Dubai: According to recent research, software developers in Dubai make the third-highest salary in the world when compared to other major global tech hubs like London, Berlin, and Amsterdam. According to the consultant Mercer, these specialists, who have at least three years of experience, earn 30% more than their counterparts abroad. The tech sector is luring newcomers to the nation and city as a result of the recent modifications to visa regulations and the emphasis placed on attracting global talent. This includes cloud computing, data centers, and fintech. Dubai’s cost of living remains significantly lower than most tech-hubs, including London’s (7th), Singapore’s (8th), New York’s (11st), San Francisco’s (19th), and Amsterdam’s (25th)”.
Keeping living expenses under control
There are two reasons why Dubai is currently positioned as a more cheap place to work in. According to the survey, “with the rise of remote and flexible work globally, approximately 60% of UAE firms provide flexible working, greatly lowering employees’ transportation expenditures.” When compared to other innovation hotspots like London, New York, and Berlin, Dubai continues to have the lowest average costs for employees who commute to work by automobile.
Additionally, despite recent rises, the cost of renting still compares well to that of other locations around the world where IT talent is more likely to reside. According to the survey, comparable accommodations cost twice as much in London and New York and 50% more in Singapore. The cost of public transportation is also less expensive in Dubai than in London and New York, which are far more expensive than Dubai at 152% and 67%, respectively.
The demand for IT talent, in particular, will continue to expand in the UAE given the country’s drive to be a global center of the digital economy. Above all, a major draw for tech talent is the chance to earn far more money than they would in other innovation centers with greater transportation and housing costs.
While inflation and rising fuel prices are putting pressure on the cost of living across the board, Dubai is constructing a nurturing and highly competitive tech ecosystem that pays extremely competitive salaries, creating an atmosphere that promises to attract and keep the best people worldwide.