Real Estate in the UAE Is Driving the Country’s Professional Services Sector

With only about 20% of the population being of indigenous Emirati origin, the country has always been a magnet for talent and a financial and other services hub in the Middle East and Africa region. Encouraged by its ongoing and incessant real estate development, more and more educated staff is required in the country. In the present article, we examine what talent is required and what career prospects can be expected in each.

Property development is providing employment for other sectors

Although the UAE economy has remained stagnant over the last few years, which had followed the global economic crisis of 2008, the number of vacancies in the services sector has been on the rise across all parts of the country.

The main culprit for this is the country’s real estate sector. Although the property market across the country has also experienced a downturn since the said crisis, new buildings continue to be designed, commissioned and built. Many buildings are in the pipeline, and consequently jobs around planning, designing, building and buying or renting these have to be filled.

The country is known for its extravagant designs and engineering marvels. Whether it is the tallest building in the world, the biggest shopping centre or the tallest ferris wheel, if there is a record to beat, the UAE have probably beaten it or plan on doing so. The extensive overview of all building and real estate projects can be found on https://yzerproperty.com. YzerProperty is a service that allows its visitors to find the ideal property for rent or sale, and offers good descriptions of the newest market trends and recent developments.

These are the most popular professions in the UAE

If browsing through any job vacancies site from the UAE, it is easy to notice a certain trend among three groups of professions.

• Engineering: linked to a construction boom, there is high demand for civil, mechanical and electrical engineers. The country prides itself as always being at the forefront of all technological developments, so it is only logical that these professions will be in high demand there.
• Administrative services: Accountants, financial experts and lawyers are always required for any real estate transaction. Since the introduction of the Value-Added-Tax (VAT), their services have also been required to incorporate it into the consumer and logistics industries.
• Technology professionals: As businesses are becoming increasingly digitalized, naturally IT professionals are required to fill the vacancies. Businesses want to explore opportunities in e-commerce and thus tap into new markets.

Many of these vacancies will be filled by expatriate residents, who bring the know-how and education from similar sectors abroad. Of course, the UAE area an attractive place for expatriate residents due to low tax levels and a decent level in public infrastructure and services, coupled with nice leisure activities and two large airport hubs, which make traveling very accessible. All this makes the UAE one of the most attractive places to live and work in.