A Real Estate Agent in Dubai earns roughly 18,600 AED per month on average. Salaries range from 9,100 AED to 29,000 AED (lowest to highest) (highest).
This is the monthly average pay, which includes housing, transportation, and other benefits. Salary for real estate agents varies greatly depending on experience, abilities, gender, and location. A full breakdown based on a variety of parameters may be found below.
The Salary Range:
In Dubai, real estate agent wages range from 9,100 AED per month (minimum) to 29,000 AED per month (highest) (maximum salary).
The median monthly pay for Real Estate Agents is 18,900 AED, which implies that half of those employed as Real Estate Agents make less than 18,900 AED and the other half earn more. The middle wage value is represented by the median. In general, you want to be on the right side of the graph, in the group that earns more than the median wage.
Two values are closely related to the median: the 25th and 75th percentiles. According to the wage distribution graph, 25% of Real Estate Agents earn less than 12,600 AED, while 75% earn more than 12,600 AED. According to the graph, 75 percent of Real Estate Agents earn less than 24,400 AED, while 25 percent earn more than 24,400 AED.
Salary Comparisons by Years of Experience:
The most essential criterion in deciding a wage is the amount of experience. Naturally, the more years of experience you have, the more money you will earn. This is what we discovered after breaking down Real Estate Agent salaries by level of experience. A month’s salary for a Real Estate Agent with less than two years of experience is roughly 10,800 AED.
Someone with two to five years of experience may expect to make 13,900 AED per month, which is 29% more than someone with less than two years of experience. Moving forward, someone with five to ten years of experience earns 19,100 AED per month, which is 38% more than someone with two to five years of experience.
By the time a person has accumulated 10 years* of experience, their compensation has doubled on average.
Based on the average income fluctuation over time. Salary ranges change from one person to the next. Additionally, Real Estate Agents with ten to fifteen years of experience earn a compensation of 23,700 AED per month, which is 24% higher than someone with five to ten years of experience. If you have fifteen to twenty years of experience, you can expect to earn 25,400 AED per month, which is 7% higher than someone with ten to fifteen years of experience. Finally, personnel with more than twenty years of experience earn 27,100 AED a month, which is 7% more than those with fifteen to twenty years of experience.
Salary Comparison by Education:
We all know that a higher education translates to a higher salary, but how much more money can you earn with a degree? To provide a comparison, we broke down Real Estate Agent wages by education level. The average monthly pay of a Real Estate Agent with a High School education is 13,900 AED.
A person with a Certificate or Diploma earns 19,800 AED a month, which is 43% more than someone with a High School diploma. A Bachelor’s Degree earns its holder an average monthly salary of 27,400 AED, which is 38% higher than a Certificate or Diploma.
Salary Comparison by Gender:
Despite the fact that gender should have no bearing on salary, it does. So, who makes more money, men or women? Employees working as Real Estate Agents in the United Arab Emirates earn on average 7% more than their female counterparts.
Bonus and Incentives:
Due to the relatively limited engagement in direct revenue creation, a Real Estate Agent is considered a high bonus-based employment, with exceptions. Those that receive the largest incentives are frequently involved in the revenue creation cycle in some way. In the preceding year, 19% of polled employees indicated they had received no bonuses or incentives, while 81 percent stated they had gotten at least one sort of monetary compensation. Bonuses ranged from 5% to 9% of a person’s annual pay, according to those who received them.
Average Hourly Wage of a Real Estate Agent in Dubai:
In Dubai, the average hourly rate (pay per hour) is 110 AED. This means that for every hour worked, the average Real Estate Agent in Dubai makes around 110 AED.
Annual Salary Equals Hourly Wage (52 x 5 x 8)
The hourly pay is the amount of money earned in one hour of labor. Jobs are typically divided into two categories: salaried and hourly. Salaried positions offer a set salary regardless of the number of hours performed. Hourly jobs pay per hour worked. The above formula is used to convert a salary into an hourly pay (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly salary computation may fluctuate slightly depending on the number of weeks worked and the number of hours performed every week. Depending on the number of hours worked per week and the annual vacation allowance, the hourly wage computation may fluctuate slightly. The statistics above are fair approximations and are regarded the industry standard. Overtime eligibility is a significant distinction between salaried and hourly employees. In contrast to hourly compensated employees, salaried personnel are frequently exempt from overtime.