Living in Dubai

Debt

Despite the city’s reliance on credit, harsh penalties are dealt for late or missed payments. It can be expensive to initially set up here and you may need sizeable loans to purchase a car or cover rent – but if you suddenly lose your job there’s no safety net to cover your expenses. However, banks do generally require that you have received six salary payments into your account before they will grant you a loan.

Unlike some countries, where you will receive several reminders for missed payments, if you are late paying for basic household bills such as electricity or water, your services may be disconnected without much warning. Missed payments on credit cards bills will often incur fines or restrictions to services. There are no bankruptcy laws in the UAE and so if you fall into difficulties you are fully liable for your debt. If your bank files a complaint, you could face a visa ban or jail.

Write to us

Latest News

View More

  • Broadway nights

    Downtown Dubai, dubbed the ‘Centre of Now’, and the nearby dynamic financial district, are hotspots for t...

  • An alternative mall experience

    There is much more than stores and eateries at The Dubai Mall, one of the world’s largest shopping destinations...

  • Dubai's stunning architecture

    The UAE continues to develop at pace and almost every week makes incredible announcements. There are too many formid...

  • Eats, engines & entertainment

    The culinary culture in Dubai takes a detour from its usual gastronomic delights to introduce a new breed of ‘m...

  • Innovative workspaces around Dubai

    Traditional office settings too mundane? Or perhaps one too many distractions while working from home? We have the so...

Newsletter Subscription

View Newsletter
About us Contact us Join us Advertise Corporate Shop