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Latest News

Leaving Dubai

Leaving Dubai

With expatriates gearing up to flee Dubai, Kipp looks at the complications of disengaging with the once thriving emirate

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January 19, 2009 2:18 by



For those of you who have bought your flat/villa and have a mortgage with a local bank, consider the following: once you quit your job or are fired, your company will send a letter to your bank stating that you no longer work for them. They will then freeze the funds in the account where your salary is transferred until you pay off your mortgage (and who has that kind of money?).


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3 Comments

  1. sleepless in sharjah on January 20, 2009 8:25 am

    they could afford the rainbow/lipton chai at the cafeteria by Jumeirah beach overlooking the Burj. n perhaps an EPPCO sandwich or a pint sized samosa could sum up the Dubai experience

     
  2. shantisubra on January 21, 2009 10:59 am

    What a cruel way, for one who has to leave this place that was once bubbling with activity, traffic, tickets, fine for every other simple (non)offence. A city trying to capture with the world’s highest, tallest, largest, biggest, longest………, A city where a commoner cannot even dream to reside alone or with family or with friends, is getting vacant this fast, but again with all difficulty in leaving!!!!!!!! Extremely SAD. Please authorities take some action, start the acts back with the bang………

     
  3. Mahesh on January 26, 2009 9:01 am

    Numbers given by DNRD doesnt add up, UAE census data shows population in the emirate on an average increases by 300000-400000 every year …Pls spend sometime before coming out with these bogus numbers.

     

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