• 'The National' looks at 10 high-paying careers in the UAE that will remain in-demand for many years. Artificial intelligence engineers can earn an average salary of Dh32,000. AI is being used widely across the Emirates, including for traffic control systems, government departments, air traffic control, healthcare and education sectors. The UAE also has an AI strategy and also recently launched the Mohamed bin Zayed University of Artificial Intelligence, which will help produce AI engineers. AFP
    'The National' looks at 10 high-paying careers in the UAE that will remain in-demand for many years. Artificial intelligence engineers can earn an average salary of Dh32,000. AI is being used widely across the Emirates, including for traffic control systems, government departments, air traffic control, healthcare and education sectors. The UAE also has an AI strategy and also recently launched the Mohamed bin Zayed University of Artificial Intelligence, which will help produce AI engineers. AFP
  • Experienced data scientists can earn a median salary of Dh32,000. The UAE Golden Visa, a 10-year residency visa for skilled professionals, is available to these professionals. They also fall into the category of Emirati citizenship, but they would have to be nominated by a Royal Court. Bloomberg
    Experienced data scientists can earn a median salary of Dh32,000. The UAE Golden Visa, a 10-year residency visa for skilled professionals, is available to these professionals. They also fall into the category of Emirati citizenship, but they would have to be nominated by a Royal Court. Bloomberg
  • The average salary of management consultants is Dh35,000. These professionals apply the data available to improve business performance. With entrepreneurship encouraged heavily in the UAE, management consultants will be in high-demand. Getty Images
    The average salary of management consultants is Dh35,000. These professionals apply the data available to improve business performance. With entrepreneurship encouraged heavily in the UAE, management consultants will be in high-demand. Getty Images
  • Investment bankers can earn Dh45,000. With the Covid-19 pandemic disrupting the global market, companies and individuals are increasingly looking at hiring these services to learn how and where to invest their money. Getty Images
    Investment bankers can earn Dh45,000. With the Covid-19 pandemic disrupting the global market, companies and individuals are increasingly looking at hiring these services to learn how and where to invest their money. Getty Images
  • A principal scientist earns an average salary of Dh38,000. Scientists also qualify for the UAE’s Golden Visa scheme and really qualified ones can be nominated by the Royal Court for Emirati citizenship. These scientists could be working in different areas, including healthcare, space research or part of a space mission, or other research areas. Getty Images
    A principal scientist earns an average salary of Dh38,000. Scientists also qualify for the UAE’s Golden Visa scheme and really qualified ones can be nominated by the Royal Court for Emirati citizenship. These scientists could be working in different areas, including healthcare, space research or part of a space mission, or other research areas. Getty Images
  • Doctors earn an average salary of Dh33,000. Medical professionals are always going to be in-demand, but the Covid-19 pandemic has reminded governments how important it is to have an effective healthcare system. With the UAE having a focus on building its healthcare sector further, more vacancies will open up. Getty Images
    Doctors earn an average salary of Dh33,000. Medical professionals are always going to be in-demand, but the Covid-19 pandemic has reminded governments how important it is to have an effective healthcare system. With the UAE having a focus on building its healthcare sector further, more vacancies will open up. Getty Images
  • The median salary of an experienced cybersecurity engineer is Dh30,000. Cyber-attacks are growing each year and companies are looking for qualified engineers who can protect their online information. Bloomberg
    The median salary of an experienced cybersecurity engineer is Dh30,000. Cyber-attacks are growing each year and companies are looking for qualified engineers who can protect their online information. Bloomberg
  • An experienced finance officer can earn between Dh33,000 to Dh35,000. The profession requires overseeing the spending of individuals or companies and advising them accordingly. Getty Images
    An experienced finance officer can earn between Dh33,000 to Dh35,000. The profession requires overseeing the spending of individuals or companies and advising them accordingly. Getty Images
  • Software engineers can earn Dh35,000, but those at a senior level can earn more than Dh50,000. These professionals develop computer software for machines. Bloomberg
    Software engineers can earn Dh35,000, but those at a senior level can earn more than Dh50,000. These professionals develop computer software for machines. Bloomberg
  • Senior human resource officers earn an average salary of Dh30,000. They hire and look after employees. It was believed earlier that AI would replace their jobs, but it has been assisting with their roles, rather than causing unemployment. Getty images
    Senior human resource officers earn an average salary of Dh30,000. They hire and look after employees. It was believed earlier that AI would replace their jobs, but it has been assisting with their roles, rather than causing unemployment. Getty images

10 future-proof jobs in the UAE with high salaries


Sarwat Nasir
  • English
  • Arabic

As the UAE paves its way to a more digital future, recruiters have highlighted high-paying jobs that will still be in demand in 20 years.

