Dubai's salary forecast for 2012
One of the foremost questions on the minds of everyone working in Dubai is: What is the percentage increase of salary in the new year going to be?
Last year salaries increased by an average of 5.5 percent across all industries in the country, a marginal but healthy 1.1 percent more than 2010. According to Towers Watson research, one of the finest global market intelligence services, salaries in the country are expected to rise by a further 5.7 percent in 2012.
Interestingly in 2011 Saudi Arabia topped the GCC with the highest average salary increase of 6.2 percent, followed by Qatar (5.8 percent), Kuwait and the UAE (5.5 percent), Oman (5.3 percent), and Bahrain (5 percent).
The projected increase in UAE salary is also expected to be higher than the average global base salary increase across all jobs and locations, which is projected to rise from 3.26% in 2011 to 3.39% in 2012. One reason more to cheer Dubai, this year.
- Tunisian, Moroccan Chambers of Commerce meet to discuss economic partnership
- Egyptian economic experts predict inflation rate will continue to climb
- In wake of failed coup, Turkey shuts down all Gulen-linked businesses
- World Bank offers Jordan $1.4B over six years for Syria response
- Kuwait fights budget deficit: Reexamining government salaries, expatriate labor