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Real estate execs earn average of over $12,000

25.04.2015
Real estate execs earn average of over $12,000
>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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Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management