According to a recent property industry survey by Macdonald & Company, a leading recruitment consultancy, the salaries in the real estate sector in Middle East are on the higher-side, and have increased a solid 22 percent in certain cases, depending on the profession.
The salary survey points marked by company, revealed an overall increase in the real estate sector, with a 14.5 percent hike in real estate consultancies, 15.9 percent hike in financial services and 22.1 percent in contracting sectors.
The survey indicated an average increase by 14.2 percent in salaries across all discipline in the Middle East property sector. Also more than 94 percent of employees in the Middle East is said to have received a minimum of one additional benefit.
As for the incentives, Health Insurance was the most popular incentive among respondents (80%), followed by flights and travel expenses (63%), and performance-associated incentive (50%) of the respondents.
It was noticed that job-satisfaction in GCC was higher than that in other regions across the world, with most of the respondents citing they were ‘fairly satisfied’ with their jobs.
The reasons cited by the employees for switching jobs was better salary (74%), better career prospects (68%) and better package (47%).
This survey reflects the boom in real estate sector pertaining to property professionals in the Middle East. Posted on 21/10/2007
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