Initiatives have been launched to reshape the skills base of workers here, including an artificial intelligence university, digital governance, autonomous vehicle strategies and space exploration.

Recruiters said these will open up private sector opportunities for job seekers.

"The UAE is one of very few countries where government is setting an example for private firms to follow, by rapidly adopting digital governance," said Hasan Babat, managing consultant at human resources company Tuscan Consultancy.

If you look at my business, part of recruitment will be taken away from consultants, and AI bots will do that work for them

“It has created an environment that is very conducive to attracting talent from across the world by easing investment rules, providing a transparent legal system and relaxing legislation for residency and citizenship."

David Mackenzie, of recruitment agency Mackenzie Jones Middle East, said automation will make certain job roles more popular.

Artificial intelligence and software engineering roles are among those expected to increase in demand.

"Artificial intelligence engineers will be a massive area for us, because if you think about all those areas that have to be automated, AI is a key component behind that," he told The National.

“If you look at my business, part of the assessment of selecting recruitment companies will be taken away from consultants, and AI bots will do that work for them.”

However, Mr Mackenzie believes traditional roles such as those in finance, marketing and human resources will still be sought after.

With digital transformation picking up pace, The National looks at 10 high-paying careers that will stay in demand far into the future.

The list is compiled based on research, estimates and comments from Mr Babat and Mr Mackenzie.

The 10 high-paying jobs that will stay in demand:

  1. Artificial intelligence engineer, Dh32,000 per month
  2. Data scientist, Dh32,000 per month
  3. Management consultant, Dh35,000 per month
  4. Investment banker, Dh45,000 per month
  5. Principal scientist, Dh38,000 per month
  6. Medical doctor, Dh33,000 per month
  7. Cyber security engineer, Dh30,000 per month
  8. Finance officer, Dh33,000 per month
  9. Software engineer, Dh35,000 per month
  10. Senior human resources officer, Dh30,000 per month

1. Artificial intelligence engineer 

Average salary: Dh32,000 per month

When AI first entered the market, people feared it would replace workers and result in mass unemployment.

Since then, automation has taken over some roles, but there are human skills it cannot replicate.

AI is in use across the UAE, in land and air traffic control systems, government departments, healthcare and education.

The UAE has an AI strategy and recently opened the Mohamed bin Zayed University of Artificial Intelligence, which will produce AI engineers.

“AI is becoming the key for large private and government organisations to understand consumer sentiments and make decisions. It is a promising career,” Mr Babat said.

2. Data scientist

Average salary: Dh32,000 per month

This profession is in demand and will be so for many years.

The Golden Visa, a 10-year residency permit for skilled professionals, is available to data scientists. The role also qualifies individuals to be considered for Emirati citizenship, but they have to be nominated by Royal Court officials.

“With so much digitisation across industries, data is the new currency. The UAE government’s vision to provide complete digital government services will also make the jobs of data scientists high in demand,” Mr Babat said.

3. Management consultant

Average salary: Dh35,000

Management consultants help companies solve business problems and maximise growth.

By looking at available data they can help to improve a company's performance.

With entrepreneurship heavily encouraged in the UAE, management consultants will be in high demand.

4. Investment banker

Average salary: Dh45,000

These professionals advise individuals or companies how to invest their money and earn more.

“Oil crash, digital disruption and the pandemic have all kept global markets highly volatile," Mr Babat said.

"These uncertainties have increased demand for professional investment bankers, who help their clients in prudently investing and maximising the value of their money."

5. Principal scientist

Average salary: Dh38,000

Principal scientists lead a team in planning, conducting and interpreting experiments.

Scientists also qualify for the Golden Visa scheme and notably accomplished individuals can be nominated by the Royal Court for Emirati citizenship.

Their area of work can vary widely, from healthcare to energy research, or even taking part in the space programme.

6. Medical doctor

Average salary: Dh33,000

Doctors are always going to be in demand, but the coronavirus pandemic has reminded governments how important it is to have an effective healthcare system. Naturally, salaries increase or decrease depending on training and specialisation.

