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Wednesday, September 14, 2005

Good News

Gulf News reports that Dubai Municipality is planning to build low-cost housing in and around Dubai. "We want low-income groups of people to spend not more than 30 per cent of their income on accommodation," said Engineer Abdullah Abdul Rahim, Director of the Planning and Survey Department at the Municipality.

Not quite sure how that would work, or how they would verify it, but this is a tremendous move by DM. The first two sites will be in Al Ghusais and Al Quoz, with many more planned for the future.

And also...
The qualifying threshold for Social Security payments for UAE nationals is to be raised by about 75%. The example given is for a couple with 3 children. Under the old system if their income was below Dhs 3,125 they would receive payments to bring them up to that level. The same family size will now qualify if they fall below the threshold of Dhs 5,468. Not a huge amount of money by any means, but better than a slap in the face with a wet fish, as they say.

1 Comments:

Blogger 1Desi said...

Hey Keefieboy,

When I lived in my pricy Manhattan loft, I thought I was paying a bomb to live close to my workplace - Turned out, I was paying 30% of my post-tax income in rent.

Why would I wanna pay the same here?? This is still a heck of a long way from NYC! Is it just me who thinks that 30% in rent is a lot?

4:53 pm  

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