According to a recent report that was published on Wednesday, Is the UAE has turned into an employer’s market as more individuals relocate there, offering businesses more options to select from the talent that is available in the market.
The UAE work market has changed “to an employers’ market, with more people moving to the UAE due to the luxury lifestyle and conditions in other countries,” according to Robert Half’s 2024 Salary Guide.
Based on figures from the Dubai Statistics Centre, the population of Dubai has increased by around 84,400 from January 2023. According to Dubai’s General Directorate of Residency and Foreigners Affairs, the number of residency visas issued in the emirate increased by 63% between January and June 2023. This indicates that as more businesses enter the country to take advantage of expanding opportunities, professionals are also moving there in search of better opportunities.
According to Robert Half’s associate director for the Middle East, Gareth El Mettouri, demand from foreigners is at an all-time high in the UAE, which has emerged as the ultimate lifestyle destination. “At a time of high inflation and rising costs, candidates are willing to accept lower packages to give themselves a foothold in the Middle East, which brings down the overall market rate and restricts salary growth,” he said, citing an influx of talent into the region and increased competition for roles.
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