By : Shabbir Kagalwala
Having grown from a sleepy fishing town of around 6000 people to a bustling modern metropolis today, Dubai completely transformed itself over a period roughly between 40 to 50 years. Though it received a big push in the growth area from petro-dollars initially, Dubai realised that it could not depend upon this income forever. Testimony to this is the fact that today, the oil income forms roughly between 3 to 5 percent of it's total. The first boom came in when oil was newly discovered in the United Arab Emirates. Infrastructure related to oil drilling, exploration, and transportation of oil was created in The entire country, including Dubai. For this, experienced skilled and unskilled labour was required. Since the UAE itself had none of these, they opened their doors for workers from across the world. Taking advantage of this, workers from countries across the world came to work here. Not only were they paid more in comparison to their home countries, but, in some cases, the exchange value between the currencies was a great motivating factor. This helped the economy of UAE develop, and, everybody, including the Emiratis prospered.
Money liquidity created demand for all sorts of goods and services which were imported for distribution here. To take advantage of this business boom a lot of entrepreneurs set up businesses here from across the world. To establish a business in UAE, required an Emirati as a partner. This influx increased demand for more products and services like education, healthcare, housing, food, etc. The government ensured that all products and services offered here adhered to strict quality standards. To take advantage of this boom now, companies from across the world set up shop here. This made sense as more competition meant lower margins, which were offset by bulk sales. This was a turning point in the GOLD rush for Jobs Opportunities in Dubai.
Big, large projects were announced in the office, residential, commercial spaces due to entire townships being erected like the Dubai International Finance Center, Dubai Internet City, Dubai Media City, Dubai Sports City, Dubai Healthcare City etc. The number of schools, colleges, hospitals and Nursing homes too grew in a frenzy to cater to the population of not only Dubai or UAE, but that of the entire Middle East and North African (MENA) region. In fact, these are now also attracting the nationals of the countries of the erstwile Soviet Union.
The global financial meltdown of 2008 hit UAE very hard. It experienced a crash in it's real estate sector like never before. Business was hit very hard. Almost every company announced major layoffs and no plans to recruit afresh for a big period of time. Many foriegners working here left for good. The Construction industry, that had been a strong engine of growth for Dubai had had it's brakes jammed hard. However, all this did more good than bad. All the dead weeds of the economy got pulled out. The economy is back on track and starting to grow too. But it is now more efficient than ever before. Excellent Jobs Opportunities in Dubai are coming up now, but strictly for the deserving candidate only. Dubai now wants the best of the best. Their strategy is to attract high quality talent with top of the line salaries and perks.
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Having grown from a sleepy fishing town of around 6000 people to a bustling modern metropolis today, Dubai completely transformed itself over a period roughly between 40 to 50 years. Though it received a big push in the growth area from petro-dollars initially, Dubai realised that it could not depend upon this income forever. Testimony to this is the fact that today, the oil income forms roughly between 3 to 5 percent of it's total. The first boom came in when oil was newly discovered in the United Arab Emirates. Infrastructure related to oil drilling, exploration, and transportation of oil was created in The entire country, including Dubai. For this, experienced skilled and unskilled labour was required. Since the UAE itself had none of these, they opened their doors for workers from across the world. Taking advantage of this, workers from countries across the world came to work here. Not only were they paid more in comparison to their home countries, but, in some cases, the exchange value between the currencies was a great motivating factor. This helped the economy of UAE develop, and, everybody, including the Emiratis prospered.
Money liquidity created demand for all sorts of goods and services which were imported for distribution here. To take advantage of this business boom a lot of entrepreneurs set up businesses here from across the world. To establish a business in UAE, required an Emirati as a partner. This influx increased demand for more products and services like education, healthcare, housing, food, etc. The government ensured that all products and services offered here adhered to strict quality standards. To take advantage of this boom now, companies from across the world set up shop here. This made sense as more competition meant lower margins, which were offset by bulk sales. This was a turning point in the GOLD rush for Jobs Opportunities in Dubai.
Big, large projects were announced in the office, residential, commercial spaces due to entire townships being erected like the Dubai International Finance Center, Dubai Internet City, Dubai Media City, Dubai Sports City, Dubai Healthcare City etc. The number of schools, colleges, hospitals and Nursing homes too grew in a frenzy to cater to the population of not only Dubai or UAE, but that of the entire Middle East and North African (MENA) region. In fact, these are now also attracting the nationals of the countries of the erstwile Soviet Union.
The global financial meltdown of 2008 hit UAE very hard. It experienced a crash in it's real estate sector like never before. Business was hit very hard. Almost every company announced major layoffs and no plans to recruit afresh for a big period of time. Many foriegners working here left for good. The Construction industry, that had been a strong engine of growth for Dubai had had it's brakes jammed hard. However, all this did more good than bad. All the dead weeds of the economy got pulled out. The economy is back on track and starting to grow too. But it is now more efficient than ever before. Excellent Jobs Opportunities in Dubai are coming up now, but strictly for the deserving candidate only. Dubai now wants the best of the best. Their strategy is to attract high quality talent with top of the line salaries and perks.
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