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Residential Property Manager Average Salary in Saudi Arabia 2020

How much money does a Residential Property Manager make in Saudi Arabia?


Average Monthly Salary
18,400 SAR
( 221,000 SAR yearly)

LOW
9,580
SAR
AVERAGE
18,400
SAR
HIGH
28,200
SAR

A person working as a Residential Property Manager in Saudi Arabia typically earns around 18,400 SAR per month. Salaries range from 9,580 SAR (lowest) to 28,200 SAR (highest).

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

Residential Property Manager Salary Distribution in Saudi Arabia

Median and salary distribution monthly Saudi Arabia Residential Property Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Residential Property Manager salaries in Saudi Arabia range from 9,580 SAR per month (minimum salary) to 28,200 SAR per month (maximum salary).

  • Median Salary

    The median salary is 17,700 SAR per month, which means that half (50%) of people working as Residential Property Manager(s) are earning less than 17,700 SAR while the other half are earning more than 17,700 SAR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Residential Property Manager(s) are earning less than 12,300 SAR while 75% of them are earning more than 12,300 SAR. Also from the diagram, 75% of Residential Property Manager(s) are earning less than 22,000 SAR while 25% are earning more than 22,000 SAR.


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

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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

Residential Property Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Saudi Arabia Residential Property Manager
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Residential Property Manager salaries by experience level and this is what we found.

A Residential Property Manager with less than two years of experience makes approximately 10,900 SAR per month.

While someone with an experience level between two and five years is expected to earn 14,600 SAR per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 19,000 SAR per month, 30% more than someone with two to five 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.

Additionally, Residential Property Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 23,000 SAR per month, 21% 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 25,100 SAR per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 26,400 SAR per month, 5% more than people with fifteen to twenty years of experience.


Residential Property Manager average salary change by experience in Saudi Arabia

0 - 2 Years
10,900 SAR
2 - 5 Years+34%
14,600 SAR
5 - 10 Years+30%
19,000 SAR
10 - 15 Years+21%
23,000 SAR
15 - 20 Years+9%
25,100 SAR
20+ Years+5%
26,400 SAR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Residential Property Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Residential Property Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Saudi Arabia Residential Property Manager
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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 Residential Property Manager salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Residential Property Manager is 13,100 SAR per month.

While someone with a Certificate or Diploma gets a salary of 15,000 SAR per month, 14% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 21,100 SAR per month, 41% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 25,600 SAR per month, 21% more than someone with Bachelor's Degree.


Residential Property Manager average salary difference by education level in Saudi Arabia

High School
13,100 SAR
Certificate or Diploma+14%
15,000 SAR
Bachelor's Degree+41%
21,100 SAR
Master's Degree+21%
25,600 SAR
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Saudi Arabia costs anywhere from 83,500 Saudi Riyal(s) to 251,000 Saudi Riyal(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Residential Property Manager Salary Comparison By Gender

Salary comparison by gender monthly Saudi Arabia Residential Property Manager
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Residential Property Manager employees in Saudi Arabia earn 16% more than their female counterparts on average.

Female
17,400 SAR
Male+16%
20,100 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
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Residential Property Manager Average Annual Salary Increment Percentage in Saudi Arabia

How much are annual salary increments in Saudi Arabia for Residential Property Manager(s)? How often do employees get salary raises?

Residential Property Manager

Residential Property Manager(s) in Saudi Arabia are likely to observe a salary increase of approximately 11% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Saudi Arabia Residential Property Manager
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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

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Listed above are the average annual increase rates for each industry in Saudi Arabia for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Residential Property Manager Bonus and Incentive Rates in Saudi Arabia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Saudi Arabia Residential Property Manager
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A Residential Property Manager is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

48% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 52% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
52%
No Bonus
48%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Saudi Arabia
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Where can you get paid more, working for a private company or for the government? Public sector employees in Saudi Arabia earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
16,000 SAR
Public Sector+7%
17,200 SAR
Percentage increase and decrease are relative to the previous value

Residential Property Manager Average Hourly Wage in Saudi Arabia


110 SAR per hour

The average hourly wage (pay per hour) in Saudi Arabia is 110 SAR. This means that the average Residential Property Manager in Saudi Arabia earns approximately 110 SAR for every worked hour.


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

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 fix 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.

Residential Property Manager VS Other Jobs

Salary Comparison Between Residential Property Manager and Real Estate monthly Saudi Arabia
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The average salary for Residential Property Manager is 2% less than that of Real Estate. Also, Real Estate salaries are 13% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Acquisition Associate12,800 SAR-30%
Assistant Leasing Manager17,200 SAR-7%
Assistant Property Manager16,800 SAR-9%
Brokerage12,600 SAR-32%
Commercial Leasing Manager25,900 SAR+41%
Commercial Real Estate Manager29,900 SAR+62%
Community Development Manager26,000 SAR+41%
Compliance Specialist13,200 SAR-28%
Development Coordinator13,200 SAR-28%
Lease Administrator16,300 SAR-11%
Leasing Agent14,100 SAR-23%
Leasing Consultant16,300 SAR-11%
Leasing Manager18,700 SAR+2%
Lettings Assistant6,970 SAR-62%
Portfolio Analyst 23,300 SAR+27%
Portfolio Manager31,600 SAR+72%
Property Acquisition Agent12,000 SAR-35%
Property and Claims Specialist16,300 SAR-11%
Property Manager20,400 SAR+11%
Property Operations Manager27,100 SAR+47%
Property Tax Assistant13,200 SAR-28%
Real Estate Administrator14,400 SAR-22%
Real Estate Agent13,800 SAR-25%
Real Estate Analyst18,200 SAR-1%
Real Estate Appraiser13,700 SAR-26%
Real Estate Assistant13,200 SAR-28%
Real Estate Association Manager17,600 SAR-4%
Real Estate Broker12,900 SAR-30%
Real Estate General Manager26,900 SAR+46%
Real Estate Project Manager23,100 SAR+25%
Real Estate Sales Agent13,300 SAR-28%
Real Estate Valuer14,100 SAR-23%
Research Analyst12,900 SAR-30%
Residential Advisor15,800 SAR-14%
Residential Property Manager18,400 SAR-0%
Shopping Center Manager27,300 SAR+48%
Town Planner28,100 SAR+53%

Salary Comparison By City

CityAverage Salary
Abha18,400 SAR
Dammam18,800 SAR
Jeddah20,700 SAR
Khubar18,900 SAR
Mecca19,400 SAR
Medina20,100 SAR
Riyadh20,000 SAR
Tabuk18,500 SAR
Taif18,700 SAR
0 - 0

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