• Dubai, United Arab Emirates, Sep 09, 2012 - Students and parents arrive at St Andrews School in in Al Safa. The group Dubai Education has said they will now take over the management of the school. ( Jaime Puebla / The National Newspaper )
    Dubai, United Arab Emirates, Sep 09, 2012 - Students and parents arrive at St Andrews School in in Al Safa. The group Dubai Education has said they will now take over the management of the school. ( Jaime Puebla / The National Newspaper )
  • The Dubai Wellington International school opened its doors to students for its sixth year. Along with a fresh crop of students is a new Principal, Keith Miller, second right. Lee Hoagland / The National
    The Dubai Wellington International school opened its doors to students for its sixth year. Along with a fresh crop of students is a new Principal, Keith Miller, second right. Lee Hoagland / The National
  • Students take part in PE at the GEMS Wellington International School in Dubai. Lee Hoagland / The National
    Students take part in PE at the GEMS Wellington International School in Dubai. Lee Hoagland / The National
  • Students at the Queeba Girls School in Ras Al Khaimah queue to receive their school books for the year. Razan Alzayani / The National
    Students at the Queeba Girls School in Ras Al Khaimah queue to receive their school books for the year. Razan Alzayani / The National
  • Sixth Grade students play a game at their first English lesson of the year at the Queeba Girls School in Ras Al Khaimah. Razan Alzayani / The National
    Sixth Grade students play a game at their first English lesson of the year at the Queeba Girls School in Ras Al Khaimah. Razan Alzayani / The National
  • Kylie Snyder, 15, who just moved with her family from Ohio, in a art lesson at the American Academy for Girls in Mizhar. Razan Alzayani / The National
    Kylie Snyder, 15, who just moved with her family from Ohio, in a art lesson at the American Academy for Girls in Mizhar. Razan Alzayani / The National
  • Kylie's sister, nine year old Taylor packs away her books at the American Academy for Girls in Mizhar. Razan Alzayani / The National
    Kylie's sister, nine year old Taylor packs away her books at the American Academy for Girls in Mizhar. Razan Alzayani / The National
  • Ahmed Al Maamari, an Emirati teacher on his first day with grade three students at Al Aasimah School in Abu Dhabi. Ravindranath K / The National
    Ahmed Al Maamari, an Emirati teacher on his first day with grade three students at Al Aasimah School in Abu Dhabi. Ravindranath K / The National
  • Students attend the first day of college at the men's campus of UAE University in Al Ain. Sammy Dallal / The National
    Students attend the first day of college at the men's campus of UAE University in Al Ain. Sammy Dallal / The National

UAE teacher salaries: 400 teaching jobs on offer at schools


Anam Rizvi
  • English
  • Arabic

Related: A guide to earning potential at government and private schools

Schools across the Emirates are recruiting to fill hundreds of vacancies – with start dates ranging from next term to the next academic year.

More than 400 jobs are on offer in the country according to Tes – formerly Times Educational Supplement –- one of the largest job sites for the education sector.

In February, almost 500 teaching vacancies in the Emirates were advertised on the same site.

Major school groups in the country including Gems Education, Taaleem, Aldar, and several independent schools have advertised jobs.

What jobs are on offer?

There are several opportunities advertised for primary school teachers in Abu Dhabi, where recruiters are looking for an immediate start.

Subject teachers also have a wide variety of opportunities with jobs offered in design technology, computer science, sciences, English, economics and business studies, among others.

Some schools are looking for inclusion specialists and counsellors. Positions for school principals, vice-principals and year head positions are also on offer, but are few in number.

Gems Education has many roles advertised, from teaching music and media to performing arts and mathematics.

Foundation stage teachers can apply for an immediate opening at Gems Metropole School.

Safa British School Dubai is looking to recruit a secondary geography teacher, a secondary mathematics teacher, and a secondary business teacher, and applications need to be submitted by December 9.

