Dubai's property recovery boosting job prospects: report

Senior hiring is picking up once again in Dubai’s real estate sector, as several large Dubai developers and government institutions are scouting for candidates for senior positions, according to Macdonald & Company, a property recruitment specialist. 

“It seems that there is a real willingness to look forward, plan andbudget for new staff appointments,” reads the company report and at the same time highlighting the renewed optimism and confidence in the region, which is much better than in Europe, the UK and the US. 

But unlike the past, employers are being very selective in picking up the right people are looking at recruiting people from outside the region again. 

Commenting on the Abu Dhabi real estate market, the report added: “Selective Abu Dhabi developers are also active in hiring, although the employment market in the capital remains steady ahead of the proposed Sorouh and Aldar merger and clarity on the role of the newly formed company.  Industry experts are also looking into the impact of the decree requesting Abu Dhabi government employees to reside in Abu Dhabi and how this will affect rents, salaries and lifestyles.

The residential sales and leasing market in Dubai continues to improve for well finished and well located properties delivered by well known and respected developers. In fact, the recent Emaar off plan launches sold out very quickly.” 

The other main generators of hiring activity are KSA and Qatar. “KSA is by far the largest market but still proves very challenging to recruit into due to strict nationalisation policies. Qatar has an air of expectancy surrounding the World Cup but has yet to really move forward. Other regions in the Arab World that used to be active have remained off limits (Syria, Yemen, Egypt and Libya) as the Arab Spring plays out.

The fundamental shift to democracy will take many years to really infiltrate every level of society. Professionals remain very attracted to the region for financial, career and family reasons, particularly when compared to current available opportunities in the UK, Europe and the US,” it added.

 

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