Allowances in UAE Banking Sector

Abrahamic Family House - Abu Dhabi

Several types of allowances are common in UAE Banking Sector:

However please note that values vary by role seniority, employer, and negotiation—senior executives (e.g., MDs) get higher amounts.

• Housing Allowance: Covers rent or accommodation; often the largest perk, paid monthly or annually.

  
  

• Transportation Allowance: For commuting, fuel, car purchase/maintenance, or company vehicle. Common in traffic-heavy Dubai; some banks offer chauffeurs or car loans for executives.

  
  

• Medical Insurance: Comprehensive health coverage for employee and family (including dental/vision). Mandatory

  
  

• Education/Schooling Allowance: Tuition support for children's international schools (up to 2–4 kids).

  
  

• Annual Performance Bonus: Discretionary or target-based. Tied to profits/KPIs; strong in investment banking

  
  

• End-of-Service Gratuity: Lump-sum payout upon exit. Legal requirement; banking sector emphasizes this for long-term retention.

  
  

• Relocation Allowance: One-time support for moving, flights, and settling (including temporary housing). Standard for international hires; covers shipping and visa costs.

  
  

• Airfare/Travel Allowance: Annual home leave tickets for employee and family. Typically 1–2 round trips; common in global banks for work-life balance.

  
  

• Other (e.g., Mobile/Phone, Club Memberships): Communication, fitness, or leisure perks.