HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Brokerage Average Salary in Saudi Arabia 2024

How much money does a person working as Brokerage make in Saudi Arabia?


Average Monthly Salary
12,600 SAR
( 152,000 SAR yearly)

LOW
5,940
SAR
AVERAGE
12,600
SAR
HIGH
20,000
SAR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Brokerage in Saudi Arabia typically earns around 12,600 SAR. Salaries range from 5,940 SAR (lowest) to 20,000 SAR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Brokerage salaries in Saudi Arabia vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Brokerage Pay Scale and Salaries in Saudi Arabia

Median and salary distribution Saudi Arabia Brokerage monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/saudi-arabia/real-estate/brokerage/median-and-salary-distribution-monthly-saudi-arabia-brokerage.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
11,900 SAR or more
10% of people earn
10,500 to 11,900 SAR
20% of people earn
7,280 SAR or less
65% of people earn
7,280 to 10,500 SAR
Minimum Salary
5,940 SAR
Median
12,000 SAR
Maximum
20,000 SAR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Brokerage in Saudi Arabia range from 5,940 SAR (starting salary) to 20,000 SAR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 12,000 SAR, half of the professionals who work as Brokerage in Saudi Arabia earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Brokerage in Saudi Arabia earn less than 9,710 SAR, while 75% earn more. Similarly, the chart shows that 75% earn less than 13,800 SAR while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Brokerage in Saudi Arabia compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 7,280 SAR to 10,500 SAR. About 20% of salaries are below the 7,280 SAR mark, while 10% fall within the range of 10,500 SAR to 11,900 SAR. Only 5% of individuals have salaries exceeding 11,900 SAR.

Salary Comparison by Years of Experience / Brokerage / Saudi Arabia

How do experience and age affect pay?

0 - 2 Years
6,860 SAR
2 - 5 Years+38%
9,450 SAR
5 - 10 Years+42%
13,500 SAR
10 - 15 Years+22%
16,400 SAR
15 - 20 Years+6%
17,300 SAR
20+ Years+9%
18,900 SAR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Saudi Arabia Brokerage
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/saudi-arabia/real-estate/brokerage/salary-comparison-by-years-of-experience-monthly-saudi-arabia-brokerage.jpg

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Brokerage and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 6,860 SAR.

While someone with an experience level between two and five years is expected to earn 9,450 SAR, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 13,500 SAR, 42% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 16,400 SAR, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 17,300 SAR, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 18,900 SAR, 9% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Salary Comparison By Education / Brokerage / Saudi Arabia

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Brokerage.

High School
8,190 SAR
Certificate or Diploma+51%
12,400 SAR
Bachelor's Degree+50%
18,600 SAR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Saudi Arabia Brokerage
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/saudi-arabia/real-estate/brokerage/salary-comparison-by-education-level-monthly-saudi-arabia-brokerage.jpg

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Brokerage in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 8,190 SAR.


Level 2: Certificate or Diploma

At this level, the average salary becomes 12,400 SAR, 51% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 18,600 SAR, 50% more than the previous level.



Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Salary and Compensation Comparison By Gender / Brokerage / Saudi Arabia

Salary comparison by gender Saudi Arabia Brokerage monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/saudi-arabia/real-estate/brokerage/salary-comparison-by-gender-monthly-saudi-arabia-brokerage.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Brokerage in Saudi Arabia, the average difference between the salary of male and female employees is 13%.

Male
13,500 SAR
Female-12%
11,900 SAR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Saudi Arabia for all Careers

Salary comparison by gender monthly Saudi Arabia
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/saudi-arabia/salary-comparison-by-gender-monthly-saudi-arabia.jpg


Average Annual Salary Increment Percentage / Brokerage / Saudi Arabia

How much are annual salary increments in Saudi Arabia for individuals working as Brokerage? How often do employees get salary raises?