With the UAE's strong focus on building its healthcare sector, it is likely more vacancies will open up in the future.

Specialists, surgeons and consultants can earn several times the average figure of Dh33,000.

7. Cyber security engineer

Average salary: Dh30,000

Cyber attacks are growing each year, and companies are looking for experienced cyber security engineers who can protect online information.

Mr Babat said governments and private firms are looking to develop more secure technologies and would need these professionals.

“Due to an increase in cyber attacks globally in recent years, organisations have lost billions of dollars,” he said.

Many of these jobs come with a salary of more than Dh40,000.

8. Finance officer

Average salary: Dh33,000

While the digital world has created many new job roles, some traditional positions will still be in demand 20 years from now.

Mr Mackenzie said finance officer is one of these professions.

An experienced candidate can earn between Dh33,000 and Dh35,000, and would oversee the spending of individuals or companies, advising them accordingly.

9. Software engineer

Average salary: Dh35,000

This is a branch of computer science which includes the development and building of computer system software.

“I think software engineering is going to be a huge market, because there's going to be so many bits of software that will run the world,” Mr Mackenzie said.

“For example; your car. You don't need technical engineers anymore. Teslas need to be serviced once every five years, and that would be done by a software engineer.”

10. Senior human resources officer

Average salary: Dh30,000

Human resources officers both hire and look after employees and those in higher ranking positions can earn a good salary.

It was believed earlier that AI would replace this particular job, but instead the technology has been assisting their roles, rather than replacing them.

What are the highest paid jobs in UAE?

  • Banking - chief compliance officer Dh93,000-Dh115,000, chief operating officer Dh95,000-Dh113,000
  • Legal - managing partner Dh84,100-Dh122,300, General Counsel Dh80,000-Dh130,000
  • Oil and gas - LNG manager Dh38,000-Dh72,000, Petroleum engineering manager Dh38,000-Dh65,000
  • Public sector - Undersecretary Dh125,000-Dh175,000, executive director Dh90,000-Dh130,000
  • Strategy - chief information officer Dh85,500-Dh111,000, partner Dh110,000-Dh162,000
  • Senior finance and tax - group chief financial officer Dh90,000-Dh130,000
  • Sales and marketing - regional commercial director Dh55,000-Dh69,000, head of corporate communications Dh51,000-Dh65,000
  • Manufacturing and supply chain - managing director Dh94,000-Dh130,000, chief operations officer Dh80,000-Dh120,000
  • Investment management - chief investment officer Dh130,000-Dh170,000, head of investments Dh85,000-Dh140,000
  • Technology - chief information officer Dh60,000-Dh105,000, chief technology officer Dh50,700-Dh97,900
  • HR and office support - HR director Dh64,800-Dh109,500, head of HR Dh50,000-Dh90,200
  • Financial services - chief risk officer Dh90,000-Dh150,000
  • Accounting and finance - CFO Dh70,000-Dh130,000
  • Property and construction - general manager Dh60,000-Dh80,000, development director Dh65,000-Dh80,000
  • Secretary and office support - executive assistant Dh24,000-Dh32,000, office manager Dh20,000-Dh32,000
  • Digital - chief digital officer Dh50,000-Dh90,000, head of marketing Dh35,000-Dh60,000

____________

UAE salary guide for 2021:

