top of page

Ready to Cash In? Emirates Staff in Dubai Score a 24-Week Salary Bonus: Why Not Invest in Real Estate?

May 12, 2023

RELATED NEWS

Lorem ipsum dolor

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Date

READ MORE

Lorem ipsum dolor

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Date

READ MORE

Lorem ipsum dolor

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Date

READ MORE

NEWS & ARTICLES

It is reported that Emirates Group has promised a 24-week bonus to over 100,000 employees less than 24 hours after posting its most profitable year ever. The company has not officially commented on the matter, but several staff members have confirmed that they received e-mails confirming the incentive.


The e-mail, reportedly sent by Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, praised the company's performance before informing employees that they will receive the 24-week bonus, which will be added to their May salary. Emirates Group recently released its 2022-23 annual report, which showed a record annual profit of Dh10.9 billion (US$ 3.0 billion), a complete turnaround from the company's loss position last year.


Reap the Rewards


Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, has praised the hard work of his employees, attributing their efforts to the company's record financial performance and cash balance for the 2022-23 financial year.


In his e-mail to employees announcing the 24-week bonus, he advised them to use the money as they see fit, whether it be investing wisely, saving, or spending it well. The pay-out will be based on the basic salary of each employee. The news of the bonus has been met with happiness and relief by many employees, who see it as a testament to their hard work and dedication during the tough times brought about by the Covid-19 pandemic.


Dubai Resiliency

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has praised the achievement of Emirates Group, stating that it represents the spirit of Dubai.


He tweeted that Emirates Airlines, which posted its most profitable year ever despite the global crisis faced by the aviation sector in the past three years, reflects Dubai's resilience in times of crisis, and its resolve to remain at the forefront of the global market.

Emirates and dnata saw significant revenue increases in 2022-23, as the group expanded its air transport and travel-related operations following the removal of most pandemic-related restrictions worldwide. The group's cash balance of Dh42.5 billion (US$ 11.6 billion) is the highest ever reported.


Maximizing Your Bonus


If you're one of the lucky employees of Emirates Group who received the 24-week bonus, you might be wondering how to make the most out of this extra cash. One option worth considering is investing in real estate. With Dubai's booming property market, investing your bonus in real estate could be a smart financial move, potentially offering both long-term growth and rental income.


Investing your bonus in real estate can be a wise financial decision due to Dubai's thriving property market. According to recent reports, Dubai's real estate market has shown remarkable resilience, with prices remaining stable despite the pandemic. With the recent Expo 2020, government initiatives, and Dubai's position as a hub for international business, the property market is expected to continue to grow.


Investing in real estate can provide both long-term capital appreciation and rental income, making it an attractive investment option. You can choose to invest in various types of real estate, such as residential or commercial properties, depending on your investment goals and risk appetite.


If you're considering investing your bonus in real estate, it's crucial to conduct thorough research and seek professional advice to make informed decisions. Factors to consider include the location, property type, rental yield, and potential capital appreciation.

Valerio Sciamannetti is an inspiring example of an employee who leveraged his experience and expertise to transition into a successful career in the real estate industry. Valerio worked as a Learning and Development Training specialist and a Line manager at EK for 19 years before transitioning into a new role as the CEO of a real estate agency, Just Bespoke.


With his unique background and experience, Valerio is well-equipped to assist Emirates employees who are looking to invest their bonus in real estate. He understands the intricacies of the real estate market in Dubai and can provide valuable insights and guidance to employees who are considering investing in the industry.


Valerio can assist employees with various aspects of real estate investment, including identifying promising investment opportunities, conducting thorough due diligence, and negotiating deals that maximize returns. He can also provide advice on market trends, rental yields, and other factors that can impact investment decisions.


As a former EK employee himself, Valerio understands the company culture and can relate to the unique needs and aspirations of Emirates Group employees. He can provide personalized advice and support to help employees make informed decisions and maximize the potential of their bonus.


To learn more about how Just Bespoke can assist you in navigating the real estate market in Dubai, reach out to us via our website or contact details below. We can provide a free consultation and help you explore your options for investing in the local real estate market.


Website: https://www.j-bespoke.com/contact

Mailbox: info@jbespoke.ae

Phone: +971 55 889 3682 | +971 55 579 6060

bottom of page