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Middle East Real Estate Salaries
From our data, Salaries in the Middle East have unfortunately been hit the hardest, and both Real Estate and Construction professionals will likely see another tough year. Pay cuts have been felt across the board and it is unlikely that employers will be in a hurry to hike salaries back to 2019 levels.
Some of the master developers have already consolidated that further cuts are probable, especially at the senior level.
In contrast, other GCC countries and Saudi Arabia have seen limited fluctuations mainly based on fewer professional talent pools and/or being lesser desirable locations. We expect to see continued demand for development and investment professionals in Saudi over 2021, whilst base salaries, by and large, remaining the same.
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