My Dubai Rent takes you inside a reader's home to have a look at what they get for their money, how much they pay in rent and asks them what they like and don't like
When Susan George’s family were leaving Dubai this year, she had to find a home of her own in the city.
The 28-year-old from India, who works in the media industry, rented her first property in Dubai a matter of weeks ago.
Ms George pays Dh30,000 ($8,170) for a studio apartment in Dubai’s Al Furjan community.
She invited The National to take a look around her home and show our readers what makes it so special to her.
Why did you choose to live here?
I live here because it’s close to my work in Media City and it’s a really nice space.
It’s a lovely peaceful community. I was living in Al Jafiliya before that with my family but they went back to India.
I felt this was a great property at a good price, plus Al Jafiliya was becoming very crowded and congested.
There is a very tranquil atmosphere with much less traffic here, which is perfect for me.
There’s a Metro line here too, which is convenient.
I am close to many other areas and there is an Ikea and Lulu hypermarket only a few minutes' drive away.
The apartment has everything I need and the building has a gym and swimming pool.
Did you have to look at many properties before settling on this one?
My parents were moving away so I had to get somewhere pretty quickly.
I had a shortlist of potential areas to live in, which included JVC, Dubai Silicon Oasis and Dubailand, as well as Al Furjan, which was my top choice.
When properties become available they don’t tend to stay on the market long in Al Furjan.
I saw another apartment in this community before this one but it was rented almost as soon as I left the building.
I made my mind up to take this one right away because other people were on their way to see it.
What touches have you made to the property to make it feel like home?
I only moved in two weeks ago but I’ve got a lot of Funko figures, which I like to display.
I am also an artist myself so I like to display my paintings.
Is there any disadvantage to living where you do?
I wouldn’t call it a disadvantage necessarily but I want to make sure that the space doesn’t become too cluttered.
When you’re moving into a studio apartment you need to plan how you use the space very carefully.
Pre-planning and space management are extremely important.
Do you feel like you are getting value for money by living here?
I actually do because we were paying about Dh56,000 for a one-bedroom apartment where I previously lived.
It didn’t even come with a gym or pool in the building.
Do you see yourself staying where you are long-term?
I actually can see myself living in Al Furjan for many years to come. I am planning to move to a one-bedroom apartment, at least in the same community if not in the same building.
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
UAE currency: the story behind the money in your pockets
LIVERPOOL SQUAD
Alisson Becker, Virgil van Dijk, Georginio Wijnaldum, James Milner, Naby Keita, Roberto Firmino, Sadio Mane, Mohamed Salah, Joe Gomez, Adrian, Jordan Henderson, Alex Oxlade-Chamberlain, Adam Lallana, Andy Lonergan, Xherdan Shaqiri, Andy Robertson, Divock Origi, Curtis Jones, Trent Alexander-Arnold, Neco Williams
What are the GCSE grade equivalents?
- Grade 9 = above an A*
- Grade 8 = between grades A* and A
- Grade 7 = grade A
- Grade 6 = just above a grade B
- Grade 5 = between grades B and C
- Grade 4 = grade C
- Grade 3 = between grades D and E
- Grade 2 = between grades E and F
- Grade 1 = between grades F and G
The specs: Lamborghini Aventador SVJ
Price, base: Dh1,731,672
Engine: 6.5-litre V12
Gearbox: Seven-speed automatic
Power: 770hp @ 8,500rpm
Torque: 720Nm @ 6,750rpm
Fuel economy: 19.6L / 100km
'Nightmare Alley'
Director:Guillermo del Toro
Stars:Bradley Cooper, Cate Blanchett, Rooney Mara
Rating: 3/5
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
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Gender pay parity on track in the UAE
The UAE has a good record on gender pay parity, according to Mercer's Total Remuneration Study.
"In some of the lower levels of jobs women tend to be paid more than men, primarily because men are employed in blue collar jobs and women tend to be employed in white collar jobs which pay better," said Ted Raffoul, career products leader, Mena at Mercer. "I am yet to see a company in the UAE – particularly when you are looking at a blue chip multinationals or some of the bigger local companies – that actively discriminates when it comes to gender on pay."
Mr Raffoul said most gender issues are actually due to the cultural class, as the population is dominated by Asian and Arab cultures where men are generally expected to work and earn whereas women are meant to start a family.
"For that reason, we see a different gender gap. There are less women in senior roles because women tend to focus less on this but that’s not due to any companies having a policy penalising women for any reasons – it’s a cultural thing," he said.
As a result, Mr Raffoul said many companies in the UAE are coming up with benefit package programmes to help working mothers and the career development of women in general.
Like a Fading Shadow
Antonio Muñoz Molina
Translated from the Spanish by Camilo A. Ramirez
Tuskar Rock Press (pp. 310)
Company%20profile
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STAGE%201%20RESULTS
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EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5