Hi friends,
I am considering a job offer with an oil company in Abu Dhabi. The monthly gross salary is 26,840AED (inclusive of utilities and all), my family composition is 6 (2 adults and 4 kids) and an education allowance of 35,000AED per kid (from age 5 to 18yrs). Medical insurance and accomodation will be provided by the company.
Considering my very conservative lifestyle, can I expect to save between 60-70% of the monthly salary? Again, is age 5 the minimum school age?...
Prince.
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The cost of living in Abu Dhabi is quite high so it might not be possible to save as much as you are hoping for on your salary with such a large family. Accommodation, an automobile and schooling will be your biggest expenses, so the fact that your accommodation will be provided by your company and that you will have an education allowance for each child will go a long way to helping in your savings goal. Bear in mind though that fees for a good international school (expat kids are not allowed to attend public schools) can set you back around 40,000 AED per year per child. Tuition increases as your child ages, and you could expect to pay over 70,000 AED for your 18-year old.
To read a bit more about what things cost in Abu Dhabi, have a look at our Cost of Living in Abu Dhabi page and to read more about schools in Abu Dhabi check out our Education and Schools in Abu Dhabi page.
Good luck with your move to Abu Dhabi!
Catherine