![SHARJAH, UNITED ARAB EMIRATES. 28 MARCH 2020. Haitham Essam’s retirement fund of Dh1.25m is invested in his launderette. The revenues have dropped 50% since the coronavirus and it is six weeks from closing with him already being foprced to laying off staff while Covid-19 has potentially wiped out his savings. (Photo: Antonie Robertson/The National) Journalist: Suzanne Locke. Section: Business.](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/IJMMV5SJRJ3DWOTLU462L755LM.jpg?smart=true&auth=27c312a31a6cdae6e4fdf8de1601d1c1548acda108c4a3f688bf2601a5c96bbf&width=400&height=225)
UAE resident Haitham Essam fears his retirement pot will be affected by coronavirus. Antonie Robertson/The National
UAE resident Haitham Essam fears his retirement pot will be affected by coronavirus. Antonie Robertson/The National
How UAE residents are managing their finances during the pandemic
While some are saving more, others are balancing a drop in income with lower spending