My Dubai Rent takes you inside a reader's home to have a look at what they pay each month, see who they live with and ask what they like and don't like
A property agent turned her back on the “noise and crowds” of Dubai Marina and moved to the city’s suburbs.
Indian Divya Jain, 31, pays Dh70,000) ($19,058) for a two-bedroom apartment in Town Square that she shares with her boyfriend and her brother.
They pay the rent across four cheques as she enjoys the quiet life on the outskirts of the emirate.
She invited The National for a tour of her home to show readers why it is so special.
Why did you choose to live here?
The first reason was because I wanted to find somewhere near my office which is in Motor City.
We were living in Dubai Marina and I was getting exhausted from the crowds and all the noise so I wanted somewhere more relaxing.
It was important to find somewhere quiet that also had good amenities.
Even though it is quite tranquil here, we still have a lot of cafes and restaurants right on our doorstep.
There is a big park beside us and a play area for children with a carousel, so there is a great family atmosphere, too.
We also have a water park close by and several supermarkets, so there is always something to do.
I wanted to live in a smaller building. While it is still pretty tall — I live on the ninth floor — it is a lot smaller than the skyscrapers you find in the centre of Dubai.
We also love camping and living here means we can find somewhere to camp within 10 minutes.
We often go to the Love Lake as well, which is not too far away. There are a lot of places close by that are really tranquil which is a great help when you have a busy job and want to find that work-life balance.
There is always a lot of pressure with work so being close to nature is helpful for meditation and is good for your health, too.
What touches have you made to make it feel like a home?
Because I come from India I cannot live without worshipping gods, so I built my own little temple here in the apartment. I also bought some candles and some small items but the rest was furnished by the landlord.
How long have you lived here and do you plan on renewing your contract?
We moved to Dubai eight months ago and have been living here for three months.
Obviously, we have only rented for one year but we are really settled here and would be happy to extend our stay.
Is there anything you would change about where you live if you could?
Sometimes it feels like it is impossible to get a taxi here. I try to hail them on the Hala app but it can be very difficult to find one.
Getting a taxi was never really a problem when we lived in the Marina but it can be difficult here if you do not own a car.
There is a shuttle bus, though, which drops to the Mall of the Emirates and back, so that is a big help.
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Evacuations to France hit by controversy
- Over 500 Gazans have been evacuated to France since November 2023
- Evacuations were paused after a student already in France posted anti-Semitic content and was subsequently expelled to Qatar
- The Foreign Ministry launched a review to determine how authorities failed to detect the posts before her entry
- Artists and researchers fall under a programme called Pause that began in 2017
- It has benefited more than 700 people from 44 countries, including Syria, Turkey, Iran, and Sudan
- Since the start of the Gaza war, it has also included 45 Gazan beneficiaries
- Unlike students, they are allowed to bring their families to France
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
VEZEETA PROFILE
Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
MATCH DETAILS
Juventus 2 (Bonucci 36, Ronaldo 90 6)
Genoa 1 (Kouame 40)
MISSION: IMPOSSIBLE – FINAL RECKONING
Director: Christopher McQuarrie
Starring: Tom Cruise, Hayley Atwell, Simon Pegg
Rating: 4/5
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
More from Armen Sarkissian
Mohammed bin Zayed Majlis
Aston martin DBX specs
Engine: 4.0-litre twin-turbo V8
Transmission: nine-speed automatic
Power: 542bhp
Torque: 700Nm
Top speed: 291kph
Price: Dh848,000
On sale: Q2, 2020
More from Neighbourhood Watch:
Heavily-sugared soft drinks slip through the tax net
Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.
Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.
A 680ml can of Arizona Iced Tea costs just Dh6.
Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.
KILLING OF QASSEM SULEIMANI
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
The specs: 2018 Ford Mustang GT
Price, base / as tested: Dh204,750 / Dh241,500
Engine: 5.0-litre V8
Gearbox: 10-speed automatic
Power: 460hp @ 7,000rpm
Torque: 569Nm @ 4,600rpm
Fuel economy, combined: 10.3L / 100km
Zayed Sustainability Prize
HIJRA
Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy
Director: Shahad Ameen
Rating: 3/5
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
UAE currency: the story behind the money in your pockets
