LinkedIn platform revealed that the UAE recorded a 21.5% increase in employment rates in the real estate sector and equipment rental services in June compared to the same period in 2023, and a 35% increase compared to June 2022.
The platform noted that this strong growth coincides with the major wave of new real estate projects being launched across the Emirates, especially in Dubai.
Since the beginning of this year, the UAE has seen record levels of new real estate project launches, particularly in Dubai, which saw the launch of more than 77,000 new residential units in the first 7 months, alongside 107,000 units launched during 2023, according to the UAE newspaper Al-Bayan.
New project launches can be a good indicator for predicting changes in job demand in these sectors.
The increase in job demand in the real estate sector and the equipment rental sector is linked to the launch of new real estate projects. When new projects are announced, there is a need for a wide range of skills and services to support these projects at various stages, from planning and design to construction and operation.
In the real estate sector, there may be an increased need for architects, civil engineers, planners, and sales and marketing officials. In addition, the equipment rental sector is experiencing increasing demand for heavy machinery used in construction such as cranes, excavators, and trucks.
This interconnection reflects the dynamic nature of the market, as both sectors adapt to the requirements of new projects.
