Dubai – Optimism about job prospects and personal finances remains strong among Dubai residents as 80 per cent of them are sanguine about the employment situation over the next 12 months, revealed a new survey released on Monday.
The Consumer Confidence Index (CCI) released by Dubai Economy showed that 52 per cent of Emiratis and 32 per cent of expatriates see “excellent” job prospects for the next 12 months. While 43 per cent of the expats term the prospects “good.”
In general, the chances of finding a job were “excellent” for 38 per cent, and “good” for 42 per cent in Q3 2019, matching perceptions shared in Q2 2019.
Survey results showed that 78 per cent of residents see their personal finances positives during 2020.
The Consumer Confidence Index (CCI) score in Dubai for the July-September 2019 period was at 137, indicating a high level of optimism and brighter outlook.
The high level of optimism is driven by the upcoming Expo 2020 exhibition which is projected to give massive boost to travel and tourism, hospitality, trade and retail sectors. It is estimated that a thousands of part-time and full-time jobs will come up ahead of the mega event, which will begin from October 10, 2020.
Dubai has also predicted a real GDP growth of 2.1 per cent for 2019 and higher growth of 3.2 per cent for 2020 and three per cent in 2021.
According to survey results, Emiratis appear to be more optimistic with 32 per cent terming the overall situation as “excellent” compared to…