October 7, 2008
For those property professionals in the hardest hit markets such as the US, Spain, and, dare I say it, the UK next year, should take note of a recent survey in the Middle East. The average monthly salary (basic, housing and transport allowances) of professionals in the property sector has risen by 10.7 per cent since 2007, to reach Dh39,181, ($10,000) according to the second “Middle East Salary Survey” for the property segment.
Macdonald & Company partnered with the Royal Institution of Chartered Surveyors and Cityscape Market Intelligence Service to conduct the study on trends in the real estate market. More that one thousand property professionals responded to this year’s online questionnaire, which is a 21.5% increase from last year.
