Average Salary in Dubai in 2024

Average Salary in Dubai in 2024

The average salary in Dubai is one of the key aspects that interests many professionals worldwide who are considering Dubai as a place for their professional development. Indeed, the status of an international business hub, relatively high salary levels compared to other regions, absence of personal income tax, developed infrastructure, and political and economic stability—all of these factors make Dubai one of the main destinations for migration, including labour migration.

Salaries in Dubai According to UAE Labour Legislation

The UAE labour legislation, specifically Federal Decree-Law No. 33 of 2021, does not set a minimum wage. However, it provides that the Cabinet of Ministers may, by resolution, establish a minimum wage for all workers or certain categories of workers.

Moreover, the legislation includes the term “basic wage,” which should not be confused with the minimum wage. The basic wage is:

  • Specified in the employment contract,
  • Paid to the employee for performing their contractual duties within a set period, and
  • Does not include any allowances or benefits in kind.

Additionally, it is provided that, in addition to the basic wage, an employee may be granted allowances and benefits of the following types:

  • Benefits in kind or monetary equivalents from the employer, as provided in the employment contract or the institution’s charter;
  • Bonuses to which the employee is entitled due to efforts made, risks faced during work performance, or on other grounds; or
  • Allowances for daily expenses, a percentage of sales, or profits.

In this context, it’s also interesting to note that salaries in Dubai must meet the basic needs of workers. Therefore, even in the absence of a legislatively established minimum wage, it can be expected that a certain salary level in Dubai will be ensured.

In general, an analysis of the legislation allows us to conclude the following:

  • A minimum wage is not established for either UAE citizens or migrant workers;
  • Salaries are determined exclusively by the employment contract and largely depend on the qualifications and experience of the specific employee;
  • Salaries consist of a basic component, as well as allowances and benefits, which should also be specified in the employment contract;
  • It is expected that the salary level in Dubai will be at least sufficient to cover basic living expenses.

Expected Average Salary in Dubai in 2024

First and foremost, it’s important to note that in 2024, salaries in the UAE are expected to grow by 4.5%. Although this is only a general trend that may vary depending on specific economic sectors or individual specialists, it reflects a positive dynamic in the labour market development in the UAE in 2024.

Labour market analysis conducted by leading recruitment agencies allows us to determine the average salary in Dubai for specialists from various fields. For instance, the open database World Salaries uses data from:

  • Official government sources,
  • Salary surveys, and
  • Job advertisements.

Based on the analysis conducted, we can highlight the following approximate values of the average salary in Dubai for 2024:

Average annual salary in Dubai233,900 AED
Average monthly salary in Dubai19,491 AED
Minimum annual salary in Dubai50,540 AED
Minimum average monthly salary in Dubai4,211 AED
Maximum annual salary in Dubai1,079,600 AED
Maximum average monthly salary in Dubai89,966 AED

The dirham’s exchange rate is pegged to the US dollar, with 1 dirham equal to 0.27 US dollars.

Factors Affecting Salary Levels

It’s important not only to have information about the highest-paying professions but also to understand which additional factors influence salary levels.

Experience
  • Workers with 2 to 5 years of experience earn approximately 35% more than workers with no experience.
  • Average salaries of workers with 10 years or more experience increase by an additional 20%.
  • If work experience is 15 years or more, one can expect a further salary increase of 15%.
Education
  • Employees with higher education earn approximately 17% more than those who have only completed high school.
  • Having a bachelor’s degree allows you to earn about 25% more.
  • Master’s degree holders earn approximately 30% more than bachelor’s degree holders.
  • With a Doctor of Philosophy (PhD) degree, you can earn about 22% more than master’s degree holders in the same position.
Gender
  • On average, men earn 240,500 dirhams.
  • Average earnings of women amount to 225,300 dirhams.

Thus, factors such as the level of education, work experience in the relevant field, and gender affect salary levels in Dubai. In some cases, the presence or absence of a particular factor can significantly influence the salary amount.

Salaries in Dubai by Sector

The largest recruitment agency, Cooper Fitch, which specialises in analysing the Gulf countries, generally notes trends towards economic diversification and the implementation of technological innovations in the UAE. There is a particular growth—and, accordingly, a need for specialists—in the construction sector and the technology sector, especially in the field of artificial intelligence technologies.

We offer some information on the expected minimum and maximum salaries in Dubai in 2024 by economic sectors, as presented by Cooper Fitch:

Audit

Position Minimum Salary (AED/month) Maximum Salary (AED/month)
Partner (5+ years’ experience) 94,000 132,000
Director 44,000 55,000
Manager 24,000 33,000
Senior Specialist 14,000 19,000
Junior Specialist 8,000 13,000

Wealth Management Banking Services

Position Minimum Salary (AED/month) Maximum Salary (AED/month)
Head of Wealth Management (16+ years’ experience) 149,000 186,000
Executive Director/Department Head (10–12 years) 85,000 110,000
Senior Private Assets Manager 71,000 88,000
Private Assets Manager 51,000 69,000
Specialist 38,000 50,000

Corporate Banking Services

Position Minimum Salary (AED/month) Maximum Salary (AED/month)
Head of Department 96,000 146,000
Team Leader 88,000 99,000
Director 53,000 69,000
Manager 38,000 49,000

Manufacturing

Position Minimum Salary (AED/month) Maximum Salary (AED/month)
Head 103,000 142,000
Manufacturing Director 71,000 88,000
Plant Director 30,000 44,000
Quality Control Manager 26,000 33,000
Design Engineer 8,000 16,000

Real Estate

Position Minimum Salary (AED/month) Maximum Salary (AED/month)
Chief Development Officer 132,000 263,000
Executive Development Director 88,000 165,000
Senior Manager 43,000 72,000
Urban Planning Manager 27,000 48,000
Construction Manager 22,000 39,000

Sales and Marketing

Position Minimum Salary (AED/month) Maximum Salary (AED/month)
Sales Director 78,000 99,000
Commercial Director 59,000 72,000
Sales Manager 23,000 34,000
Key Account Specialist 8,000 16,000

Technology Sector (Cybersecurity)

Position Minimum Salary (AED/month) Maximum Salary (AED/month)
Partner 91,000 117,000+
Director 57,000 64,000
Senior Manager 44,000 51,000
Manager 33,000 39,000
Consultant 15,000 19,000
Business Analyst 11,000 15,000

Please note that the data presented above are provided as a guideline only, and actual salaries may vary depending on the level of experience, qualifications, and working conditions.

Prospects for Migrant Workers in Dubai

Dubai offers migrants a wide range of employment opportunities across various industries, from construction and tourism to finance and information technology. Moreover, considering the region’s continued development, it can be expected that prospects for migrant workers in Dubai will improve.

However, it’s important to remember the necessity of complying with formal requirements regarding documentation and work visas in the UAE, as well as potential difficulties in adapting to local conditions and culture.

In addition, aside from employment with a UAE company, registering your own company in the UAE may be of interest to migrants.

Conclusion

In conclusion, salary levels in Dubai depend on many factors, including education level, work experience, gender characteristics, as well as the specifics of the industry and the particular company. These factors collectively shape the salary levels in Dubai, representing a complex dynamic that can change depending on various social and economic factors.

Company Formation in the UAE

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