  • Pupils arriving on the first day back of in-person learning at the Indian High School in Oud Metha, Dubai. Nearly 13,000 pupils went back for in-person classes across three campuses. All photos: Ruel Pableo for The National
    Pupils arriving on the first day back of in-person learning at the Indian High School in Oud Metha, Dubai. Nearly 13,000 pupils went back for in-person classes across three campuses. All photos: Ruel Pableo for The National
  • Pupils arriving on the first day of in-person learning at the Indian High School in Oud Metha, Dubai. Close to 95 per cent of these pupils were returning to in-person schooling for the first time in 18 months.
    Pupils arriving on the first day of in-person learning at the Indian High School in Oud Metha, Dubai. Close to 95 per cent of these pupils were returning to in-person schooling for the first time in 18 months.
  • Pupils arriving on the first day of in-person learning at the Indian High School in Oud Metha, Dubai. Pupils were excited to meet their friends and teachers again.
    Pupils arriving on the first day of in-person learning at the Indian High School in Oud Metha, Dubai. Pupils were excited to meet their friends and teachers again.
  • Pupils go through the proper sanitation protocol on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
    Pupils go through the proper sanitation protocol on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
  • Pupils queuing to enter their classrooms on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
    Pupils queuing to enter their classrooms on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
  • Pupils arriving in school buses on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
    Pupils arriving in school buses on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
  • Pupils queuing to enter their classrooms on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
    Pupils queuing to enter their classrooms on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
  • Pupils arriving on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
    Pupils arriving on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
  • Pupils arriving on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
    Pupils arriving on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
  • Pupils queuing to enter their classrooms on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
    Pupils queuing to enter their classrooms on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
  • Pupils queuing to enter their classrooms on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
    Pupils queuing to enter their classrooms on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
  • Teacher Usha Devi on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
    Teacher Usha Devi on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
  • Students on their first day of in-person learning at the Indian High School in Oud Metha, Dubai.
    Students on their first day of in-person learning at the Indian High School in Oud Metha, Dubai.
  • Punit MK Vasu, chief executive of the Indian High School, on the first day of in-person learning.
    Punit MK Vasu, chief executive of the Indian High School, on the first day of in-person learning.
  • Pupils listen to their teacher on their first day of in-person learning at the Indian High School in Oud Metha, Dubai.
    Pupils listen to their teacher on their first day of in-person learning at the Indian High School in Oud Metha, Dubai.
  • Priyal Babariya was one of the pupils to attend on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
    Priyal Babariya was one of the pupils to attend on the first day of in-person learning at the Indian High School in Oud Metha, Dubai.
  • Sian Shinjo, a 10th grader at the school, said: 'I am a bit nervous as everything has changed a lot. I am sure it will be safe, and the school has kept us informed.'
    Sian Shinjo, a 10th grader at the school, said: 'I am a bit nervous as everything has changed a lot. I am sure it will be safe, and the school has kept us informed.'
  • Rohi Ilyas, a mother-of-two and an entrepreneur, said her children had studied at home for 18 months.
    Rohi Ilyas, a mother-of-two and an entrepreneur, said her children had studied at home for 18 months.
  • Utkarsh Chaube, father of a 13-year-old pupil at the Indian High School, said his son spent about 10 to 12 hours in a day in front of a screen when studying remotely.
    Utkarsh Chaube, father of a 13-year-old pupil at the Indian High School, said his son spent about 10 to 12 hours in a day in front of a screen when studying remotely.
  • Pupils on their first day of in-person learning at the Indian High School.
    Pupils on their first day of in-person learning at the Indian High School.
  • Sathya Lakshmi, 15, said seeing everyone back together was the most special part of returning to in-person classes.
    Sathya Lakshmi, 15, said seeing everyone back together was the most special part of returning to in-person classes.
  • Uma Madhumohan, whose daughter Tejasvi is a 10th grader at the school, said her daughter was excited to get back to learning.
    Uma Madhumohan, whose daughter Tejasvi is a 10th grader at the school, said her daughter was excited to get back to learning.
  • 'I am on cloud nine. It’s been one-and-a-half-years since I have been on campus for in-person classes and I have missed it and my friends terribly,' said Nehan Naseem Ali, 12.
    'I am on cloud nine. It’s been one-and-a-half-years since I have been on campus for in-person classes and I have missed it and my friends terribly,' said Nehan Naseem Ali, 12.
  • Pupils back at work inside the classroom.
    Pupils back at work inside the classroom.
  • 'Having the pupils back is unbelievable. I feel ecstatic,' said Punit MK Vasu, chief executive of the Indian High School.
    'Having the pupils back is unbelievable. I feel ecstatic,' said Punit MK Vasu, chief executive of the Indian High School.
  • Indian High school
    Indian High school

Ajyal International School in Mohamed bin Zayed City is looking for a primary teacher to start in January.

