Average Director of Real Estate Salary in Turkmenistan for 2024

In this article, we will look at the average Director of Real Estate salary for 2024 in Turkmenistan and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Turkmenistan manat. To keep things simple, we are using the TMT currency code instead of the currency symbol m.

How Much Does a Director of Real Estate Make in Turkmenistan?

A Director of Real Estate working in Turkmenistan will typically earn around 123,400 TMT per year, and this can range from the lowest average salary of about 61,760 TMT to the highest average salary of 187,500 TMT.

Average Annual Salary
123,400 TMT
Average Monthly Salary
10,283 TMT

Lowest Annual Salary
61,760 TMT
Lowest Monthly Salary
5,146 TMT

Highest Annual Salary
187,500 TMT
Highest Monthly Salary
15,625 TMT

These are average salaries for a Director of Real Estate in Turkmenistan and include benefits such as housing and transport. It's also possible for a Director of Real Estate to earn more or less than the average salaries shown above.

Director of Real Estate salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Director of Real Estate Salaries in Turkmenistan

So we've looked at the average salaries a Director of Real Estate will earn in Turkmenistan. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Director of Real Estate can earn between 61,760 TMT and 187,500 TMT on average in Turkmenistan. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Director of Real Estate in Turkmenistan is 115,600 TMT. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 115,600 TMT, and 50% of the population earn more than 115,600 TMT.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Director of Real Estate salary in Turkmenistan, 25% of the population are earning less than 80,840 TMT while 75% of the population earn more than 80,840 TMT.

75% of the population earn less than 146,200 TMT, and 25% of the population earn more than 146,200 TMT.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Director of Real Estate Salary by Experience Level in Turkmenistan

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average director of real estate salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Director of Real Estate in Turkmenistan that has less than two years of experience can expect to earn somewhere in the region of 70,600 TMT.
  • 2 - 5 Years Experience. With two to five years of experience the average Director of Real Estate salary would increase to 96,500 TMT.
  • 5 - 10 Years Experience. From five to ten years of experience as a Director of Real Estate, the average salary would be 127,700 TMT.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 152,000 TMT.
  • 15 - 20 Years Experience. A Director of Real Estate with 15 to 20 years of experience can earn an average of 168,100 TMT.
  • 20+ Years Experience. For a Director of Real Estate with more than 20 years, the expected average salary increases to 174,000 TMT.

Average Salary by Experience Chart

0-2 Years
70,600 TMT
2-5 Years +34%
96,500 TMT
5-10 Years +30%
127,700 TMT
10-15 Years +21%
152,000 TMT
15-20 Years +9%
168,100 TMT
20+ Years +5%
174,000 TMT

Director of Real Estate Salary by Education Level in Turkmenistan

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Director of Real Estate in Turkmenistan based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Director of Real Estate in Turkmenistan with a high school education can earn an average salary of 85,760 TMT.

  • Certificate or Diploma. A Director of Real Estate in Turkmenistan with a certificate or diploma education can earn an average salary of 101,020 TMT.

  • Bachelor's Degree. A Director of Real Estate in Turkmenistan with a bachelor's degree education can earn an average salary of 138,200 TMT.

  • Master's Degree. A Director of Real Estate in Turkmenistan with a master's degree education can earn an average salary of 169,000 TMT.

Average Salary by Education Chart

High School
85,760 TMT
Certificate or Diploma +14%
101,020 TMT
Bachelor's Degree +41%
138,200 TMT
Master's Degree +21%
169,000 TMT

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Turkmenistan is around 26,100 to 78,400 TMT and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Director of Real Estate Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Turkmenistan, a male director of real estate will earn an average of 125,700 TMT, while a female director of real estate will earn around 118,800 TMT.

This means that a male director of real estate earns approximately 6% more than a female director of real estate for performing the same job.

Average Salary by Gender Chart in Turkmenistan

Male
125,700 TMT
Female -6%
118,800 TMT

Director of Real Estate Average Pay Raise in Turkmenistan

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Director of Real Estate in Turkmenistan is around 9% every 30 months.

The national average pay raise across all professions and industries in Turkmenistan is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 9 ÷ 30 ) × 12  = 4%

What this means is that a Director of Real Estate in Turkmenistan can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Turkmenistan for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Turkmenistan.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Director of Real Estate Bonus and Incentive Rates in Turkmenistan

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Director of Real Estate is a low bonus based job, with 37% of employees reporting at least one bonus in the last 12 months.

63% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 5%.

Received Bonus
37%
No Bonus
63%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Turkmenistan earn approximately 16% more than private sector employees in the same role.

Public Sector
66,480 TMT
Private Sector -16%
57,320 TMT

Salaries for Jobs Similar to a Director of Real Estate

In the table below, we have salary information for jobs that are similar to a Director of Real Estate in Turkmenistan.

Job Title Category Salary
Acquisition Associate Real Estate 50,660 TMT
Assistant Leasing Manager Real Estate 70,880 TMT
Assistant Property Manager Real Estate 72,780 TMT
Brokerage Real Estate 53,860 TMT
Brokerage Clerk Real Estate 27,620 TMT
Commercial Leasing Manager Real Estate 110,380 TMT
Commercial Real Estate Manager Real Estate 119,860 TMT
Community Development Manager Real Estate 97,760 TMT
Compliance Specialist Real Estate 51,100 TMT
Development Coordinator Real Estate 50,620 TMT
Lease Administrator Real Estate 69,180 TMT
Leasing Agent Real Estate 55,940 TMT
Leasing Consultant Real Estate 66,100 TMT
Leasing Manager Real Estate 70,700 TMT
Lettings Assistant Real Estate 29,040 TMT
Portfolio Analyst Real Estate 96,540 TMT
Portfolio Manager Real Estate 119,700 TMT
Property Acquisition Agent Real Estate 47,720 TMT
Property and Claims Specialist Real Estate 67,900 TMT
Property Manager Real Estate 83,200 TMT
Property Operations Manager Real Estate 112,440 TMT
Property Tax Assistant Real Estate 55,840 TMT
Real Estate Administrator Real Estate 61,840 TMT
Real Estate Agent Real Estate 52,880 TMT
Real Estate Analyst Real Estate 70,880 TMT
Real Estate Appraiser Real Estate 54,560 TMT
Real Estate Appraiser Real Estate 55,940 TMT
Real Estate Appraiser Real Estate 58,720 TMT
Real Estate Assistant Real Estate 54,140 TMT
Real Estate Association Manager Real Estate 74,620 TMT
Real Estate Broker Real Estate 50,540 TMT
Real Estate General Manager Real Estate 114,380 TMT
Real Estate Project Director Real Estate 104,140 TMT
Real Estate Project Manager Real Estate 99,560 TMT
Real Estate Sales Agent Real Estate 57,900 TMT
Real Estate Valuer Real Estate 59,240 TMT
Research Analyst Real Estate 48,160 TMT
Residential Advisor Real Estate 63,040 TMT
Residential Property Manager Real Estate 80,580 TMT
Shopping Center Manager Real Estate 111,240 TMT
Town Planner Real Estate 108,340 TMT

Salary Comparison by City

If you want to compare salaries with different cities in Turkmenistan, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Asgabat 128,500 TMT

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