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Almost half of all workers in the UAE claim that they are not being paid enough, according to the findings of a study published on Sunday.
According to Bayt.com’s latest Consumer Confidence Survey, 47 percent of employees in the Gulf state are dissatisfied with their current level of compensation.
The research also found that 74 percent of respondents believe that there is a lack of available jobs in the country, while 66 percent said that salary raises were not keeping up with the rising costs of living.
“The present sentiment across the region seems to be somewhat conservative. However, our respondents demonstrated positive sentiment for the future,” said Suhail Masri, vice president of sales, Bayt.com.
Just over a third (35 percent) of UAE residents said they expected the cost of living to increase during the next year, while 32 percent anticipated that real estate in the UAE would become more expensive.
Only half of respondents (49 percent) said that they believed their financial situation would improve over the next 12 months and a similar number (47 percent) held out hope for the UAE’s economic situation getting better during the same time frame.
Across the whole of the Middle East and North Africa, only a quarter (26 percent) of respondents said they thought their personal finance situation would have improved in 12 months’ time.
The UAE is one of the richest countries in the world, with a GDP per capita of approximately US$67,000.
How many of the people who avail the the free healthcare services in Kuwait will avail public healthcare for their family members back home? They will... more
Sunday, 19 May 2013 5:49 PM - RafiI wouldn't invest in listed stocks in the UAE because it is an open secret that corporate governance is woeful - the concept of minority interest is simply... more
Sunday, 19 May 2013 5:47 PM - Monkey TennisWe will have mixed opinion here just because we have two kinds of parents here. We have normal families where at least one of the parents are available... more
Sunday, 19 May 2013 5:49 PM - Rafi
Amazes me to see no one is commenting on the salary increase the flying crew got!
Last week, Emirates flight attendants received a letter from their... more
Islam is not better than any other religion, to all the muslims out there, stop putting yourself on a pedestal, you are filled with self importance that... more
Tuesday, 14 May 2013 9:58 AM - graemeHow many of the people who avail the the free healthcare services in Kuwait will avail public healthcare for their family members back home? They will... more
Sunday, 19 May 2013 5:49 PM - Rafi
Amazes me to see no one is commenting on the salary increase the flying crew got!
Last week, Emirates flight attendants received a letter from their... more
Islam is not better than any other religion, to all the muslims out there, stop putting yourself on a pedestal, you are filled with self importance that... more
Tuesday, 14 May 2013 9:58 AM - graeme
Who cares.......the most powerfull Arab is this NEWS
more
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