Salaries in real estate sector likely to stay stable in 2016


Ritika Sharma / Emirates Business

Despite the volatility in the market, real estate industry salaries are expected to remain stable in the coming months of 2016. A GCC-centric survey has revealed this.
The average monthly salaries for the Middle East real estate sector in the region are projected to hover around an average of AED44,392, with annual bonuses averaging AED84,498, according to Macdonald and Company’s 9th salary and attitudes survey for property and real estate sector in the Middle East.
“There is sound reason for optimism for the Dubai economy in particular, which has a strong fundamental base and an excellent track record for delivering high quality hospitality and retail projects.
In the Real Estate sector, major government funded projects such as the Creek Extension, Bluewaters and Dubai Parks & Resorts will remain on track and boost the economy,” said Ben Waddilove, MRICS, Director, Macdonald and Company.

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