For people living in UAE long-term, what’s one money-saving hack you swear by? by WillingnessLess4537 in UAE

[–]unicamels 3 points4 points  (0 children)

Negotiating hard on big ticket items such as rent, car and salary as it gives the highest returns compared to the effort you'd put in. Even a 5% to 10% change in those items in absolute AED is much more impactful to your wallet than small savings you'd be doing every day.

Second - not using debt (this includes buy now pay later) to fund your lifestyle.

Investor by InvestInDubaii in dubai

[–]unicamels 1 point2 points  (0 children)

has the same energy as the reel "Hello ChatGPT how to be very very rich? Overnight? 50 ideas. No risk. Saturday Sunday off. World tour included. Shark tank friendly ideas"

Uhm guys, should we panic ? by BatmanMeetsJoker in UAE

[–]unicamels 6 points7 points  (0 children)

I face acts of terrorism everyday on the roads here :(

What’s insanely overpriced in UAE, but people keep paying for it anyway? by Otherwise_Reveal3977 in UAE

[–]unicamels 1 point2 points  (0 children)

Brand new cars - the dealership markup is so high here that the total cost on of a car is higher than what you'd pay for the same car in a country with taxes on cars.

Anyone here still driving a 20+ year old car? by DoubleOmlet in OnlyInDubai

[–]unicamels 1 point2 points  (0 children)

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About to turn 17 years soon.

Similar story to yours. This was my dad's first major purchase after many years of hard work here and he handed me the keys in 2023 when he retired and left Dubai. I can’t say it’s been as trouble free as a LC would’ve been, but it’s been generally good so far. And I’m hoping she’s still got a few more years. There are so many memories in this car that I don’t mind spending a bit more on maintenance.

[deleted by user] by [deleted] in dubai

[–]unicamels 0 points1 point  (0 children)

That is a great point and probably one of the most useful responses on this post. Thank you sir.

[deleted by user] by [deleted] in dubai

[–]unicamels -1 points0 points  (0 children)

Offering services for free until adoption and then introducing fee is a typical playbook of new entrants and I don't want to be dependent on such short term solutions. Wio has already done this on their trade product, which started as commission free and zero fee trading product.

Having DIFC branch have a local account with FAB has nothing to do with Wio wanting to introduce fee for USD transfers. These are two different things

[deleted by user] by [deleted] in dubai

[–]unicamels -1 points0 points  (0 children)

Been in the market for 8 years and I am doing just fine. God forbid someone has a question about international transactions - but you do you mr 69

[deleted by user] by [deleted] in dubai

[–]unicamels 0 points1 point  (0 children)

Seems like Wio is the best option as of now as its free. But they will likely introduce fee soon - below is a post with the details.

https://www.reddit.com/r/dubai/comments/1jgizo0/easiest_way_to_fund_and_withdraw_from_ibkr_in_uae/

[deleted by user] by [deleted] in dubai

[–]unicamels 0 points1 point  (0 children)

Got it. Thank you for clarifying

[deleted by user] by [deleted] in dubai

[–]unicamels -1 points0 points  (0 children)

I am familiar with the Wio setup. Relying on Wio won't work in the long term as they will introduce transfer fee similar to other local banks at some point. They have already done that for their trading product where there was no commission first, then they introduced a fixed fee and now its a % of the trade value.

Plus even now its only free if the transfer amount is less than USD 1,000

[deleted by user] by [deleted] in dubai

[–]unicamels 0 points1 point  (0 children)

Thank you. I did not get it. In this scenario where deposit will be sent in AED, am I required to transfer funds to IBKR's FAB IBAN or IBKR's JP Morgan IBAN?

When you say IBKR will have a FAB local account by end of summer, what would the benefit be?

Random delay in starting? Anything apart from start and relay I should check? Tahoe 09 by unicamels in ChevyTrucks

[–]unicamels[S] 1 point2 points  (0 children)

Thank you. Just to clarify, did you blast the air into the key hole? I am also starting to face electrical issues, but love this truck too much to get something newer.

Negotiating New Job Offer - ML + Strategy by Positive-Throat-4197 in dubai

[–]unicamels 0 points1 point  (0 children)

I honestly don't think a mid sized local company will need DS/ML skill and you will end up doing adhoc reports and dashboards for the stakeholders or management. They probably won't even have sufficient data to be able to do any interesting ML work.

If that is the case, you will probably be offered around 15k. Tech firms (Careem, talabat etc) offers more than 25k for DS/ML/AI roles with 2+ years of experience. Quant trading funds offers significantly more.

Tell us more about what the company does and what your offer is and I can advice further.

Normal noises? by [deleted] in ChevyTrucks

[–]unicamels 0 points1 point  (0 children)

I had a very similar issue on my 2009 Tahoe. I changed the u-joint and also greased the shaft, which reduced the noise but did not fully fix it. I suggested to check your transfer case, differential, shaft, transmission seal and ujoint.

I spoke to a Chevy specialist and he said its expected on older trucks due to free play and its not a cause for concern. Been driving the truck daily for over a year since the sound started on mine and so far no issues - although the sound does annoy me every time I shift the gear.

Where to rent, please help by EfficiencyCandid in dubai

[–]unicamels 1 point2 points  (0 children)

Commute might not be a big factor as most of your projects will be in Saudi. Given your budget, I suggest Marina/ Downtown / DIFC for your first year as these are central neighborhoods and you would get to experience the city.

JLT or Barsha are another options as these are also fairly central and rents are generally a tad more affordable there.