UAE salaries likely to be the lowest in Gulf
A rise in living costs can imply that workers in the UAE will see a more modest real income growth, following a decade of growth in salaries, a new study has revealed.
A recent report by Hays Group, the Management Consultancy, said that real salaries in the UAE, or salaries adjusted for changes in consumer prices, will see a growth of 0.84 percent next year, the lowest in Gulf.
The consultants said that the United States would see better income growth than the UAE, with a 1.1percent growth in salary in real terms.
Kuwait is likely to see the biggest rise in salary in the Middle East, as the non-executive pay scales are likely to grow by 3.6 percent in real terms.
But, the UAE professionals may escape the gloom, with management salaries likely to grow 2.14 percent in real terms, 1.3 percent points above UAE average.
As for the real estate increases, Saudi Arabia reached the top, with the average salary growing by 50 percent over 10 years.
Posted on 17/8/2010
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