  • UAE Salary Guide 2021
    UAE Salary Guide 2021
  • Banking
    Banking
  • Banking
    Banking
  • Banking
    Banking
  • Banking
    Banking
  • Banking
    Banking
  • Banking
    Banking
  • Banking
    Banking
  • Legal
    Legal
  • Legal
    Legal
  • Oil and Gas
    Oil and Gas
  • Oil and Gas
    Oil and Gas
  • Oil and Gas
    Oil and Gas
  • Oil and Gas
    Oil and Gas
  • Public sector
    Public sector
  • Public sector
    Public sector
  • Strategy
    Strategy
  • Strategy
    Strategy
  • Strategy
    Strategy
  • Strategy
    Strategy
  • Strategy
    Strategy
  • Strategy
    Strategy
  • Strategy
    Strategy
  • Strategy
    Strategy
  • Strategy
    Strategy
  • Strategy
    Strategy
  • Senior finance and tax
    Senior finance and tax
  • Senior finance and tax
    Senior finance and tax
  • Senior finance and tax
    Senior finance and tax
  • Senior finance and tax
    Senior finance and tax
  • Senior finance and tax
    Senior finance and tax
  • Senior finance and tax
    Senior finance and tax
  • Sales and marketing
    Sales and marketing
  • Sales and marketing
    Sales and marketing
  • Sales and marketing
    Sales and marketing
  • Sales and marketing
    Sales and marketing
  • Sales and marketing
    Sales and marketing
  • Sales and marketing
    Sales and marketing
  • Sales and marketing
    Sales and marketing
  • Sales and marketing
    Sales and marketing
  • Sales and marketing
    Sales and marketing
  • Manufacturing
    Manufacturing
  • Manufacturing
    Manufacturing
  • Manufacturing
    Manufacturing
  • Manufacturing
    Manufacturing
  • Manufacturing
    Manufacturing
  • Investment management
    Investment management
  • Investment management
    Investment management
  • Investment management
    Investment management
  • Investment management
    Investment management
  • Technology
    Technology
  • Technology
    Technology
  • Technology
    Technology
  • Technology
    Technology
  • Technology
    Technology
  • HR and office support
    HR and office support
  • HR and office support
    HR and office support
  • HR and office support
    HR and office support
  • Financial services
    Financial services
  • Financial services
    Financial services
  • Financial services
    Financial services
  • Financial services
    Financial services
  • Financial services
    Financial services
  • Accounting
    Accounting
  • Accounting
    Accounting
  • Accounting
    Accounting
  • Human Resources
    Human Resources
  • Accounting and finance salaries
    Accounting and finance salaries
  • Accounting and finance salaries
    Accounting and finance salaries
  • Property and construction
    Property and construction
  • Property and construction
    Property and construction
  • Property and construction
    Property and construction
  • Secretary and office support
    Secretary and office support
  • Secretary and office support
    Secretary and office support
  • Secretary and office support
    Secretary and office support
  • Secretary and office support
    Secretary and office support
  • Digital
    Digital
  • Digital
    Digital
  • Digital
    Digital
  • Digital
    Digital
  • Digital
    Digital
  • Digital
    Digital
  • Digital
    Digital
  • Digital
    Digital
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From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

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%3Cp%3EHigh%20fever%20(40%C2%B0C%2F104%C2%B0F)%3Cbr%3ESevere%20headache%3Cbr%3EPain%20behind%20the%20eyes%3Cbr%3EMuscle%20and%20joint%20pains%3Cbr%3ENausea%3Cbr%3EVomiting%3Cbr%3ESwollen%20glands%3Cbr%3ERash%26nbsp%3B%3C%2Fp%3E%0A
The specs

Engine 60kwh FWD

Battery Rimac 120kwh Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2) chemistry

Power 204hp Torque 360Nm

Price, base / as tested Dh174,500 

ESSENTIALS

The flights 
Emirates, Etihad and Swiss fly direct from the UAE to Zurich from Dh2,855 return, including taxes.
 

The chalet
Chalet N is currently open in winter only, between now and April 21. During the ski season, starting on December 11, a week’s rental costs from €210,000 (Dh898,431) per week for the whole property, which has 22 beds in total, across six suites, three double rooms and a children’s suite. The price includes all scheduled meals, a week’s ski pass, Wi-Fi, parking, transfers between Munich, Innsbruck or Zurich airports and one 50-minute massage per person. Private ski lessons cost from €360 (Dh1,541) per day. Halal food is available on request.

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Racecard

6pm: The Pointe - Conditions (TB) Dh82,500 (Turf) 1,400m

6.35pm: Palm West Beach - Maiden (TB) Dh82,500 (T) 1,800m

7.10pm: The View at the Palm - Handicap (TB) Dh85,000 (Dirt) 1,400m

7.45pm: Nakeel Graduate Stakes - Conditions (TB) Dh100,000 (T) 1,600m

8.20pm: Club Vista Mare - Handicap (TB) Dh95,000 (D) 1,900m

8.55pm: The Palm Fountain - Handicap (TB) Dh95,000 (D) 1,200m

9.30pm: The Palm Tower - Handicap (TB) Dh87,500 (T) 1,600m

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

The specs

Engine: 3.8-litre, twin-turbo V8

Transmission: eight-speed automatic

Power: 582bhp

Torque: 730Nm

Price: Dh649,000

On sale: now  

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'Of Love & War'
Lynsey Addario, Penguin Press

'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”