Al Mamoura Academy in Abu Dhabi has a spot for a primary class teacher with a chance to become head of year.

Cranleigh Abu Dhabi also has a few positions open, including one for an Islamic and Social Studies teacher and for an Arabic teacher.

Where are the jobs?

While the majority of jobs are in Dubai, there are some listed in Abu Dhabi, Sharjah and Ras Al Khaimah.

What are the work requirements?

Common requirements include a bachelor's degree in education or subject-related degree and a PGCE / PGDE or equivalent teaching qualification.

Some American schools said experience of working in an American curriculum school would be desirable.

Some schools also ask for a minimum of one year experience after graduation.

In most cases specialists need to have proven experience in teaching the designated subjects.

Taaleem employs 1,200 teachers at 17 schools in the Emirates. All of their teachers need to be fully qualified and approved by Adek or KHDA, the private education regulators of Abu Dabi and Dubai respectively, said Kate Fisher, head of human resources at Taaleem.

"Primary school teachers need to have a qualified teaching degree while secondary school teachers need a postgraduate education degree as well as a specialised degree in the subject they teach," Ms Fisher said.

It is not necessary for teachers to have worked abroad.

UAE teacher salaries: How much can you expect to earn?

Teacher’s salaries in the UAE can vary from one school to another.

Schools have not mentioned salaries in their postings but highlighted the fact that teachers would get tax-free salaries, furnished accommodation, medical insurance and annual air tickets.

On average, teachers in the UAE can expect starting salaries between Dh9,000 ($2,450) and Dh15,000 a month.

Earlier this year, The National reported that at British and US curriculum schools, a typical salary for graduates with up to two years’ experience could be between Dh9,000 and Dh11,000 per month, with free accommodation. Those hoping to become a principal can expect to secure a salary of between Dh25,000 and Dh40,000 a month.

  • Dubai schools will end all distance learning on October 3 - ensuring pupils will return to classrooms across the city. Shruti Jain / The National
    Dubai schools will end all distance learning on October 3 - ensuring pupils will return to classrooms across the city. Shruti Jain / The National
  • At the end of the summer term 2021, just 52% of pupils were in classrooms, with the remainder studying from home. Victor Besa / The National
    At the end of the summer term 2021, just 52% of pupils were in classrooms, with the remainder studying from home. Victor Besa / The National
  • This autumn term, no pupils are required to be vaccinated to return to school and no regular testing is mandatory, the city's education regulator KHDA said. Victor Besa / The National
    This autumn term, no pupils are required to be vaccinated to return to school and no regular testing is mandatory, the city's education regulator KHDA said. Victor Besa / The National
  • Under the new KDHA rules for the autumn term of 2021, social distancing of one metre is recommended, but not mandated. Shruti Jain / The National
    Under the new KDHA rules for the autumn term of 2021, social distancing of one metre is recommended, but not mandated. Shruti Jain / The National
  • Eligible school staff who do not wish to have the vaccine must submit a negative PCR test each week, said the KHDA. Victor Besa / The National
    Eligible school staff who do not wish to have the vaccine must submit a negative PCR test each week, said the KHDA. Victor Besa / The National
  • Officials said 96% of Dubai's private school teachers were now vaccinated, and that 70% of children aged 12 to 17 had received coronavirus shots. Pawan Singh / The National
    Officials said 96% of Dubai's private school teachers were now vaccinated, and that 70% of children aged 12 to 17 had received coronavirus shots. Pawan Singh / The National
  • After-hours extra-curricular classes can now restart. Pawan Singh / The National
    After-hours extra-curricular classes can now restart. Pawan Singh / The National
  • Swimming and sports classes can restart. Pawan Singh / The National
    Swimming and sports classes can restart. Pawan Singh / The National
  • School trips, excursions and camps will now be allowed. Courtesy: GEMS
    School trips, excursions and camps will now be allowed. Courtesy: GEMS

According to Indeed and Gulf Talent recruitment sites, some lower-end private Indian curriculum schools offer between Dh3,500 and Dh6,000 a month, with no accommodation allowance.

That rises to about Dh8,000 to Dh10,000 for mid-range Indian curriculum schools and upwards of Dh13,000 a month for top-rated schools, plus accommodation.

