The United Arab Emirates stands as one of the wealthiest nations globally, boasting an exceptionally high standard of living. Each year, it attracts an increasing number of expatriates. Here, we delve into the most sought-after professions in the country and explore the opportunities available to foreigners seeking employment.
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Economic landscape in the UAE
In 2024, the UAE's Central Bank forecasts a 4% economic growth, spurred by government initiatives in the services and tourism sectors, as well as technological advancements. Additionally, the real estate industry significantly influences the economy, with the market displaying positive momentum and continuing to attract investors. Property prices rise annually, ensuring that investments yield substantial returns. Importantly, the UAE dirham has been pegged to the US dollar for over two decades, mitigating currency risk and providing investors with confidence to purchase properties in Dubai.
Determinants of salary levels in the UAE
As with many places, salary levels in the UAE are influenced by several key factors:
Education
A candidate with only a general secondary education cannot expect a high salary. Therefore, the higher the level of education and academic degree, the greater the potential earnings.
Qualifications and experience
An individual without work experience or with minimal experience can only anticipate an entry-level salary. However, a candidate with several years in their field and a portfolio of successful projects may secure above-market wages and various bonuses.
Company
Startups may not be able to pay high salaries even to highly qualified employees. When job hunting, it's essential to consider the company's status and development stage. Large, well-established firms with extensive staff can afford to pay above-market salaries, along with bonuses and annual incentives.
Industry
Certain professions, such as IT specialists or doctors, are in high demand. Both companies and the government are willing to offer these professionals high salaries, relocation assistance, and other benefits.
Minimum wage in Dubai
Officially, there is no set minimum wage in the UAE. However, the approximate minimum salary in Dubai is around 4,800 dirhams or $1,300, depending on agreements with employers.
Average salaries in the UAE
The average monthly income in Dubai is 21,500 dirhams or $5,800, which is approximately 10-20% higher than in other emirates. This figure depends on the employee's qualifications, position, professional field, and other factors.
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Economic sector
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Salary
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Logistics
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from $2,700 to $9,500
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Jurisprudence
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from $5,000 to $36,000
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Development
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from $6,800 to $12,500
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Trade and management
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from $2,100 to $9,500
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Personnel management
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from $3,200 to $8,500
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Oil and gas
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from $6,500 to $17,000
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Professions
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Profession
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Salary
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Surgery
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80,000 AED / $21,700
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Engineering
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25,000 AED / $6,800
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Programmer
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25,000 AED / $6,800
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Teacher in a school
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17,000 AED / $4,800
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Teaches in a university
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22,500 AED / $6,100
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Policeman
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18,000 AED / $4,900
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Highly valued professionals in Dubai
Top 5 most in-demand professionals in Dubai:
- Doctors: Medical tourism is a key development area in Dubai. The government is keen on attracting the best doctors from around the world, hence the high standards for specialists.
- Teachers: With new schools of various specializations opening every year, Dubai attracts people from all over the world who want their children to be educated in familiar systems. Hence, there is a high demand for teachers proficient in specific languages and specialized fields, such as Russian language instructors or swimming coaches.
- Managers: Dubai hosts a multitude of companies across various sectors, all aiming for robust growth and financial success. Therefore, experienced advertising agents, copywriters, managers, and other specialists are essential.
- Real estate professionals: To maintain and elevate the market standards, developers need to work with skilled professionals. Consequently, engineers, architects, brokers, designers, and many others will continue to be in high demand in Dubai for a long time.
- Service sector specialists: This sector is one of the most popular among expatriates globally, encompassing cosmetic, tourism, entertainment, and other services. The UAE government supports such initiatives, and restaurants, salons, and other enterprises are eager to hire foreign staff. Additionally, there's always the option to offer private services.
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Taxes on salaries
UAE citizens and expatriates with resident cards are exempt from paying income tax. For more details on the UAE tax system, refer to our article on the subject.
Salary growth
According to a survey by leading recruitment agency Cooper Fitch, 53% of companies in Dubai plan to increase salaries for their employees in 2024, with an average raise of 4.5%. Additionally, over half of the organizations intend to expand their workforce and offer bonuses based on employees' achievements in 2023.
Bonuses and incentives
Apart from salaries, employees may receive bonuses and annual incentives. Each company has its formulas for these payouts, generally based on the individual or team performance indicators, company financial results, and other factors. Some enterprises also assist their employees with relocation: finding and paying for an initial apartment, covering travel costs, handling paperwork, and more. Other notable benefits include social packages and health insurance.
Conclusion
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