Tell us your top tips for saving money in Dubai

Ask An Expert Banking uae dubai savings saving-money 14642 times12 answers3 followers
30
yallacompare 62 Rep. elliemartin1 edited question

Residents of Dubai, we need your help!!

As with any city, residents in Dubai waste far too much money on things they dont need and save far too little.

A survey carried out by yallacompare suggested 30% of UAE residents dont save a single dirham….

To solve this we want your top tips for saving money in the UAE…

  • It could be stopping the posh coffees in favour of the free office coffee.
  • Maybe you started shopping at a new supermarket which is cheaper then others.
  • Maybe you moved credit card balance from one credit card to another and saved thousands of dirhams a year.
  • Maybe you moved house.
  • Maybe you started using the free beaches rather than paying for hotel access.
  • or maybe, just maybe you stopped buying organic fruit and started taking home the odd apple from the office… (we’ve all done it..)

Whether you saved AED10 or AED10,000, we want to hear about it!

Register, share your money saving tips and wait for the votes..

If your get the highest votes on our forum you’ll win a AED 300 voucher for MOE!

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6
Nisha Patel 371 Rep. elliemartin1 edited answer

One of the ways I saved (not much.. but was a starting) was to switch to a good cash back credit card. I try and do all my purchases on the same card and have ended up saving almost 2000 AED/year.

    4
    rosemarietinker 6 Rep. Sultanat edited answer

    Download The Entertainer App! The Entertainer is full of exciting Buy One Get One Free offers for restaurants, beauty salons, health & fitness, leisure activities and many more. If you go out regularly, it is worth buying these to save money on various deals.  I save around 700 AED monthly by using this app.

      3
      mishali26 40 Rep. elliemartin1 edited answer

      1.Basic Beverages

      Stick to basic beverages like tea and coffee. Fancy juices and carbonated beverages are slight deviations from your basic drinks.

      2.Home Lunch

      Nothing is better than home lunch.In UAE, there are a lot of options to eat out and once your start eating out, it becomes an addiction.

       3.Speed Tickets

      Don’t waste your money on speeding fines.

      4.Rents / Flat

      If you are single, you can opt for a studio flat thus saving a lot on rents. Families with kids need minimum one bed room flat.

      5.Movies

      Opt for credit cards which offer great discounts on movie tickets. 

      6.Exercise

      Going to a gym can be costly in UAE. You can substitute it with jogging in a park or doing ground exercises at home

      7.Budget

      Last but not the least prepare a budget every month and stick to it. Budgeting is a great way to make a frugal living. With a budget on hand, you will know exactly how much to spend and where. This way you can avoid unnecessary purchases.

        2
        kanwal27 31 Rep. elliemartin1 edited answer

        *Look for a living space which consumes only a 50% of your income, spend 30% on bills and other consumptions, rest 20% SAVE.

        *Keep one credit card at a time. The more the credit cards, the more is the urge to spend on movies and restaurants.

        *Use installment plans to make partial payments from your salary, thus saving money each month would be easier and without any compromise.

        * More usage of Coupons/Vouchers will help save a large amount of money.

        *Budgeting is an important factor.

        *Avoid expensive coffee shops, as there are many options of coffee/tea on a cheaper price.

        *Make use of websites like Zomato, which help you preplan your dinner/lunch by checking out the menu in advance.

        *Get involved in Group committees which will help to obtain an amount of money on yearly basis other than your income.

          2
          Samr24498862 73 Rep. Jon Richards edited answer

          Shift your shopping from high end markets to regular less expensive marts like you can get 80% of your regular weekly shopping items at any Carrefour at a considerably lower price than Waitrose. .Also, consider shifting your fruit and vegetable shopping to places like Union Co-Op in Dubai, Sharjah Co-Op in Sharjah and Ajman Al Manama ,LuLu hypermarket. Buy your fish from the fish markets in Dubai and Sharjah ports.Its cheap and fresh from the boat.

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