worse here, especially with VAT coming.

Harry

You are overpaying the gardener

GrŪezi, Not only agree with Harry, if you have a 2 plus kids family and you want to send them to the better schools,and if you are saving 45%, in Switzerland of all places.....you are making a big mistake. What you will do is trade lifestyle for big Iron, and trust me, big Iron fever lasts about a year in these places....you will be regretting on your third Dhaka Layover, if it's not your third night turnaround in a row, that is..

folks, thanks for the quick reply!
completely agree. I can imagine, that it doesn`t work well with family... so far i am alone, sharing accomodation (rarely there), etc..So already trading some kind of lifestyle. Thats the only reason why this is working.
House, Car, Dog, Wife, Children... and savings/savings rate would go down to cellar.