Best Financial Advice in the UAE: Don’t give out personal loan
Doesn’t matter family, friend, co-worker, old friend, neighbor’s dog, or your cousin’s third aunt.
If you’re going to give money to someone, just consider it money that you won’t ever need. You don’t have to tell that to the person, but let it be clear to yourself you’re not going to see that money. Don’t give more than you can manage - especially if it’s your life savings or whatever emergency funds.
Just the sheer number of instances and posts here related to “I gave a loan, and I haven’t been paid” is painful to read.