UAE Tech Support

In today’s scenario, no place in the world is immune to economic crisis. It is only the question, whether you are in an environment stuck ankle-deep, waist-deep or neck-deep, trying to stay afloat in these times. Recession and depression are buzz words these days!

Dubai is in no exception to this. Although, government tries to paint a rosy picture without any credible facts and figures but as a Dubai resident for 5 years, I or for that matter general public can easily make out the truth. Here are some general things which everyone encounters these days-

1. Not even a single day passes without hearing of some or other job cuts from local print and electronic media. And there are many ones which do not even appear in the media…..
2. Every person knows someone in near circle who has been made redundant.
3. TO-LET sign for Apartments/Showrooms/Shops with few numbers is getting common in almost every second block which.
4. Almost all landlords have started accepting 4-12 cheques/annum. Earlier 1-3 cheques was a norm in every part of Dubai.
5. Hiring has seized almost everywhere, some companies are cutting between 10-30% salaries.
6. Most of the announced construction projects have been stalled, delayed or cancelled.

But again, these are testing times everywhere. Best of luck.

On a lighter note-

What is the difference between recession and depression?

If your neighbour looses job it is recession but if you loose your job it is depression.

Cheers,

UAE Tech Support Guy