Emirates has to do something to attract pilots to come to the sand. Unofficially there was 21 pilots to resign in June. I don't know if that is 21 that have left the company or 21 that turned in their papers in June either way it is to much for a growing airline.
One would have to be a fool to join on the A330 fleet and that is where they are the most short.
Although I am very surprised about the rise for housing and education it does not come close to keeping up with the rise in the last three years.
Emirates will have to seriously consider a mid year pay raise to attract qualified pilots. In that time frame inflation will be another 4%-5% higher and the qualified pilot pool will be pretty close to empty then.