Increase In Demand For Property Management Professionals In Middle East

As per a leading recruitment consultancy Macdonald & Company in the year 2009 the demand for property management professionals within the regional real estate sector is expected to rise. This is the leading firm in the domain which focuses completely on the property industry. This year’s property sector study is especially designed in order to give a transparent view of the current market scenario for jobs within the Middle Estate real estate sector and the talent redistribution observed across the region. The focus will be on correction of salaries and packages in the past 12 months. The company has announced that they will be launching Rewards, Attitudes and Salary at the forthcoming Cityscape Dubai 2009.

It is said that in future the residential developments will be geared more towards the end user. There are current projects going on with many developers in the UAE and the developments are now on the verge of completion. Moreover, the developers are now looking for special skills-sets which will help them in managing their completed buildings in a cost-effective manner. There are various specialized departments including property management, facilities and asset which are likely to get expanded. Furthermore, as the market becomes more competitive, the office agency and leasing teams will be more in demand.

The International Director, Matthew Taylor, Macdonald & Company said: “As the Middle East real estate market continues to evolve at an astonishing pace, our main objective is to give both employers and employees an indication of where things stand now. The fact that salaries have seen an average increase of 12% last year and 14.2% in 2007 - is directly related to the exponential growth witnessed in the region’s real estate sector over the last few years. Therefore, due to the global economic situation and the correction in property market, it is fair to say that we are likely to see a decrease in average salaries this year.”