Finance Manager Average Salary In Dubai
Finance Manager Average Salary In Dubai – If you’re wondering what the average salary is in Dubai or how much it costs to outsource workers in the city, we’ve got you covered.
In 2021, the average salary in Dubai is around 21,500 AED (United Arab Emirates Dirham) per month. That is 5,853.54 USD per month as of July 2021 exchange rates.
Finance Manager Average Salary In Dubai
Although this figure is very high, the average salary in Dubai is much lower than in developed countries such as the USA (7,900 USD) and the UK (8,163 USD). That’s why exporting to Dubai can be the right move for businesses ready to expand.
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In this article, we take a closer look at the average salary in Dubai, the salary in the city and the cost of living.
The average salary in Dubai is AED 2,58,000 per year (USD 70,280 at 2021 exchange rates).
However, we cover a lot of salary information including median salary and average salary in Dubai to give you a clear picture:
This article is for guidance only. Individual salaries may vary based on education, experience, location and job title.
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This means that half of Dubai’s population earns less than AED 21,500, while the other half earns more than AED 21,500.
Let’s say employee A earns 10,000 AED, employee B earns 20,000 AED, and employee C earns 40,000 AED.
The average salary is the sum of all salaries divided by the number of people – here is AED 23, 333. On the other hand, the median salary is the average value between all salaries. Average salary is 20,000 AED.
Dubai has an average monthly salary, ranging from 4,810 AED (1,309.56 USD) to 99,000 AED (26,953.44 USD) per month.
What Is The Average Salary In Dubai?
The median salary refers only to the salary that falls between the average salary and the highest salary in Dubai.
Because of this, the real minimum wage would be much lower. Similarly, the highest paying job in Dubai has a higher salary than offered.
Average Salary, Median Salary and Average Salary Range will help you understand the economy of Dubai, salary expectations and more.
Annual salary increases are an important part of any salary structure around the world. Dubai is no different.
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According to Salary Explorer, the United Arab Emirates (UAE) has an average salary growth of 8% every 17 months. The global average is 3% for 16 months.
The regional wage is legally binding, and it sets the minimum wage that any worker in that region must pay.
The Federal Labor Law of the United Arab Emirates has no minimum wage provision. This means that, unlike most cities, there is no fixed salary for Dubai Emirate workers.
However, in 2013, the UAE Ministry of Labor approved minimum wages for certain categories of workers. These wages do not apply to all workers in Dubai, which is why they are not the same as the minimum wage.
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While determining the average wage in any country is easy, the amount you actually pay an employee varies greatly.
Salaries in Dubai vary across major industries such as finance, medicine, energy and more. However, even within these industries, salaries vary for different jobs.
The United Arab Emirates is part of the Gulf Cooperation Council (GCC), a political and economic alliance of six Middle Eastern countries. Its GDP is second only to Saudi Arabia in the Arab world, and the UAE’s economy is highly competitive.
In addition, Dubai has a more advanced economy than other emirates in the United Arab Emirates. That is why the salary in Dubai is on average 10% higher than what an employee with the same job title earns in other regions of the UAE.
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Let’s see how the average salary in Dubai (AED 21,500) compares to the average salaries in other popular cities in the UAE:
Let’s look at the difference in income for workers with the same work experience but different levels of education in Dubai:
According to a salary survey conducted by payexplorer.com, a person’s salary tends to double once they cross the 10-year mark.
To compensate for the lack of a fixed monthly salary, the UAE Labor Law mandates employers in Dubai to provide additional benefits to their employees.
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The cost of living shows how much you need to pay for basic housing, education, transportation, and health care. It is a reliable indicator of how many employees want to live a good life.
Real estate prices largely depend on where you choose to live in Dubai. The monthly rent for a one-bedroom apartment in the city center is 5,528.59 AED (1,505.16 USD) and 3,687.32 AED (1,003.87 USD) outside the city center.
Dubai has public and private schools. Fees in public schools are capped at AED 6,000 (1,633.50 USD) per year.
And education is more expensive for expatriates (expatriates) than Emiratis. A foreigner is a person who lives in a foreign country.
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Dubai has a well-developed public transport system with buses and taxis plying the city. On average, using a taxi costs AED 2.44 (USD 0.66) per kilometer. A bus ticket costs AED 5 (USD 1.36).
Residents of Dubai are covered under a government-sponsored medical insurance scheme. According to the Dubai Health Authority (DHA) policy, expatriates must have a private health insurance plan.
The UAE is a popular “tax haven” because the UAE does not levy income tax on individuals, and offers tax-free investment options to all Dubai residents.
Now that you have a look at the average salary in Dubai and all the factors that affect it, you may be wondering:
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While the low average salary and favorable tax laws are the main advantages, there are other reasons why you should consider moving to Dubai.
For example, Dubai has more than 7.384 million workers and is known for technological advancement in the world.
In addition to initiatives such as Smart Dubai and the Dubai Future Foundation, the government also has a Minister of State for Artificial Intelligence (AI).
The average salary for HR services in Dubai is 7,800 AED (2,123.55 USD) per month. This is lower than the average salary in a popular marketing destination like Singapore (2,419.41 USD per month).
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As a result, outsourcing these important HR services means that you can easily set up a uniform search engine for your company at low costs.
Taking on the task of finding a large and capable talent pool on your own can be difficult. Fortunately, outsourcing your IT services to Dubai can solve this problem.
For example, hiring IT support in Dubai will cost you around AED 5000 (1,361.25 USD) per month. Using the same support can cost you more than $4,913 a month in New York.
Hiring a call agent in Dubai will cost you AED 4,000 (1,089 USD) per month. Using a single agent can cost you up to $2,380.93 per month in the UK.
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Despite Dubai’s excellent technology and infrastructure, the average salary in the city is low compared to the US and UK.
As a result, you will have access to a competent talent pool at an affordable price, making Dubai a popular choice for outsourcing.
Use the information we’ve covered here to understand average salaries in Dubai and decide if advertising is right for your business.
Lauren Soucy is the VP of Marketing for Time Doctor, a leading time tracking and design software company. He has 15+ years of experience in marketing for agile companies. Her first passion is SEO, she can’t start the day without coffee, and she likes to spend time at the beach with her two boys and her husband. If you travel the country by choice, consider helping those forced from their homes by conflict. . Donate to the United Nations Refugee Agency today.
The Average Salary In Dubai (costs, Comparison, Outsourcing)
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Although there is no minimum wage in the UAE, there are industry standards and applicable penalties that you should be aware of when considering moving there.
If you are looking for a job in the UAE, you will be happy to hear that the country recruits the majority of its workers from abroad. As a result, expats work in fields ranging from teaching to nursing to air traffic control. Considering this difference, there is no average salary in the UAE.
That is, there are many factors that determine wages, as well as the rights, options and sanctions faced by employees and employers.
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Billing itself as a global business hub, the UAE attracts businesses that bring workers from around the world, from Bangladesh and Mexico to Ireland and Canada.
However, because the business environment is attractive, there are few provisions in the important areas of workers’ rights. For example, there is currently no minimum wage in the UAE, but the government is considering introducing one.
For expats who earn a lot of money, the lack of a salary scale can mean that salaries are often negotiable. That’s because businesses know they need it
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