Tuesday 24 April 2018

Real estate sectors top in UAE job opportunities

Dubai, June 18, 2014

The top three sectors for employment in the UAE are engineering, construction and real estate which recorded a 10 per cent growth year-on-year, primarily due to the demand for property in the country, said a report.
The UAE recorded a positive eight per cent year-on-year growth this month after almost 14 months of slump, the Emirates 24/7 report said referring to the latest Monster Employment Index Gulf.
Regionally, online job availability improved in five of the seven countries that Monster tracks.
Kuwait saw the most notable growth in demand, up 36 per cent year-on-year. However, online recruitment activity eased six per cent on the month.
Oman also recorded a four per cent positive growth following low levels the previous two months, while Saudi Arabia and Bahrain were the only two countries to record negative growth, down six per cent and 12 per cent respectively, said the report.
The Monster Employment Index is a monthly gauge of online job posting activity in the Middle East based on real time review of thousands of employer job opportunities from career web sites and online job listings.
Eight of the 13 monitored industry sectors exhibited improved year-on-year trends, said the report.
The banking, financial services and insurance sector led all industry sectors exhibiting a 28 per cent growth despite a four percentage points moderation in pace of growth between April and May. However, online recruitment activity in the sector was lower than that observed six months ago, it said.
Healthcare, up 26 per cent ranked second in the long term growth chart; engineering, construction and real estate saw the first negative annual growth since June last year; and production/manufacturing, automotive and ancillary was down 15 per cent, while oil also slipped by five per cent.
Online vacancies went up in nine of the eleven occupation groups monitored by the index. Marketing and communications/art/creative professionals went up 49 per cent, followed by hospitality and travel personnel, and finance and accounts professionals.

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