Individuals working as Brokerage in Saudi Arabia are likely to observe a salary increase of approximately 10% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Saudi Arabia Brokerage
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/saudi-arabia/real-estate/brokerage/annual-salary-increment-rate-saudi-arabia-brokerage.jpg


The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Saudi Arabia / All Professions

Annual Salary Increment Rate Saudi Arabia
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/saudi-arabia/annual-salary-increment-rate-saudi-arabia.jpg

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Saudi Arabia is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Brokerage / Saudi Arabia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Saudi Arabia Brokerage
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/saudi-arabia/real-estate/brokerage/annual-salary-bonus-rate-saudi-arabia-brokerage.jpg

68% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 32% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
32%
No Bonus
68%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Brokerage / Saudi Arabia


73 SAR per hour

The average hourly wage (pay per hour) for individuals working as Brokerage in Saudi Arabia is 73 SAR.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Brokerage in Saudi Arabia is 34 SAR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Real Estate-100%
3D Printing Home Building Engineer14,900 SAR+18%
Acquisition Associate12,800 SAR+1%
Assistant Leasing Manager17,200 SAR+36%
Assistant Property Manager16,800 SAR+33%
Brokerage12,600 SAR-0%
Brokerage Clerk6,800 SAR-46%
Co-Living Space Manager14,000 SAR+11%
Commercial Leasing Manager25,900 SAR+100%
Commercial Real Estate Manager29,900 SAR+140%
Community Development Manager26,000 SAR+110%
Compliance Specialist13,200 SAR+4%
Development Coordinator13,200 SAR+4%
Director of Real Estate29,000 SAR+130%
Foreclosure Consultant16,500 SAR+30%
Lease Administrator16,300 SAR+29%
Leasing Agent14,100 SAR+11%
Leasing Consultant16,300 SAR+29%
Leasing Manager18,700 SAR+48%
Lettings Assistant6,970 SAR-45%
Portfolio Analyst 23,300 SAR+84%
Portfolio Manager31,600 SAR+150%
Property Acquisition Agent12,000 SAR-5%
Property and Claims Specialist16,300 SAR+29%
Property Manager20,400 SAR+61%
Property Operations Manager27,100 SAR+110%
Property Tax Assistant13,200 SAR+4%
PropTech Consultant16,200 SAR+28%
Real Estate Administrator14,400 SAR+14%
Real Estate Agent13,800 SAR+9%
Real Estate Analyst18,200 SAR+44%
Real Estate Appraiser13,900 SAR+10%
Real Estate Assistant13,200 SAR+4%
Real Estate Association Manager17,600 SAR+39%
Real Estate Broker12,900 SAR+2%
Real Estate Data Analyst14,100 SAR+11%
Real Estate General Manager26,900 SAR+110%
Real Estate Project Director26,400 SAR+110%
Real Estate Project Manager23,100 SAR+83%
Real Estate Sales Agent13,300 SAR+5%
Real Estate Valuer14,100 SAR+11%
Real State Compliance Officer14,800 SAR+17%
Research Analyst12,900 SAR+2%
Residential Advisor15,800 SAR+25%
Residential Property Manager18,400 SAR+46%
Shopping Center Manager27,300 SAR+120%
Short-Term Rental Manager16,300 SAR+29%
Smart Home Consultant15,900 SAR+26%
Town Planner28,100 SAR+120%
Vacation Rental Manager17,400 SAR+38%
Virtual Tour Producer13,800 SAR+9%

Salary Comparison By City

CityAverage Salary
Jeddah14,800 SAR
Riyadh14,400 SAR

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Saudi Arabia is 7% on average across all career fields.

Private Sector
16,100 SAR
Public Sector+7%
17,300 SAR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Brokerage in Saudi Arabia?

A good and competitive compensation would range anywhere between 12,000 SAR and 13,800 SAR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Brokerage in Saudi Arabia ranges from 5,940 SAR to 9,710 SAR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic

©Salary Explorer 2024