United Arab Emirates Salary Guide 2023

 

Welcome to the 2023 edition of the Cooper Fitch Salary Guide for the United Arab Emirates (UAE).

 

The UAE economy is set to grow by an annual 5.1% in 2022, which is higher than the projected growth released in April this year of 4.2%. The Central Bank of the UAE and the IMF are projecting 4.2% economic growth for 2023. We believe that this growth has been driven by the country’s success around its early recovery from Covid-19 and being the first to market with many new initiatives driven by the UAE government. 

 

The country will be the fastest-growing economy in the Arabian Gulf in 2023, according to the latest projections from the International Monetary Fund (IMF). 2022 was the UAE’s best-performing year for real GDP growth since 2015 and the highest growth in employment market opportunities since 2012 according to our data.

 

Our Salary Guide survey will be based on six questions regarding recruitment activity, salary trends and bonuses to enable us to be able to create the most comprehensive guide for 2023. We are aiming to speak to over 1,000 organisations allowing us to be able to deliver the most accurate prediction for the year ahead.

 

We have seen a significant recovery in nearly all sectors with job activity numbers now well above pre-covid levels, however, whilst we have seen positive growth some sectors have still to meet the height of the 2015 to 2019 period, these include some service sectors, and real estate job numbers. Our Gulf Employment Index data showed overall job activity growth in the UAE at 8% in quarter one, 10% in quarter two, and 3% in quarter three. In quarter four we see no signs of a decline in the number of new jobs. 

 

The UAE is the most complex and highly developed market in the Gulf with a broad range of industry sectors and a central tourism hub for the world, which has had a significant effect on the economy and the overall employment and jobs market. The country continues to be a powerhouse for the region, in consulting, legal, technology, and fintech markets.

 

We are currently conducting our analysis of salary increases for 2023 and aim to produce our guides by January 2023. For an early release of the UAE Salary Guide for 2023  please complete the form on the website homepage.

 

 

Salary Guides