Expatriates working in the highest paid jobs in the United Arab Emirates (UAE) earn more than nationals and those in many other states in the Middle East, a new survey has confirmed.
According to the study carried out by Gulf Business magazine, managing directors and chief executives of multinational firms based in the UAE earn the most.
They can expect an average monthly salary of £20,860, although an Arab worker will be paid three per cent less and an Asian employee as much as 13 per cent less.
While expats carrying out the same jobs for local companies will receive an average of £15,300.
The third highest monthly salary is handed out to treasury managers employed by banks, who have an average wage of £8,130.
Only chief executive officers working in Qatar and Saudi Arabia have larger salaries than western expats with the best jobs in the UAE.
A whopping £23,700 a month is the highest wage paid in the Middle East and goes to those at the top of firms in Qatar.
Such salaries remain high despite the fact that many of those working in the state say that pay increases have been few and far between in the past 12 months.
One sector where they have gone up by eight per cent on the other hand is banking, which may be due to the fact that the UAE remained unscathed during the Arab Spring and many wealthy people moved their assets there as a safe haven.
Expats enjoy the way of life in the UAE, as inflation is low and the rental property market in a good position.
Add to this the high standard of living and political stability, along with a multi-cultural society and it is easy to see why foreigners chose this part of the world to relocate to.
Due to this, companies looking for the top talent find it easy to attract and keep hold of it, thus sustaining the expat community.