It’s all about the Money
Due to the strong Economy this emirate has and the modern cityscape at display, expats often find working in Abu Dhabi to be a very lucrative alternative. Moreover, due to its incredibly small population, the economy of Abu Dhabi depends on expats who are qualified in different fields. Foreigners from various corners of the world hold jobs in a number of important sectors in the emirate of Abu Dhabi.
Furthermore, the tax-free incomes and jobs with high remuneration have enticed millions from all across the world. According to reputed websites, average salaries all across the UAE have increased by a figure of 5.3% and they are predicted to increase by 5.9% this year. The same website also suggests that Abu Dhabi is the second most popular city in terms of expat population with 20% of the expats living outside the emirate expressing a strong desire to reside here.
In the past few years, many large global organizations have relocated their business to Abu Dhabi. Those who have the desired skills and expertise find it quite easy to get jobs with desirable salaries.
The section to follow will discuss about the top five paying jobs in this emirate.
- A job in Oil, Gas and Petrochemical sector
Putting it forth bluntly, executives in this sector are often known to earn loads. They may even come first when it comes to getting overpaid and that too all across the UAE.
“The Oil and Gas sector is well paying anywhere across the world. High oil prices and even higher demand has mean that high salaries are the norm” says Graham Whitworth, Senior Banking Consultant at Charterhouse partnership.
In addition to the high base salary and yearly appraisals, professionals in this field are also eligible for various benefits like hardship allowances and compensation pay in case of a hazard.
An individual can easily earn from AED 185,219 to AED 292,500 per year (as on 15th Nov) in this sector.
- Banking and Finance
A sector that is growing at a rapid pace all across the UAE has witnessed immense growth in the capital too. While the investment bankers and CFOs in various organizations earn uncountable loads, people with the job of a Credit manager and financial analyst also earn a satisfying number. A professional in the field of finance
- Pilots in the Major Airlines
It is fact known all across the globe that pilots are quite satisfied when it comes to remuneration.
First officers in any leading airlines like Etihad airways and Fly Emirates in Abu Dhabi earn highly paying packages along with numerous entitlements and benefits.
Pilots are paid on the basis of number of hours fliedknown as the block hours, up to a maximum of 83-92 hours. An additional salary is paid for every flying hour after 92 hours.
An employee working with these airlines might also have a share of profit on the basis of company’s performance in a particular year or month.
- Real estate agents involved in high-end deals
In a country like UAE and that too it’s capital-Abu Dhabi, there is no shortage of luxurious properties. This consequently leads to commissions worth hundreds of thousands of dirhams with every deal for the agent.
A survey by Macdonald and Company, a real estate specialist in gulf has clearly indicated the fact that professionals in the industry have seen a hike of 5% and increase in bonuses by 8% with the current base salary remaining the same.
- Jobs in the Law field
It might be somebody else’s misery, but lawyers make it a point to earn loads in Abu Dhabi. Well jokes apart, but it is a dire necessity for these professionals to keep themselves updated with each and every law be it local or international.
Figures by Hays.com- a reputed website clearly indicate that well qualified lawyer in Abu Dhabi easily earns between DH 30,000 to 40,000 per month.
Lawyers with the top notch firms representing large corporates earn money that they never stop counting. Hundreds of thousands of Dirhams are peanuts for them.
With Abu Dhabi’s rapid growth and the steep ascent it is witnessing in various sectors, you never know, even an employee from the healthcare sector or the marketing department of an organization might get a fat cheque. It all depends on making the right choice at the right time.
Author Bio: Anshuman Kukreti is a professional writer and a keen follower of the global job market. An engineer by qualification and an artist at heart, he writes on various topics relating to employment across the gulf.
This article is posted by Mr. Chitrang Vyas