The job market in the UAE has made a strong recovery after the slowdown caused by the coronavirus. This recovery has been possible due to the government’s fiscal and monetary measures. The UAE, being the second-largest economy in the Arab world, has implemented various reforms to strengthen its business environment.
These reforms include:
- legal
- economic and social changes aimed at attracting foreign investment
- skilled workers,
- encouraging companies to establish or expand their operations
To further support its workforce, the UAE has introduced an unemployment insurance program that came into effect on January 1st.
As a result, the UAE’s talent demand is expected to continue growing throughout 2023.
Discover the wealth-building potential across different industries, including:
- technology
- sales
- property
- banking
- construction
- office support
- human resources
Property and сonstruction
Let’s delve into the promising prospects within the property and construction sectors.
In the UAE, the 2023 salary guide highlights the impressive earning potential, denoted in AED per month.
Take a look at the salary ranges for key positions:
1. General Manager: Earn between AED 65,000 and AED 100,000 monthly.
2. Project Director: Anticipate a rewarding monthly salary ranging from AED 60,000 to AED 90,000.
3. Project Manager: Enjoy a competitive salary range of AED 40,000 to AED 55,000 per month.
4. Development Director: Find fulfillment with a minimum of AED 70,000 and a maximum of AED 80,000 per month.
5. Development Manager: Benefit from a salary range between AED 45,000 and AED 55,000 monthly.
6. Facilities Director: Reap the rewards of a monthly salary ranging from AED 55,000 to AED 75,000.
These figures reflect the enticing earning potential within the property and construction sectors in the UAE.
What benefits can jobseekers expect in 2023?
Recruitment experts emphasize the need for competitive benefits to attract top talent. Some companies are adopting innovative approaches like extra bonuses or one-time stipends. This aims to alleviate rising living costs, foster loyalty, and promote retention. According to Robert Half’s 2023 salary guide, companies are making long-term adjustments to healthcare and housing allowances due to increasing costs.
To accommodate these increases, organizations are reducing family allowances and offering single-status benefits instead.
Employees prioritize:
- career development
- private healthcare
- financial advantages
- life insurance
- tech devices
What are the key benefits of talent attraction and retention?
- Flexible working arrangements, particularly a hybrid model, are a top priority in 2023.
- 3 office days and 2 remote workdays are preferred.
What are the most in-demand jobs in the UAE in 2023?
1. The consulting sector has established itself as a high economic performer for the UAE, and Dubai remains the GCC hub for this market.
Consultants specializing in tax, law, strategy, and technology are likely to be in high demand in 2023
2. In the banking and financial services sector, there is also growing demand for venture capital professionals, employees with start-up portfolio experience, and compliance experts
3. The UAE’s digital and technology sectors have a high demand for roles like software developers, IT engineers, data scientists, and cybersecurity experts:
- talent shortages and the importance of data drive this demand.
- financial companies prioritize hiring cybersecurity and data specialists.
- retail seeks digital marketing experts.
- the need for skilled professionals exceeds the available talent pool. Roles in data management, analytics, and product development are also sought after.
What are the highest-paying jobs in the digital and technology sector?
Chief digital officer: Dh95,000 ($25,867) to Dh126,000 (per month)
Chief information and technology officer: Dh95,000 to Dh115,000
Chief information security officer: Dh84,000 to Dh95,000
Chief product officer: Dh73,000 to Dh95,000
Product director: Dh76,000 to Dh87,000
Vice president of digital transformation: Dh68,000 to Dh84,000
Data governance director: Dh71,000 to Dh81,000
Head of data science: Dh63,000 to Dh78,000
IT director: Dh63,000 to Dh73,000
Director of Analytics: Dh58,000 to Dh73,000
Lead enterprise architect: Dh56,000 to Dh73,000
Program Director: Dh61,000 to Dh71,000
Head of digital: Dh54,000 to Dh69,000
Head of cloud business unit: Dh53,000 to Dh68,000
Digital transformation manager: Dh56,000 to Dh66,000
Cyber security manager: Dh51,000 to Dh61,000
Data architect: Dh46,000 to Dh56,000
Data scientist: Dh42,000 to Dh53,000