Average Real Estate Project Director Salary in Dominican Republic for 2024

In this article, we will look at the average Real Estate Project Director salary for 2024 in Dominican Republic 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 Dominican peso. To keep things simple, we are using the DOP currency code instead of the currency symbol $.

How Much Does a Real Estate Project Director Make in Dominican Republic?

A Real Estate Project Director working in Dominican Republic will typically earn around 394,500 DOP per year, and this can range from the lowest average salary of about 209,700 DOP to the highest average salary of 602,700 DOP.

Average Annual Salary
394,500 DOP
Average Monthly Salary
32,875 DOP

Lowest Annual Salary
209,700 DOP
Lowest Monthly Salary
17,475 DOP

Highest Annual Salary
602,700 DOP
Highest Monthly Salary
50,225 DOP

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

Real Estate Project Director 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 Real Estate Project Director Salaries in Dominican Republic

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

Salary ranges

We already know that a Real Estate Project Director can earn between 209,700 DOP and 602,700 DOP on average in Dominican Republic. 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 Real Estate Project Director in Dominican Republic is 371,100 DOP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 371,100 DOP, and 50% of the population earn more than 371,100 DOP.

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 Real Estate Project Director salary in Dominican Republic, 25% of the population are earning less than 263,200 DOP while 75% of the population earn more than 263,200 DOP.

75% of the population earn less than 457,300 DOP, and 25% of the population earn more than 457,300 DOP.

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.

Real Estate Project Director Salary by Experience Level in Dominican Republic

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 real estate project director 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 Real Estate Project Director in Dominican Republic that has less than two years of experience can expect to earn somewhere in the region of 239,300 DOP.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate Project Director salary would increase to 296,000 DOP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate Project Director, the average salary would be 421,400 DOP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 489,500 DOP.
  • 15 - 20 Years Experience. A Real Estate Project Director with 15 to 20 years of experience can earn an average of 539,800 DOP.
  • 20+ Years Experience. For a Real Estate Project Director with more than 20 years, the expected average salary increases to 568,500 DOP.

Average Salary by Experience Chart

0-2 Years
239,300 DOP
2-5 Years +23%
296,000 DOP
5-10 Years +42%
421,400 DOP
10-15 Years +17%
489,500 DOP
15-20 Years +10%
539,800 DOP
20+ Years +6%
568,500 DOP

Real Estate Project Director Salary by Education Level in Dominican Republic

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 Real Estate Project Director in Dominican Republic 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 Real Estate Project Director in Dominican Republic with a high school education can earn an average salary of 292,000 DOP.

  • Certificate or Diploma. A Real Estate Project Director in Dominican Republic with a certificate or diploma education can earn an average salary of 330,900 DOP.

  • Bachelor's Degree. A Real Estate Project Director in Dominican Republic with a bachelor's degree education can earn an average salary of 431,300 DOP.

  • Master's Degree. A Real Estate Project Director in Dominican Republic with a master's degree education can earn an average salary of 568,500 DOP.

Average Salary by Education Chart

High School
292,000 DOP
Certificate or Diploma +13%
330,900 DOP
Bachelor's Degree +31%
431,300 DOP
Master's Degree +32%
568,500 DOP

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 Dominican Republic is around 99,300 to 298,000 DOP 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.

Real Estate Project Director 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 Dominican Republic, a male real estate project director will earn an average of 411,400 DOP, while a female real estate project director will earn around 375,200 DOP.

This means that a male real estate project director earns approximately 10% more than a female real estate project director for performing the same job.

Average Salary by Gender Chart in Dominican Republic

Male
411,400 DOP
Female -10%
375,200 DOP

Real Estate Project Director Average Pay Raise in Dominican Republic

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 Real Estate Project Director in Dominican Republic is around 12% every 19 months.

The national average pay raise across all professions and industries in Dominican Republic is around 8% every 18 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 = ( 12 ÷ 19 ) × 12  = 8%

What this means is that a Real Estate Project Director in Dominican Republic can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Dominican Republic for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Real Estate Project Director Bonus and Incentive Rates in Dominican Republic

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 Real Estate Project Director is a high bonus based job, with 77% of employees reporting at least one bonus in the last 12 months.

23% 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 6% to 8%.

Received Bonus
77%
No Bonus
23%

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 Dominican Republic earn approximately 7% more than private sector employees in the same role.

Public Sector
247,800 DOP
Private Sector -7%
232,400 DOP

Salaries for Jobs Similar to a Real Estate Project Director

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

Job Title Category Salary
Acquisition Associate Real Estate 191,600 DOP
Assistant Leasing Manager Real Estate 249,600 DOP
Assistant Property Manager Real Estate 265,000 DOP
Brokerage Real Estate 187,300 DOP
Brokerage Clerk Real Estate 102,620 DOP
Commercial Leasing Manager Real Estate 412,000 DOP
Commercial Real Estate Manager Real Estate 417,100 DOP
Community Development Manager Real Estate 351,900 DOP
Compliance Specialist Real Estate 191,600 DOP
Development Coordinator Real Estate 187,500 DOP
Director of Real Estate Real Estate 430,000 DOP
Lease Administrator Real Estate 245,300 DOP
Leasing Agent Real Estate 197,600 DOP
Leasing Consultant Real Estate 246,200 DOP
Leasing Manager Real Estate 273,000 DOP
Lettings Assistant Real Estate 96,680 DOP
Portfolio Analyst Real Estate 348,300 DOP
Portfolio Manager Real Estate 459,300 DOP
Property Acquisition Agent Real Estate 180,500 DOP
Property and Claims Specialist Real Estate 237,400 DOP
Property Manager Real Estate 307,400 DOP
Property Operations Manager Real Estate 401,300 DOP
Property Tax Assistant Real Estate 204,000 DOP
Real Estate Administrator Real Estate 216,800 DOP
Real Estate Agent Real Estate 195,200 DOP
Real Estate Analyst Real Estate 267,100 DOP
Real Estate Appraiser Real Estate 209,500 DOP
Real Estate Appraiser Real Estate 212,500 DOP
Real Estate Appraiser Real Estate 218,900 DOP
Real Estate Assistant Real Estate 189,300 DOP
Real Estate Association Manager Real Estate 263,200 DOP
Real Estate Broker Real Estate 195,200 DOP
Real Estate General Manager Real Estate 417,100 DOP
Real Estate Project Manager Real Estate 344,600 DOP
Real Estate Sales Agent Real Estate 209,500 DOP
Real Estate Valuer Real Estate 204,000 DOP
Research Analyst Real Estate 172,200 DOP
Residential Advisor Real Estate 240,500 DOP
Residential Property Manager Real Estate 294,700 DOP
Shopping Center Manager Real Estate 404,600 DOP
Town Planner Real Estate 419,400 DOP

Salary Comparison by City

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

City Average Salary
Santo Domingo 433,800 DOP

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Real Estate Project Director Salary in Dominican Republic for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-real-estate-project-director-salary-in-dominican-republic/.

  • "Average Real Estate Project Director Salary in Dominican Republic for 2024". World Salaries, https://worldsalaries.com/average-real-estate-project-director-salary-in-dominican-republic/. Accessed 28 March, 2024

  • Average Real Estate Project Director Salary in Dominican Republic for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-real-estate-project-director-salary-in-dominican-republic/.