Demand for property management professionals within the regional real estate sector is to rise in 2009, according to Macdonald & Company, the leading recruitment consultancy focusing solely on the property industry. The company announced that it will be launching the ‘Salary, Rewards and Attitudes Survey 2009’ for the Middle East real estate sector at the upcoming ‘Cityscape Dubai 2009’. Designed to give both employers and employees a transparent overview of the current job market within the Middle East real estate sector, the study will focus on the correction of salaries and packages in the past 12 months, how redundancies have affected professionals and the talent redistribution witnessed across the region.
"The last 12-18 months has driven speculators away and financing (for developers and investors) is much harder to come by. This will ensure that developments (particularly residential) will be geared more towards the end user in the future," say Macdonald & Company. They add, "Lots of developers are now nearing completion on their flagship projects and are looking for specific skills-sets to help them manage their completed buildings in an efficient and cost effective way."
As part of its longstanding partnership with the Royal Institution of Chartered Surveyors (RICS) and Cityscapeintelligence.com (CI), the survey will be conducted in cooperation with the two bodies to ensure industry-wide participation and accurate, thorough results. The 2009 survey will also be available in the Arabic language, in line with the company’s commitment to give the study a more regional profile.
"In global terms, the Middle East is a very progressive region economically, but the real estate market is still emerging and is therefore bound to face some difficult times along the way. Our goal is to help companies make informed decisions with regard to their most important investments, their employees. In addition, our partnership with Cityscape Dubai, which is regarded as the most important real estate event, for the yearly launch of our survey underlines the credibility of our study. We are expecting around 2,000 responses this year and with our Arabic questionnaire we would hope for better representation from GCC locations outside of the UAE. We encourage property professionals across the region to go online and complete the five-minute survey,” concluded William Buck, International Director, Macdonald & Company."
The survey can be accessed at www.macdonaldandcompany.ae