UAE salaries set to rise in 2012

28/12/2011 - Dubai Investment News Posted by Bob Brunskill
UAE salaries set to rise in 2012

Demand for properties in the UAE could be set to rise over the coming 12 months.That is after new research suggested that average salaries in the emirates are set to rise in 2012.According to data recently published by Towers Watson, salaries in the UAE increased by an average 5.5 per cent this year, up from 4.4 per cent in the previous 12 months.The firm has also predicted that salaries will rise by a further 5.7 per cent in the New Year.This could attract more people to places like Dubai and Abu Dhabi, which in turn will lead to higher demand for rental properties.Billy Turriff, business leader for Data, Surveys and Technology at Towers Watson Middle East, said: "The data provides some interesting insights into rewards and compensation trends, particularly how salaries have continued to increase despite the economic and political turmoil that has affected many countries in the MENA region."