Dubai 5 plate goes for Dhs33m
The number of university students planning to stay in the UAE after graduating has risen sharply, according to a major annual study.
In a poll of almost 1,000 students, global HR and management firm Aon Hewitt found 69 per cent intend to stay on – up from 50 per cent just three years ago.
Despite the high cost of living in cities like Dubai, students said they were attracted by the strong job market and the possibility of running their own business.
The intention to stay on is a broader trend for expats, rising from five years to seven years on average since 2011, according to some estimates.
Elias Dib, a Partner at Aon Hewitt Middle East, said: “Compared to the rest of the world, Dubai offers a lot of opportunity for the region and for global talent. It’s a free-market, it’s a hub for regional offices, it’s a multi-cultural melting pot of different nationalities and cultures that blend perfectly.”
The findings were broken down by nationality, including residential expats, Emiratis and those who moved to the UAE to study.
The poll found 54 per cent of Emirati students were willing to compromise on pay to be hired by their ideal employee, in contrast to residential expats on 34 per cent.
They were also more likely to compromise on work/life balance – 40 per cent vs 29 per cent for expats. But the vast majority were unwilling to travel abroad for work – just 14 per cent were – compared to expats on 38 per cent and 41 per cent of visiting students.
One in four Emirati students expressed an interest in becoming entrepreneurs and starting Work on Dubai Parks & Resorts bridges is now complete. The bridges are scheduled to open when the Dubai Parks project begins welcoming visitors at the end of October 2016. Costing Dhs250 million, the project included entry and exit points linking Dubai Parks with Sheikh Zayed Road in the direction from Abu Dhabi to Dubai. The work included construction of a threelane bridge stretching 1,500 m as a main entry on the Sheikh Zayed Road for vehicles a business, while a further 17 per cent of Emiratis wanted to work for the public sector in this wave of the study – compared to 53 percent in the last Aon Hewitt study. Dib said the reason was “over-saturation” of the government sector and the high rate of success stories for entrepreneurs in Dubai. He said: “None of the students graduating are aiming for government jobs. We’ve seen quite a large number of students who’d like to be entrepreneurs. Those students have seen many people grow their own businesses.” coming from Dubai heading to Dubai Parks. It also included the construction of a twolane bridge stretching 1,000 m as a main exit on Sheikh Zayed Road from Dubai Parks in the direction of Abu Dhabi. The project also comprised roads within Dubai Parks linked with the Sheikh Zayed Road and Sheikh Mohammed bin Zayed Road, extending about 16 kms. The Dubai Parks & Resorts project comprises Motiongate Dubai, Bollywood Parks Dubai, and LEGOLAND Dubai. Collectors shelled out tens of millions of dirhams for rare and one-digit number plates in an auction held by the Dubai Roads and Transport Authority last night. Among the most sought-after items at the energetic JW Marriott Marquis Hotel event was the Dubai plate D 5 – which went for a staggering Dhs33 million. Winning bidder Balvinder Sahni, an Arabicspeaking Indian businessman based in Dubai, told 7DAYS: “I’ll put it on one of my Rolls-Royces, the black one. “I love number plates, it’s my hobby to collect them.” A total of 80 number plates went under the hammer, with Dubai plate number P 27 going for Dhs2.14 million and Q 77 selling for Dhs4.52 million. Student Khalifa Lakhraim, 21, the highest bidder for the S 911 plate – said it was for a Porsche that he hasn’t even bought yet. He said: “I have to buy one first. It’s a trend now - everyone drives around with nice number plates on fancy cars.” The proceeds from last night’s auction will go to RTA projects. Ahmed Bahrozyam, CEO of the RTA’s Licensing Agency, said: “We will invest it in all our projects in Dubai.”