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SALARIES in Bahrain's real estate and property sector have seen a double figure increase this year, a survey has revealed.
The second Middle East Salary Survey conducted by Macdonald & Company reported a combined increase of 14.2 per cent for the two sectors.
It highlighted an average rise of 13.2 per cent in salaries across all disciplines in the Middle East real estate sector.
The survey further reported that the average total monthly remuneration (basic, housing and transport allowances) of professionals in the property sector had risen by 10.7 per cent since last year, to reach BD3,918.
A total of 1,033 property professionals responded to the online questionnaire.
The results indicated that one in three participants began working in the region within the last two years, and fewer than 40 per cent had worked in the area for five years or more.
Sixty per cent of the respondents had actually had between two and five different jobs since arriving in the Middle East.
More than 71 per cent of the respondents anticipated an increase in economic activity over the next year.
In comparison, when the same question was asked by Macdonald & Company for its European Salary Survey, only 39 per cent responded with positive expectations, while 31 per cent of the UK Salary Survey subjects were optimistic of the following year's economic prospects.
The company's international director Matthew Taylor said this illustrated that property professionals in the region had real confidence in their market, and the Middle East is the global real estate market to work in at present.
"This salary survey is a representation of the company's unique position to provide new and transparent information to both employers and employees across the Middle East real estate industry," he said.
"Macdonald & Company will be placing a considerable emphasis on developing business in Bahrain, Qatar, Kuwait and specifically Saudi Arabia over the next year and we hope to have a similar increase in participation, particularly from the non-UAE countries."
Mr Taylor said the high number of new applicants participating in the survey proved that the Middle East remained a very attractive destination.
