How much to spend on Christmas gifts

Planning Your Christmas Shopping and Budget

The Christmas season is a truly festive event that numerous people around the world celebrate. It is a season best spent with your family and friends. But most of all, Christmas is the season to give and share the good fortune you have had throughout the year.

Though you want to express your gratitude and appreciation to other people through giving gifts, it is important to make sure you do not go beyond your budget. Or worse, get deep in debt with your credit card! You would not want to start the year ahead with zero balance in your bank account, right? To avoid getting yourself in this precarious situation, better strategize how you will go about your gift giving this Christmas. Below are a few steps you could try to better stretch your budget but still give the best possible gifts to your precious loved ones.

  • Purge your list

So, you have your family, extended family, your friends from high school and college. Wait, you also have your office mates to think of! Your list of people to give Christmas presents to can grow long just like that. The key is to carefully choose the people you will give presents to. Think of people you have not seen in the past year. Chances are, even if you prepare a gift for them, it’ll be hard to set a time to meet them simply to hand over your present. Cross out people you have not heard from, or seen, for more than six months or a year. You will still be friends, but you have to be practical.

  • Label your family and friends

Now that you have a list of the family and friends you will buy gifts for, it is time to determine the amount you want to spend on each of them. Let us be honest here. As much as we want to give them all the best, we have a limited budget to work on. So, list down the people you would like to give the most expensive gifts to, then the people you think would appreciate a simpler present from you. For example, for your mom and dad, you can definitely get them a new microwave, while you can give your friends something more affordable and practical that they can use.

  • Mark a chunk of your budget

You need to decide early on how much you are really willing and capable to spend for your Christmas shopping. Is it 40 percent of your salary? Or is it a range between 50 to 60 percent? Once you have finalised that, you must – at all costs – stick to it. There is no use in planning if you will break your own rules and end up overspending.

How to set up a business in dubai

Building Your Company in Dubai

In recent years, Dubai has transformed itself as one of the premier international business hubs in the world. The main catalyst for its astounding growth is the numerous incentives it offers businesses. If you wish to be one of the business people who have tried their luck in Dubai, here is a quick and practical guide for your reference.

Taking the first few steps in setting up a company in Dubai

1) Identify Your Business

There are three types of trade licenses available in Dubai: commercial, industrial, and professional. The type of license that will be issued to you depends on the nature and activities of your business.

Note, however, that some business types have stricter requirements; these include businesses involved in the food industry, jewellery, and legal consultancy.

2) Determine Nature of Ownership

For foreign nationals who wish to have 100 percent ownership of their business, it is ideal to set up your business in a Free Zone in the UAE. On the other hand, those who prefer to set up a business outside the Free Zones need to have a local business partner or sponsor, which could be an individual or a corporation. The partner, by law, needs to hold at least 51 percent share of the company. The terms of remuneration are subject to the agreement between the partners.

Here are some of the key Free Zones in Dubai you might want to consider:

  • Dubai Airport Free Zone
  • Dubai Cars and Automotive Zone, or simply Dubai Auto Zone
  • Dubai Healthcare City
  • Dubai Internet City
  • Dubai International Financial Centre
  • Dubai Biotechnology & Research Park
  • Dubai Knowledge Village
  • Dubai Media City
  • Dubai Studio City
  • Dubai Gold and Diamond Park
  • Dubai Flower Centre
  • Dubai Multi Commodities Centre (DMCC)
  • Dubai Silicon Oasis (DSO)
  • International Media Production Zone
  • Jebel Ali Free Zone
  • Jumeirah Lakes Towers (JLT) Free Zone
  • Dubai World Central Business Park
  • Dubai Production City

3) Secure a Trade Name

Choose a trade name for your business. However, keep in mind that the trade name is crucial in the legal proceedings for your business. The trade name should, ideally, clearly represent the nature of your business.

To help you smoothly and efficiently establish a company in Dubai, it is best to get the expert services of business set-up specialists in the city.

The Ultimate Guide To Dubai Design

Exploring the Dubai Design District

The Dubai Design District is a community in the Business Bay area that is specifically designed to house renowned international design, luxury, and fashion brands. Popularly known as simply d3, the district also serves to foster and cultivate budding local talents.

The creative community is said to rival the Meatpacking District of New York and the Shoreditch of London. And during Vision: Dubai Design Week, the district shone under the spotlight as it hosted some of the rising local and international artists, which ran from October 26th to 31st.

In an interview with Vision Magazine, Mohammad Saeed Al-Shehhi, Chief Operating Officer of Dubai Design District discussed in length the entrancing beauty of the local design landscape. According to him, the local design scene takes much of its inspiration from the city itself, and that is what makes it so unique and fresh. The life and activity within the streets of the city give artists boundless inspiration to draw from, not to mention the diverse architecture of the souks and the old architecture in old Dubai. Taking from the artistic soul of the old and traditional settlements and the innovative vision of the new landscape, d3 brings together cultures that are generations apart and melds them together in beautiful harmony.

A Catch-basin of Creativity

The district will serve as a single place where designers and design enthusiasts can come together to inspire and be inspired, to create and recreate, to share and to learn, to grow their understanding of art and to create new forms of it. This is the foundational concept behind the communal design of the district, which features distinct outdoor furniture, covered walk paths, and artistic public areas.

According to its Chief Operating Officer, the design invites local budding artists and designers to mingle with internationally renowned brands and companies to create a thriving environment that encourages creativity, artistry, originality, and innovative thinking. Leveraging the international position of Dubai as a leading tourist hub, the district has already encouraged haute couture brands such as Louis Vuitton, Ralph Lauren, and Prada to set-up shop locally.

“With more than 220 business partners signed up in Phase 1, d3 is looking forward to growing its partner base and the business interest just from this event has been extremely positive,” said Dr Amina Al Rustamani, Group CEO of TECOM Investments in an interview about the Meet d3 event.

And this is just the beginning, per the TECOM Investments CEO.

“We are very excited to commence the second phase of our masterplan development, which is the delivery of the Creative Community scheduled for completion in 2017. This will cover around 1,000,000 square feet within d3, and will act as an incubator for emerging UAE-based designers and artists, as well as providing a natural home for art galleries and studios looking to engage directly with the region,” he continued.

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