3 ways to make Ramadan a budget-friendly month

May 22, 2016 5:59 pm

With a few weeks to go before Ramadan beings, preparations for the Holy Month have already been set in motion. And just as many UAE households gear up for the month-long fasting, followed by Eid-al-Fitr festivities, many would be also on the lookout for deals on iftar and suhoor buffets, holiday packages, bargains on new cars and more.


Here are some tips to ensure that this Ramadan is easier on your wallet.


Suhoor and iftar deals for all budgets

Fasting hours are expected to be longer this year, with fasts lasting for close to 15 hours each day. And after a long day of fasting, iftar meals are a great way for quality family time. Iftar dining options in the UAE are aplenty, with many hotels and stand-alone restaurants offering special pricing and attractive deals. And for the perfect start to your day, there are equally good suhoor options available too. Rest assured that there’s something to suit every budget, ranging from lavish buffet spreads to more affordable ones.


Why pay full price when there’s a discount available out there? Check your bank’s website to stay abreast of special iftar and suhoor options during the month of Ramadan. Various banks offer special discounts of up to 20 to 30 per cent on iftar and suhoor buffets when you spend with your credit or debit card. You can also check for and purchase reduced-price deals on discount websites in the UAE.


Planning to travel this Ramadan?

If you’re planning to head out of the UAE this Ramadan, make your holiday stress-free by looking up deals on holiday packages, hotels and flights well in advance. Airlines may also introduce special airfares for select destinations during Ramadan, so check their websites for such promotions.


Haven’t booked your flights yet? Before you shell out that cash, check if your credit card has a miles program. Many credit card providers also offer an option to convert credit card loyalty points into miles with airlines like Emirates, Etihad and various other international airlines. Besides free flights, you can also redeem these miles for free upgrades as well as complimentary hotel stays, car rental services and to pay for other travel-related expenses.


The perfect time to buy that new car

Ramadan in the UAE is undoubtedly a great time to buy a new car. This explains why many potential buyers don’t mind the prolonged wait, hoping to score a fabulous deal on their next car purchase during the Holy Month.


This year, Ramadan also coincides with the school summer-break period.


As we get closer to Ramadan, your local newspapers will be filled with advertisements from various car dealerships offering attractive deals and offers on new cars – zero per cent finance, deferred installments, up-front cash discounts, complimentary extended service, warranty and roadside assistance, as well as other freebies.


Looking to finance your car purchase? It’s worth shopping around, since both car dealerships and banks offer special rates on car finance during Ramadan. Compare your options to get the best deal. So, if you’re planning to buy a car, check the finance deal offered by your car dealer and compare it with the rates offered by various banks in the UAE. Also note that many of these deals may only be available on select car models/makes.


Founder and CEO, Souqalmal.com Originally from Mauritius, Ambareen Musa holds an undergraduate business degree from RMIT university in Melbourne, Australia. She started her first online