Friday, December 14, 2018

Aug 13 18, 10:18 am

Four-year-old boy dies in Ajman after being trapped in washing machine

A four-year-old boy died after getting stuck and drowned inside an electric washing machine in a villa in Al Rawdha, Ajman. Lt. Colonel Yahya Khalaf Al Matroushi, director of Al Humaidiya Police station, said the boy was with his uncle and grandmother. He went inside...

Sharjah announces bus fare increase

Depending on the destination, the bus fair in the emirate of Sharjah has been increased by Dh1 to Dh3, the Sharjah Roads and Transport Authority (SRTA) said. For city buses, the fare increased from Dh7 to Dh8. Commuters with Sayer cards, however, need to pay Dh6...

11 female inmates in Dubai opt to stay inside prison. Here’s why

A number of female inmates in Dubai would rather stay inside their cells than go out and return to their country due to the services they are receiving there. One of the prisoners who have served her time said that she feels safer inside the prison than going back to...

RAK to break yet another Guinness World Record on New Year’s Eve

Ras Al Khaimah will once again attempt to break a Guinness World Record this coming New Year's Eve and it is an event that you surely don't want to miss. Time's Out Dubai reported that Ras Al Khaimah will be having a 12-minute firework display on Monday December 31 on...

How Anvar Luxury helps OFWs invest in gold through layaways

by | Feature

When talking about investments, most OFWs immediately think of the big things like owning property, stocks, bonds, and more that require thousands of dirhams before you can say that you have invested. However, another thing that they can invest in without costing them too much is jewelry.

Secret tip for buying gold

An insider’s tip that gold buyers need to know is the impact of the making charge on their purchase. Making charge usually goes unnoticed, but that is what causes the deal to be a significant investment or a typical purchase.
“In Anvar Luxury we firmly believe in customer education, and we spend more than half of our time with our customers explaining the ins and outs of gold jewelry. The customers should know the effect that the making charge has is very critical. Price of today’s gold is same for all sellers of Gold, and only making charge varies across different sellers,” explains Abolhassan Anvar, partner at Anvar Luxury.

Anvar also advises that if customers want to know the value of their investment in their purchase, they can ask for the weight of the gold jewelry and then multiply that weight (which is usually in Grams) by the price of today’s gold. To know how much of what they are paying for will be the value of their gold investment.

Flexible Layaway terms

One of the methods how Anvar Luxury helps their customers invest in gold is their layaway plan where the customer can initially pay 25% with the rest to follow within a 2-month period. “We are open to help the customer with their payment plans. If they want to pay little by little, we’re open to that. As long as they don’t pass the deadline of 2 months, we’re okay,” said Anvar. He then adds that the most frequent payment term they have is 3 payments which includes an initial payment of 30%.

Without layaway, the gold’s making charge is Dh 20 per gram for 5 grams and above and Dh 25 for 4.9 grams and below. With layaway, it becomes Dh 25 for 5 grams and above and Dh 30 for 4.9 grams and below.

Exploring the real value of gold

For Filipinos, Anvar advises Filipinos invest in 18k gold: “18k gold is very budget-friendly. You can always find pieces from Dh 200 all the way to thousands of dirhams for 18k, unlike 22k. 22ks are famous for heavy nature so they need more money to spend. 18k, with its lightweight nature is very budget-friendly. That’s why most of the Filipinos they like 18k because they can choose multiple things – rings, earrings, necklace, all of that for the same price as one 22k necklace.”

Anvar adds that they value their customers so much so as to guide them to make the right decisions when making their purchase: “We believe that if we have a price transparency as you can see in our shops, we try to help the customers understand how much they’re paying for,”

IN A BOX:

Computation without Layaway: (full payment upfront)
Gold at Dh 120 per gram
Buyer gets 5 grams of gold
Dh 120 x 5 = Dh 600
20 (making charge for 5 gms++) x 5 = Dh 100
Dh 600 (gold price) + Dh 100 (making charge) = Dh 700
Dh 700 + Dh 35 (5% VAT) = Dh 735 (price of the gold jewelry)

Computation with Layaway: (full payment can be broken down to maximum of 2 months)
Gold at Dh 120 per gram
Buyer gets 5 grams of gold
Dh 120 x 5 = Dh 600
25 (making charge for 5 gms++) x 5 = Dh 125
Dh 600 (gold price) + Dh 125 (making charge) = Dh 725
Dh 725 + Dh 36.25 (5% VAT) = Dh 761.25 (price of the gold jewelry)

Jobs

Editors Choice

Meet the Pinoys making waves in the UAE’s art scene

Meet the Pinoys making waves in the UAE’s art scene

DUBAI: Filipinos are undoubtedly some of the most talented people in the world. Whether it be in terms of music, acting, or arts, Filipinos are equipped with skills that can conquer the world. One example would be UAE-based Filipino artist Ely Caluag, who has...

Pinay kid wins Dh10,000 in singing competition in Dubai

Pinay kid wins Dh10,000 in singing competition in Dubai

An 11-year old Filipina took home Dh10,000 after being hailed as the grand champion of a singing competition in Dubai, December 9. Keira Isabelle Celiz, whose parents are from Iloilo City, is currently studying in GEMS Founders School. She beat 14 other contestants in...

7-yr-old child dies of suffocation after Sharjah flat catches fire

7-yr-old child dies of suffocation after Sharjah flat catches fire

A seven-year-old child died after he and his father got suffocated by heavy smoke that blanketed their flat in Qulaya area in Sharjah, December 11, during a fire accident. They were both rushed to the hospital but the child was declared dead. His father received...

Mga murang panregalo ngayong kapaskuhan

Mga murang panregalo ngayong kapaskuhan

DUBAI: The Christmas season for Filipinos nears its most festive celebrations! A few days more and all Filipinos, from the Philippines and all over the world, will be enjoying the most wonderful time of the year together with their families, friends, co-workers,...

Miss Universe 2018 Preliminary Competition Live Stream

The stage is now all set for the world, or the universe rather, to witness the most-awaited beauty pageant yet again. Miss Universe 2018 is taking place in Bangkok, Thailand. Philippines’ bet Catriona Gray will be competing with 94 other stunning ladies. Watch the...

Sharjah announces bus fare increase

Depending on the destination, the bus fair in the emirate of Sharjah has been increased by Dh1 to Dh3, the Sharjah Roads and Transport Authority (SRTA) said. For city buses, the fare increased from Dh7 to Dh8. Commuters with Sayer cards, however, need to pay Dh6...

Recent posts

We listed over 1,000,000 jobs from United Arab Emirates monthly.

Accomodation option available in the market.

Latest News
Subscribe to our free weekly newsletter and never miss a thing. No spam. Only hand-picked trending news.

THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

© 2018 The Filipino Times. All rights reserved

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

More in Feature
OFWs share most memorable experience in Dubai Metro
Published On  August 12, 2018
Meteor shower in Dubai most visible tonight
Published On  August 12, 2018
4 ways how financial institutions in the UAE can help OFWs manage their money wisely
Published On  August 10, 2018
Close