Optimistic outlook for sector

Some UAE schools have announced that they will lift pay freezes, starting in September 2022.

Improved enrolments and an acknowledgement that schools need to retain staff are two key factors influencing plans to remove pay freezes introduced during the Covid-19 pandemic.

From next year, some teachers will receive pay increases and incremental raises that were put on hold.

Ashwin Assomull, head of LEK Consulting’s Global Education Practice, said enrolment at schools in the region and beyond were bouncing back after an initial Covid-19 impact.

"Everyone valued what schools did when people were at home during the pandemic.

"Definitely there is demand for more private school enrolments [more people seeking admission at schools] which means there is more demand for teachers, which means that salaries will adjust."

He said in many countries, such as the United States, many teachers had opted for early retirement during the pandemic, which lead to a drop in the supply of teachers and a consequent push in teacher’s pay.

"There is a strong demand for private education and there will be an increase in wages over time,” he said.

Schools looking to recruit locally

Taaleem, a school developer in the Emirates, is already looking to recruit staff for its schools in Dubai and Abu Dhabi for the academic year 2022-2023.

The education group, which runs more than a dozen schools in the Emirates, is holding a recruitment fair on Saturday, November 27 in Dubai. Teachers can apply by submitting their resumes.

"The talent pool of teachers we have in the UAE has definitely grown in the last five years, given the fact that we don’t need to recruit internationally every time for experienced teachers,” Ms Fisher said.

"The number of experienced expat teachers in the UAE is rising because of the number of new school openings we have witnessed in the past five years.

“We usually fly internationally in January and February to recruit teachers for the following year academic year, however, we wanted to reach out to teachers already in the UAE prior to international travel."

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Our legal consultant

Name: Hassan Mohsen Elhais

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

No more lice

Defining head lice

Pediculus humanus capitis are tiny wingless insects that feed on blood from the human scalp. The adult head louse is up to 3mm long, has six legs, and is tan to greyish-white in colour. The female lives up to four weeks and, once mature, can lay up to 10 eggs per day. These tiny nits firmly attach to the base of the hair shaft, get incubated by body heat and hatch in eight days or so.

Identifying lice

Lice can be identified by itching or a tickling sensation of something moving within the hair. One can confirm that a person has lice by looking closely through the hair and scalp for nits, nymphs or lice. Head lice are most frequently located behind the ears and near the neckline.

Treating lice at home

Head lice must be treated as soon as they are spotted. Start by checking everyone in the family for them, then follow these steps. Remove and wash all clothing and bedding with hot water. Apply medicine according to the label instructions. If some live lice are still found eight to 12 hours after treatment, but are moving more slowly than before, do not re-treat. Comb dead and remaining live lice out of the hair using a fine-toothed comb.
After the initial treatment, check for, comb and remove nits and lice from hair every two to three days. Soak combs and brushes in hot water for 10 minutes.Vacuum the floor and furniture, particularly where the infested person sat or lay.

Courtesy Dr Vishal Rajmal Mehta, specialist paediatrics, RAK Hospital

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

EA Sports FC 25
Representing%20UAE%20overseas
%3Cp%3E%0DIf%20Catherine%20Richards%20debuts%20for%20Wales%20in%20the%20Six%20Nations%2C%20she%20will%20be%20the%20latest%20to%20have%20made%20it%20from%20the%20UAE%20to%20the%20top%20tier%20of%20the%20international%20game%20in%20the%20oval%20ball%20codes.%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3ESeren%20Gough-Walters%20(Wales%20rugby%20league)%3C%2Fstrong%3E%0D%3Cbr%3EBorn%20in%20Dubai%2C%20raised%20in%20Sharjah%2C%20and%20once%20an%20immigration%20officer%20at%20the%20British%20Embassy%20in%20Abu%20Dhabi%2C%20she%20debuted%20for%20Wales%20in%20rugby%20league%20in%202021.%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3ESophie%20Shams%20(England%20sevens)%3C%2Fstrong%3E%0D%3Cbr%3EWith%20an%20Emirati%20father%20and%20English%20mother%2C%20Shams%20excelled%20at%20rugby%20at%20school%20in%20Dubai%2C%20and%20went%20on%20to%20represent%20England%20on%20the%20sevens%20circuit.%20%0D%3Cbr%3E%20%0D%3Cbr%3E%3Cstrong%3EFiona%20Reidy%20(Ireland)%3C%2Fstrong%3E%0D%3Cbr%3EMade%20her%20Test%20rugby%20bow%20for%20Ireland%20against%20England%20in%202015%2C%20having%20played%20for%20four%20years%20in%20the%20capital%20with%20Abu%20Dhabi%20Harlequins%20previously.%0D%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Floward%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ERiyadh%2C%20Saudi%20Arabia%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EAbdulaziz%20Al%20Loughani%20and%20Mohamed%20Al%20Arifi%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EE-commerce%0D%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%20%3C%2Fstrong%3EAbout%20%24200%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EAljazira%20Capital%2C%20Rainwater%20Partners%2C%20STV%20and%20Impact46%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E1%2C200%3C%2Fp%3E%0A
Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

