The app that allows you to earn not spend at UAE malls
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The Gulf region's leading men's luxury lifestyle magazine. For men who understand that earn cash in dubai true value of luxury is its foundation in knowledge. Not so much a website, but an indispensable guide to life. From oil sales and Salik, to traffic fines and the Dubai Mall: At the start ofthe government of Dubai unveiled a public expenditure plan that will see the emirate spend a jaw-dropping AED 41 billion - the biggest public budget since before the global financial crisis.
At a time when oil prices are tumbling around the world and policymakers across the GCC are being forced to reconsider their financial forecasts, Dubai is able to splash out on an ambitious budget that will create an estimated 2, jobs and operate with a predicted surplus of AED 3.
Oil slipping The first point to note about the budget is that oil accounts for only four per cent of it. Reflecting the global downturn in oil prices, the government has decreased its dependence on oil from nine per cent last year, leaving the unpredictable oil market with comparatively little importance in the grand scheme of things.
The slack left by the reduction in oil revenue is more than picked up by a massive increase in charges for government services, which are set to account for 74 per cent of the total budget - a giant leap of 22 per cent from last year's plan. Also important is the big increase in tax revenue - thankfully not on us residents, but in the form of customs and excise charges and the corporation tax imposed on foreign banks, which will increase by 12 per cent this year, comprising 21 per cent of the total budget.
Cashing in on traffic With more than 2. While earn cash in dubai traffic might make it difficult for us to get to work in a morning, one thing it does mean is money in the bank for the Dubai government.
Well, aside from vehicle insurance and registration fees for every single car, there's also the small matter of Salik: There used to be a maximum daily charge of AED 24 per day, but this was removed inleaving drivers who pass through multiple gates in the same day liable to pay unlimited fees.
Let's say that half of all the registered vehicles in Dubai pass earn cash in dubai one Salik earn cash in dubai per day an extremely modest estimate. The total amounts to AED 2, Even using our pigeon maths skills, it's safe to earn cash in dubai there's a lot of money coming in every day from Salik alone.
And for those who don't play by the rules, the windfall is even greater. According to statistics revealed by Dubai's Traffic Police earlier this month, a single Emirati driver has so far amassed an incredible AEDin fines from a total of traffic offences. And he's just the start, as the three worst violators have committed a whopping earn cash in dubai, offences between them, clocking up massive fines.
Although there are no official statistics, the fines must run into to the tens of millions, and, of course, none of these reckless drivers have been banned, so the stream of fine money keeps on rolling in. The cash cow While Salik and traffic fines are massive earners, the real big bucks - and massive figures - come from earn cash in dubai jewell in Dubai's crown: Last year an astounding 80 million visitors almostper day visited the mall, making it the world's most popular tourist destination by far.
Making up around five per cent of the emirate's GDP, the world's biggest mall dwarfed other tourist attractions around the earn cash in dubai, with New York's Times Square picking up less than half the amount earn cash in dubai visitors And there's no sign of let up, as The Dubai Mall's Fashion Avenue is set to undergo a massive expansion, with another 1 million square feet, including a further high-end brands set to be added to the salubrious area.
With the Dubai economy now going from strength to strength after recovering from a massive setback init seems that not even the tumbling oil prices have the power to slow it down. You are already subscribed. You may also like. Subscribe to the magazine.