Comments on: Investment in Dubai – Bank Accounts

By: imranasghar

imranasghar — Fri, 25 Dec 2009 08:22:12 +0000

i have money i like to fix deposit find a good profite thanks

By: umar

umar — Tue, 04 Aug 2009 05:33:12 +0000

thanks varbs… indeed bonds and savings accounts are low-risk options… and these days anything high-risk is not worth it.

varbs: at the time of writing this post HSBC was offering 5%. Now they have reduced to 3%.

By: varbs

varbs — Mon, 03 Aug 2009 21:32:00 +0000

hi layla. actually, bonds are supposed to be low-return investment vehicles. that’s because they offer less risk than, say, stocks, mutual funds, etc. unless you hit the monthly lottery in nat’l bonds, we’re not likely gonna bag more than a few thousands in returns, not even in the long run. that’s why it’s positioned as a savings scheme, as a means to save more (which denotes a more protective notion of wealth management), as opposed to investing for capital growth.

if you would like to see greater returns, you should look at equity funds, stocks, real estate, ETFs. of course, this would entail upping the level of risk, for which you should be compensated accordingly.

umar, just a bit of a heads-up: hsbc esaver offers 3% interest p.a. (as per experience). 5% for a bank savings account is a pretty sweet deal, i would think. (i think mashreq has 4.5%).

By: Layla Ahmed

Layla Ahmed — Mon, 03 Aug 2009 07:14:22 +0000

Good one Umar…

But I still dont understand the concept.. we give thousands get hardly any hundreds back…

m holding bonds worth from 2006 and all i got is less than 2000 dhs… now my holding is nearly 80K

By: umar

umar — Wed, 22 Jul 2009 18:52:29 +0000

varbs, i haven’t come across any bank in this region actively promoting money market accounts (if they exist at all). I guess your best bet would be national bonds.

By: varbs

varbs — Sun, 19 Jul 2009 22:15:16 +0000

hi umar!

wonder if you have any recommendations for a good uae-based money market fund. would you have an idea as to how good its performance can be? i’m looking to put what little extra cash i have in a short-term (for liquidity) instrument that reaps the highest returns. or would you say i should just focus on national bonds and the like?

would much appeciate your kind feedback.

thanks!

By: Janet | Web Design

Janet | Web Design — Tue, 26 May 2009 10:45:57 +0000

Just came across your blog, very interesting read on bank accounts that side of the world, its always interesting to see how the rest of teh world opperates. Hope to visit here again soon.

Regards
Janet

By: mansoor

mansoor — Sat, 16 May 2009 12:39:54 +0000

hey! Dont Pakistani banks offer more nowadays?

like around 9-12% p.a. ?

By: umar

umar — Mon, 11 May 2009 14:15:42 +0000

pi » actually, there are quite a few people who are doing it. People do get creative if they have extra money and risk appetite.

By: pi

pi — Sat, 09 May 2009 05:31:07 +0000

hmm..i dont get it..maybe its just me. thats a simple arbitrage opportunity. borrow USD and lend AED. everyone and thier mom would be doing this then. maybe im just not getting it.