Gulf Business reveals UAE's top 10 salaries for 2017, is yours one of them?
The average monthly salary across the UAE's three expatriate groups – Asian, Arab and Western – increased just 0.49 percent or $54 over the last year. (Pixabay)
Salaries have remained more or less stagnant in the last year across the GCC in line with the slump in regional economies, according to the 2017 Gulf Business Salary Survey.
Wage growth in the GCC remained mute as regional economies tackled decreased government spending, new austerity measures and reduced business linked to lower oil prices.
The average monthly salary across our three expatriate groups – Asian, Arab and Western – increased just 0.49 percent or $54 over the last year, from $11,123 to $11,177. This was 0.3 percent below the $11,211 seen in 2015.
The UAE was the second strongest market in terms of salary increases across the three groups with the average monthly pay packet rising 0.66 percent from $11,276 to $11,350.
Average Asian salaries were up 0.75 percent from $9,363 to $9,433, Arab salaries increased 0.71 percent from $11,936 to $12,021 and Western salaries were up 0.24 percent from $11,991 to $12,020.
The survey found that on an average basis, the salaries for most of the top 10 highest earners remained exactly the same. The only two roles that saw a slight rise in salaries include lawyer marketers and legal managers (up by 3 percent) and information technology (IT) managers (up by 0.1 percent).
Here are the top 10 salaries in the UAE for 2017:
- Chief executive officer/managing director – multinational: $35,085
- Chief executive officer/managing director – local company: $22,820
- Banking – treasury manager: $13,490
- Information technology – manager: $13,082
- Construction – project manager: $12,356
- Human resources – manager: $11,318
- Legal – lawyer marketer/manager: $10,779
- Banking – retail/personal banking manager: $10,273
- Banking – branch manager: $10,215
- Healthcare – general practitioner/manager: $9,960
Looking ahead, despite salaries remaining flat, recruiters believe the Gulf is unlikely to lose its appeal for expats in the near future.
Expo 2020 in Dubai and the 2022 World Cup in Qatar are still considered bright spots on the horizon and the UAE in particular is expected to continue to attract foreign talent.
“The Gulf will always be an exciting place for expatriates and I do not think the UAE will ever lose its allure,” said Jennifer Campori, managing director of Charterhouse Middle East.
“The UAE is always forward thinking in the development of its people and infrastructure, ensuring it is the most attractive offering to expatriates either on holiday or for longer-term employment.”
The complete 2017 Salary Survey is published in the April issue of Gulf Business.
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