Gold investment in Dubai — Dubai Gold Souk basics
Dec 1, 2025Dubai · Experience date Dec 3, 2025
Dubai Gold Souk in Deira is the world's largest gold market. Price is set by international gold spot price (same worldwide) + making charges (2-10% depending on piece). Buying gold in Dubai: no VAT on investment gold bars/coins. Jewelry has 5% VAT. You can negotiate making charges. For investment: buy 24K gold bars or coins from reputable dealers (Malabar Gold, Joy Alukkas). Selling back: same shops buy at spot price minus 1-2%.
Contributor: Anna Kowalski Emergency fund in UAE — why you need one quickly
Nov 28, 2025Dubai · Experience date Feb 10, 2026
UAE job market can change fast — company restructuring, visa cancellations. If you lose your job, visa is cancelled within 30 days, and you must leave the country or switch to new sponsorship within 30-60 days. Emergency fund recommendation: 3-6 months of all expenses in an easily accessible account. Don't lock all savings in fixed deposits. Repatriation flight alone can cost AED 1,500-5,000.
Contributor: Emma Larsson End of Service calculation — know what you're owed
Nov 13, 2025Dubai · Experience date Mar 19, 2026
End of Service Gratuity (EOS) is your legal right after 1 year employment. Formula: 21 days basic salary per year for years 1-5, 30 days for year 6+. Based on BASIC salary only (not allowances). Capped at 2 years total. If you resign before 5 years: EOS is reduced (1-3 years: 1/3 of EOS, 3-5 years: 2/3 of EOS). If fired: full EOS regardless. Calculate yours at mohre.gov.ae calculator.
Contributor: Emma Larsson 