Real estate execs earn average of over $12,000

25.04.2015
>According to Macdonald & Company, the survey revealed a pre-Expo 2020 "lull", with a number of the major real estate consultancies adopting a more cautious and realistic tone.

The average base salary of regional real estate professionals this year is AED44,559 per month ($12,131) compared to the AED40,641 per month figure posted in 2014, a new survey revealed on Tuesday.

Macdonald & Company, a property recruitment specialist, announced the figures in its annual Middle East Rewards and Attitudes survey, Arabian Business said.

According to Macdonald & Company, the survey, which polled more than 1,100 individuals, revealed a pre-Expo 2020 "lull", with a number of the major real estate consultancies adopting a more cautious and realistic tone.

The survey also revealed that 41% of participants received a base salary increase while 55% are expecting an improvement in economic activity.

"The survey reveals that the UAE's real estate sector is currently experiencing an interesting employment market," said Ben Waddilove, director, Macdonald & Company. "Following the Expo 2020 win in late 2013, the expected surge in real estate prices and transactional activity never fully materialised."

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