Allsopp & Allsopp Recruitment and Executive Search, a division in the UAE based Allsopp & Allsopp company, said that as they see the UAE economy growing by 3% in 2024, slower than in 2022 – 2023 due to cuts in oil production; however, the job outlook remains positive with the ongoing expansion in the non-oil sector sustaining robust growth in the medium and long terms.
According to the company, the job market in the UAE has shown “remarkable growth” in the first two quarters of 2023. The surge is particularly evident in the technology and HR sectors, driven by the introduction of strategic projects and initiatives
They have also explained that a rather significant surge in new residents has been seen across Dubai since late August this year, with many residents opt for new jobs during this time, for a new start and better opportunities.
Allsopp & Allsopp Recruitment and Executive Search said that people are mainly looking for better growth opportunities, healthier offers, higher salaries and a better work-life balance. The industries that are seeing people moving around include; real estate, automotive, and corporate services.
“These industries are now actively working on retaining their staff by taking their sales vacancies to a new high, with average salaries increasing by nearly 10-12%,”explained Bobby Dhaliwal, Principle Consultant at Allsopp & Allsopp Group.
“Furthermore, demand for roles in sales and marketing fields skyrocketed by nearly 100%, as demand for quality candidates has increased so have the budgets for these roles,“ added Dhaliwal.
When compared to other places in the region such as Saudi Arabia, where annually 66% residents opt for a job switch, Dubai relatively sees 71% to 75% of the population opting for a job switch annually, said the company.
Dubai has welcomed over 30,000 new businesses in H1 2023. Whereas, all new start-up’s or already established newly incorporated businesses in UAE are actively hiring more expertise profiles to boost their company output, the availability of job opportunities in Dubai continues to be endless, the group said.