Dubai, UAE — A private developer in Dubai announced on Wednesday that it has awarded a Dh150 million bonus to its employees who were not covered under the company’s existing incentive programmes.
The bonus, distributed in December 2024, aimed to recognize the hard work and dedication of employees across multiple departments.
Ravi Menon, Chairman of Sobha Group, stated that the bonus was a gesture of appreciation for the exceptional individuals who contributed significantly to the growth and success of the company over the past year.
“This special bonus is our way of expressing gratitude for the resilience our employees have shown, especially pushing boundaries in the past year and making a meaningful difference,” Menon said.
He emphasized that the company’s employees have played a key role in driving the firm forward, helping it overcome challenges and reach new milestones.
The distribution of the Dh150 million bonus was intended to reward those who made significant contributions in areas such as operations, construction, and project management, among other departments.
This initiative aligns with the company’s goal of fostering a culture of appreciation and motivation, especially for employees who may not have been eligible for other incentive schemes.
The move also comes as a timely support for workers facing the rising cost of living in the UAE. The UAE’s economy has experienced notable inflationary pressures in recent years, with increased costs of goods and services affecting residents across various sectors.
In this context, the financial reward aims to provide some relief for employees navigating these economic challenges.
The company’s bonus announcement follows a broader trend of organizations in the Middle East and North Africa (MENA) region offering monetary benefits to retain top talent and ensure employee satisfaction.
According to a recent survey by Bayt.com, around 77 percent of employees in the region receive some form of monetary benefits, including bonuses and overtime pay.
However, the survey also found that men are more likely to access these financial perks, while women tend to benefit more from policies that focus on work-life balance.
With this bonus, Sobha Group reaffirms its commitment to rewarding employees for their ongoing contributions and for adapting to the demands of an evolving market.
The gesture also helps maintain employee morale as the company continues to expand its operations and enhance its market position in the UAE.
In addition to financial rewards, many companies in the UAE are enhancing their policies to improve work-life balance, which has become increasingly important to the workforce.
As businesses focus on creating a supportive environment, employee satisfaction remains a crucial element in retaining talent and driving long-term growth.
As for Sobha Group, the Dh150 million bonus not only serves as a reward but also as a motivator for employees to continue their hard work and passion in the years ahead.
The company remains committed to recognizing and nurturing its workforce, reinforcing the connection between employee success and organizational growth.
This article was created using automation technology and was thoroughly edited and fact-checked by one of our editorial staff members