Today is basically the last day in Dubai due to flying out tomorrow and not having achieved everything I set out to achieve there are mixed feelings. The options are open and this is not a dead end and is now added to all the other banking options I have open. Tax free haven whether it is Isle Of Man or Dubai so we shall see over the next month or two.
The weather in Dubai is not exactly pleasant as I do not appreciate such intense heat and humidity. In South Africa we tend to hit 40 degrees on the odd occasion, but not expecting this kind of temperature every day. I love being outdoors and this morning we went down to the beach and pool area only to find the sea water warmer than the swimming pool. Both were like a mild bath water temperature and definitely not refreshing.
These photos were taken directly after breakfast and the 30 minute walk was enough in the heat. It is of no surprise the beach gets busier at sunset once the sun has disappeared and the place starts to cool down. You could swim at midnight here and the water would be still like swimming in pee.
Just check how developed this place is and they are not done yet having counted more tan 50 cranes on our drive yesterday and stopped counting. Those buildings in the far distance would be a good 30 minute drive here and why nowhere is close. I had no idea Dubai was so big and the scary part when you look at the skyline you see 3 cities and at some point in the future this will become one huge connected city.
Our hotel is the one in the center and this is not a small building having 25 floors with my room being on the 21st. When you compare the hotel to all the others you can possibly expect it will be demolished at some point and made much bigger because they could double the size.
Dubai was never on my bucket list of places to visit and I am glad I have now as it is not a place I would come back to unless I need to open the bank account. Unfortunately that will require a slightly longer trip if that is the case and need to think this through thoroughly without being rushed.
Each banking offshore scenario ties up money whether it is the Isle Of Man which is 100K GBP being the minimum balance. Barclays offers another account that only costs 75K GBP and that is still a lot of money. Dubai wanted $500K and I negotiated them down to $60K by opening an investment plan and this is what I have to work through and see which is the right plan for me. If I had 75K GBP lying around I would most likely take that option so I shall wait and see what the crypto Gods give us in the this market cycle because all it would take is a stonking 3 months bringing an end to this cycle and the account in a tax haven would be a must have due to tax implications.