In January it was predicted that 2017 would bring along a 5% increase in salaries in the Property and Construction industry, however, this prediction has not materialised and salary remuneration packages have plateaued following 2016. This has resulted from the market being overly saturated with candidates, the majority being in the development and interior design sectors.
As a result, the industry has experienced a slight decline in hiring trends, more specifically in construction jobs. This trend has also been fuelled by the vast number of projects which are currently being tendered for. Once these contracts are awarded one can expect a significant increase in hiring in the industry. The most substantial development in the industry has been the change in focus from building operations teams to commercial teams.
This has resulted in an increase in the volume of commercial and sales jobs in the industry as companies are seeking to build high performing sales and commercial teams. There has also been a shift in demand from luxury developments toward more affordable, 3- star developments in the UAE. As a result, lower-end developments are expected to provide promising market opportunities for developers in 2017.
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