Real Estate Development Manager salary in Iceland

Average Yearly Salary of Real Estate Development Manager in Iceland is approximately 18,876,848 ISK (132,025 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Real Estate Development Manager do?

A real estate development manager is responsible for overseeing the entire process of developing a real estate project, from its conception to its completion. They work closely with architects, engineers, contractors, and other professionals to ensure that the project meets all legal, financial, and quality standards. The key responsibilities of a real estate development manager include conducting feasibility studies, securing financing, managing budgets, obtaining necessary permits and approvals, coordinating construction activities, and marketing the completed project. They must have a strong understanding of the real estate market, excellent negotiation and communication skills, and the ability to manage multiple projects simultaneously. Attention to detail, problem-solving abilities, and a keen eye for identifying potential risks and opportunities are also essential in this role.

Skills: Real estate development, Project management, Construction coordination, Financial analysis, Market research, Permitting and approvals
Job industry: Real estate

How much does Real Estate Development Manager make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Real Estate Development Manager a well paid job?

Yes, our data show that Real Estate Development Manager is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Real Estate Development Manager?

High salary for Real Estate Development Manager would be somewhere between 20,764,533 ISK and 27,371,430 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Real Estate Development Manager in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 18,876,848 ISK
Estimated Monthly Salary: 1,573,071 ISK
Estimated Weekly Salary: 363,016 ISK per week
Estimated Hourly Salary: 9,075 ISK per hour
By working as Real Estate Development Manager a person can save up to 8,273 USD per month or 99,279 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Real Estate Development Manager

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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