If you're interested in pursuing a career path related to property investments, you might want to consider a role in the real estate investment trust (REIT) industry. There are many different related jobs with different focuses, which involve helping clients acquire and maximize their real estate investments. Learning more about the various job options in the REIT industry can help you determine whether to pursue this career path.In this article, we discuss real estate investment trusts and how many jobs are available in this industry, and we offer specific job options.
Real estate investment trusts focus on acquiring or funding income-producing properties in a portfolio. Portfolio holders can have investments in various real estate properties without owning them. These portfolios allow investors to disperse their investments over various real estate properties and leverage their income-earning abilities. Here's a list of the different types of real estate investment trusts to consider:
If you are considering this career path, you might be wondering how many jobs are available in real estate investment trusts. The real estate industry employs many people across various jobs. BLS reports that as of February 2023, there are 1.855 million people employed in the real estate industry. Some roles may employ more people than others. For instance, in 2021, there were approximately 144,000 real estate sales agents, while there were approximately 44,000 real estate brokers.Other estimates state that there are approximately 326,000 jobs in the REIT industry, and 3.4 million jobs indirectly related to REITs. Depending on your location and market conditions, you might expect there to be 1000 to 2000 jobs opening in the sector at any time. If there's a certain role you are interested in within the real estate investment trust industry, you can research the number of job opportunities to ensure it is in high demand to help increase your chances of finding employment.
If you are interested in working a job related to real estate investment trusts, there are a number of roles you can consider depending on your skills and interests, including:
National average salary:$73,774 per yearPrimary duties: REIT analysts assess properties in a real estate investment trust portfolio to provide updated information. For instance, they may conduct market research, find financial statements, and prepare underwriting of real estate properties to help portfolio holders have accurate data about income, loan amounts, and valuations of properties in their portfolio. They may also complete assessments of various properties, including taking photographs and creating maps to help provide comprehensive information. These analysts may also be responsible for handling legal documentation for various property purchases.Find REIT analyst jobs
National average salary: $63,355 per yearPrimary duties: Real estate property appraisers visit various properties to determine their value. These valuations are used during the sale and purchase of properties and can be very useful for a real estate investment. A property appraiser's work can help ensure that properties get purchased at an appropriate price. These appraisers can also help prepare information regarding tax assessments and identify areas of the property that are problematic or unsafe.Find real estate property appraiser jobs
National average salary: $73,812 per yearPrimary duties: A financial analyst working in the real estate investment trust industry may work with clients to provide financial analysis and advice and support clients in the acquisition of properties. They may conduct research on properties in which clients are interested and prepare reports of their assessments. They may go to different property locations to meet with investors to determine if the property can help them meet their portfolio goals. If the client decides to purchase a property, the financial analyst can help them complete the various paperwork needed to process the purchase.Find financial analyst jobs
National average salary: $89,395 per yearPrimary duties: Investor relations managers act as a liaison between a company and its investors to help facilitate communication, information sharing and question resolution. The main focus of this role is to help investors make informed business decisions about investments. They often gather and create various documents to share information, such as financial statements, equity statements, and information about a company's operations and finances.Find investor relations manager jobs
National average salary: $90,542 per yearPrimary duties: Portfolio managers in the REIT industry to review assets and portfolios to determine the return on investment (ROI) and help their clients leverage properties for maximum returns. They assess the properties in a portfolio to determine their projected growth. They may also assess various risks in the portfolio and advise on how to minimize the negative effects. Depending on their role, they may also work with clients to help with asset allocation. They may also make suggestions on whether to sell various properties.Find portfolio manager jobs
Here's a list of properties that are often used for this type of investment:
Related: Diversification vs. Specialization: What Are the Differences?
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If you're interested in pursuing a role in this field, you may have many opportunities to advance as you gain skills and knowledge. For instance, if you are interested in focusing on the land acquisition aspect of this industry, you can start in an entry-level role as a land analyst, progress to the mid-level role of an asset manager, and then qualify for a senior-level role, such as division manager or regional manager. Comparatively, if you wish to focus on finance, you may start your career as a financial analyst, progress to a financial manager role, and finally pursue a senior-level investment director or director of finance role.
Share on Messenger Share on WhatsAppSharjah, the third-largest city in the United Arab Emirates (UAE), is home to a large population of expatriates. Known for its cultural heritage and economic growth, Sharjah offers numerous job opportunities across various sectors. Here’s a comprehensive guide on how to secure a job in Sharjah.
