ATM Heists
Obviously these ATM stalkers are either very dense or just new to Dubai.
Besides the fact its illegal, beating someone up to snatch his just-withdrawn cash is a business module that's not a very sustainable one in Dubai.
Any idiot knows that a typical Dubai consumer doesn't hold the monthly paycheck longer than 4 to 5 working days in the bank account. With the way things are going today, Dubai's minuscule white-collar salaries are quickly vaporizing on:
50% on home rent (best case scenario)
20% on car installment
10% on petrol
5% on traffic and parking fines
15 to 20% on education and schooling
10% on water, electricity bills and municipality fees
5 to 7% on telephone bills or phone cards and Internet
2.5% Service fees (if you live in any of those so called New Dubai estates)
8 to 10 % on general groceries
5 to 7% on clothing and laundry
10% on Dining and eating out
12 to 15% on credit card payments
5 to 7% on personal loans
12 to 15% on the other credit card payments
5% on medication/healthcare
3 to 5% on other misc expenses
I don't think any of these percentages are over-estimated and yes, there is a reason why the numbers exceed 100%.
Besides the fact its illegal, beating someone up to snatch his just-withdrawn cash is a business module that's not a very sustainable one in Dubai.
Any idiot knows that a typical Dubai consumer doesn't hold the monthly paycheck longer than 4 to 5 working days in the bank account. With the way things are going today, Dubai's minuscule white-collar salaries are quickly vaporizing on:
50% on home rent (best case scenario)
20% on car installment
10% on petrol
5% on traffic and parking fines
15 to 20% on education and schooling
10% on water, electricity bills and municipality fees
5 to 7% on telephone bills or phone cards and Internet
2.5% Service fees (if you live in any of those so called New Dubai estates)
8 to 10 % on general groceries
5 to 7% on clothing and laundry
10% on Dining and eating out
12 to 15% on credit card payments
5 to 7% on personal loans
12 to 15% on the other credit card payments
5% on medication/healthcare
3 to 5% on other misc expenses
I don't think any of these percentages are over-estimated and yes, there is a reason why the numbers exceed 100%.
3 Comments:
I'd hide cash in the mattress - if only I could trust the other guy I timeshare this bed with.
Re: the linked article: it's ridiculous how much debt people get into over here, and not just kids, but supposedly financially mature adults. For instance, the last guy who left my company owed *me* Dh8000 - even after deducting five years of gratuity!
By marwan, at October 8, 2006 at 4:03 AM
whats sad is that people are taking bank loans to pay rent...
By moryarti, at October 9, 2006 at 2:05 AM
Looks like a good time to be a repoman.
By marwan, at October 9, 2006 at 5:47 AM
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