The rules of the road keeping cyclists safe

Cyclists must wear a helmet, arm and knee pads

Have a white front-light and a back red-light on their bike

They must place a number plate with reflective light to the back of the bike to alert road-users

Avoid carrying weights that could cause the bike to lose balance

They must cycle on designated lanes and areas and ride safe on pavements to avoid bumping into pedestrians

Tightening the screw on rogue recruiters

The UAE overhauled the procedure to recruit housemaids and domestic workers with a law in 2017 to protect low-income labour from being exploited.

 Only recruitment companies authorised by the government are permitted as part of Tadbeer, a network of labour ministry-regulated centres.

A contract must be drawn up for domestic workers, the wages and job offer clearly stating the nature of work.

The contract stating the wages, work entailed and accommodation must be sent to the employee in their home country before they depart for the UAE.

The contract will be signed by the employer and employee when the domestic worker arrives in the UAE.

Only recruitment agencies registered with the ministry can undertake recruitment and employment applications for domestic workers.

Penalties for illegal recruitment in the UAE include fines of up to Dh100,000 and imprisonment

But agents not authorised by the government sidestep the law by illegally getting women into the country on visit visas.

How Filipinos in the UAE invest

A recent survey of 10,000 Filipino expatriates in the UAE found that 82 per cent have plans to invest, primarily in property. This is significantly higher than the 2014 poll showing only two out of 10 Filipinos planned to invest.

Fifty-five percent said they plan to invest in property, according to the poll conducted by the New Perspective Media Group, organiser of the Philippine Property and Investment Exhibition. Acquiring a franchised business or starting up a small business was preferred by 25 per cent and 15 per cent said they will invest in mutual funds. The rest said they are keen to invest in insurance (3 per cent) and gold (2 per cent).

Of the 5,500 respondents who preferred property as their primary investment, 54 per cent said they plan to make the purchase within the next year. Manila was the top location, preferred by 53 per cent.

THE BIO: Mohammed Ashiq Ali

Proudest achievement: “I came to a new country and started this shop”

Favourite TV programme: the news

Favourite place in Dubai: Al Fahidi. “They started the metro in 2009 and I didn’t take it yet.”

Family: six sons in Dubai and a daughter in Faisalabad

 

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206-cylinder%203-litre%2C%20with%20petrol%20and%20diesel%20variants%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20automatic%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20286hp%20(petrol)%2C%20249hp%20(diesel)%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E450Nm%20(petrol)%2C%20550Nm%20(diesel)%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EStarting%20at%20%2469%2C800%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
UAE currency: the story behind the money in your pockets
The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
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The specs: 2019 Haval H6

Price, base: Dh69,900

Engine: 2.0-litre turbocharged four-cylinder

Transmission: Seven-speed automatic

Power: 197hp @ 5,500rpm

Torque: 315Nm @ 2,000rpm

Fuel economy, combined: 7.0L / 100km

BULKWHIZ PROFILE

Date started: February 2017

Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)

Based: Dubai, UAE

Sector: E-commerce 

Size: 50 employees

Funding: approximately $6m

Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait

The specs: 2019 Aston Martin DBS Superleggera

Price, base: Dh1.2 million

Engine: 5.2-litre twin-turbo V12

Transmission: Eight-speed automatic

Power: 725hp @ 6,500pm

Torque: 900Nm @ 1,800rpm

Fuel economy, combined:  12.3L / 100km (estimate)

Updated: November 22, 2021, 10:02 AM