Sharjah's economy is diversified, with significant contributions from sectors like education, healthcare, manufacturing, and tourism. The city hosts numerous administrative and commercial centers, making it a hotspot for job seekers. Additionally, Sharjah’s cost of living is lower compared to Dubai, attracting many middle-class expatriates.
Education : The minimum educational requirement is usually a high school diploma, but having a degree or specialized certification in a relevant field can significantly enhance your chances. Specific roles might require additional professional qualifications or certifications.
Skills : Proficiency in English is crucial as it is the primary language of business. Knowing Arabic or Hindi can be beneficial for better integration and communication within the workplace.
Experience : Prior work experience is often highly valued. It can provide a competitive edge and make you more attractive to potential employers.
Work Permit and Visa : To work legally in Sharjah, you need a work permit (labor card) and a residency visa. The Ministry of Human Resources and Emiratisation (MoHRE) oversees the issuance of these permits.
Resume and Profile : Prepare a professional resume that highlights your qualifications, skills, and experience. Tailor it to suit the specific job you are applying for.
Job Platforms : Utilize online job platforms like Dubaijobapply, LinkedIn, and GulfTalent to search and apply for job vacancies. These platforms provide access to numerous job listings from various sectors.
Networking : Leverage your network to find job opportunities. Attend industry events, join professional groups, and connect with people working in your desired field.
Recruitment Agencies : Consider engaging with recruitment agencies that specialize in placing candidates in the UAE. They can provide valuable insights and help match your profile with suitable job openings.
Healthcare : Sharjah has a growing healthcare sector with numerous hospitals, clinics, and medical facilities. Jobs range from doctors and nurses to administrative and support staff.
Education : The city is home to several universities, schools, and educational institutions, offering opportunities for teachers, administrators, and support staff.
Manufacturing and Industry : Sharjah has a robust industrial sector, with many job openings in manufacturing, logistics, and engineering.
Tourism and Hospitality : With its cultural heritage and tourist attractions, Sharjah’s tourism and hospitality industry is thriving, offering various roles in hotels, travel agencies, and cultural sites.
To work in Sharjah, you need a valid work permit issued by MoHRE. Here’s the process:
Entry Visa : Before arriving, you need an entry visa. Your employer usually arranges this.
Residence Visa and Emirates ID : Upon arrival, you must obtain a residence visa and an Emirates ID card. The employer usually sponsors and arranges these.
Work Permit : The employer applies for your work permit through the Tas’Heel system. Once approved, it is valid for 30 days and can be extended for another 30 days, during which the employer arranges the necessary documentation for a longer stay.
Working Hours : The maximum working hours are 8 hours a day or 48 hours a week for private sector employees. During Ramadan, working hours are reduced by 2 hours daily.
Leave and Holidays : Employees are entitled to 30 days of annual leave after one year of service. Public holidays include Eid Al Fitr, Eid Al Adha, and other Islamic festivals.
Safety and Rights : MoHRE ensures the protection of workers' rights, including safety standards, termination of employment, and end-of-service gratuity payments.
Surgeons/Doctors : Due to the critical nature of their job, surgeons and doctors are among the highest-paid professionals in Sharjah, with salaries ranging from AED 35,000 to AED 125,000.
Judges : With extensive knowledge of laws and regulations, judges earn between AED 29,700 and AED 105,000.
Bank Managers : Responsible for managing financial institutions, bank managers earn between AED 22,500 and AED 79,600.
Chief Executive Officers (CEOs) : CEOs, who manage company operations and make major corporate decisions, earn between AED 21,000 and AED 74,600.
Hamriyah Free Zone (HFZA) : An industrial hub offering cost-effective business setups with benefits like 100% ownership and tax exemptions.
USA Regional Trade Center (USARTC) Free Zone : Supports SMEs in expanding their trade in the Middle East and North Africa region.
Etisalat : A leading telecom company known for its dynamic and rewarding work environment.
Dana Gas : One of the largest oil and gas companies headquartered in Sharjah.
United Arab Bank : Known for its growth-conducive work environment and competitive salary packages.
Sharjah’s flexible economy allows for freelancing and part-time jobs. To work as a freelancer, you need a residency visa and a freelance license from the Sharjah Free Zone. Freelance permits are valid for two years, with annual renewals required.
Local Job Consultants : Consultants can help you navigate the job market, but be wary of high commission fees.
Free Job Platforms : Dubaijobapply is a free job platform that connects job seekers with trusted companies in Sharjah.
Direct Applications : Apply directly to companies through their career portals or via email.
By following these guidelines, you can navigate the job market in Sharjah effectively and increase your chances of securing a desirable position. Good luck!