The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
"Inflation in the region is currently very low and understandably that is dominating the news now, but if the experts are correct then prices will start to rise again next year and this will eat in to the salary increases seen by staff in the region," said Steven Kilfedder, production manager at ECA International.
According to ECA International, Asian nations lead the way again for real salary increases, globally with 13 out of the top 20 increases being seen in Asian nations, and all of the top five. ECA forecasts biggest real salary increase will be witnessed in India at 5.4 per cent followed by Vietnam (5.1 per cent), Indonesia (4.6 per cent), Cambodia (4.2 per cent) and Thailand (4.1 per cent).
It will be a very different story for their neighbours Pakistan in 2020 though, who are the only Asia-Pacific nation predicted to see a decrease in their real salary.
The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
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