The real estate market of the UAE offers plenty of lucrative opportunities. These opportunities, however, aren’t limited to sellers or investors, as the sector has a lot to offer for those who want to enter as professionals. This is why a lot of people choose to become real estate agents or brokers.
A real estate broker plays multiple roles in their job, from being a salesperson, an analyst and a marketer to a negotiator and a consultant. Even if the real estate market is slow, the demand for a real estate agent remains intact. If you want to become a real estate agent in Dubai, rest assured that this challenging job comes with rewarding outcomes.
If you have decided to join the real estate industry as a broker, read here to know the basic steps involved in becoming a real estate agent in Dubai.
HOW TO BECOME A REAL ESTATE AGENT IN DUBAI
You have to be 21 or above to become a real estate agent in Dubai and apply for a realtor licence.
Here is a step-by-step guide on how to be a real estate agent in Dubai:
GET A RESIDENCY VISA (EXPATS)
If you are not a UAE national, then the first step to become a real estate agent in Dubai is to get a valid residency visa and Emirates ID. One of the ways to get a residency visa is to buy a villa in Dubai or any other property worth AED 1 million.
ENROL IN A DREI-CERTIFIED TRAINING COURSE
To become a real estate agent in Dubai, enrol in the RERA-approved Certified Training for Real Estate Brokers at Dubai Real Estate Institute (DREI). This is a 4-day training course for potential realtors to get complete knowledge of Dubai’s real estate market, laws and practices.
Here is the list of topics covered in this course:
- History and Development
- The Business of a Broker
- Introduction to Owner’s Associations
- Sales Processes and Agreements
- Leasing Process and Rental Agreements
- Concepts, Definitions and Market Players
- Legal Module
- Essential Skills
- Code of Ethics
The classes for this course can be taken online or at the Dubai Land Department. To register for this course, you need to submit a copy of your residency visa and Emirates ID.
The DREI training course fee is AED 3000.
For more information, you can contact the relevant department through the following details:
Address: Dubai Land Department, Baniyas Road, Deira
Contact number: +971 – 8004488
Timings: 07:30 am to 04:30 pm, Monday to Friday
APPEAR FOR REAL ESTATE REGULATORY AGENCY (RERA) EXAM
The next step to becoming a real estate agent in Dubai is to appear for the RERA registration exam after completing the DREI training course. The exam fee varies, as it depends on the last educational certificate you hold.
The RERA registration exam would cost AED 3,200 to those holding a bachelor’s degree in any field. Whereas AED 6,300 is the exam fee for those who dont hold a bachelor’s or master’s degree.
Besides, if you hold no educational qualifications, the RERA registration exam would cost AED 15,750.
GET THE REAL ESTATE AGENT LICENCE IN DUBAI
In order to start working as a real estate agent in Dubai, you need to get a realtor licence. After completing the DREI training and clearing the RERA registration exam, apply for a real estate agent licence in Dubai. Also, a Certificate of Good Conduct is to be submitted to the Economic Department when applying for the realtor licence.
Within two to three days of application, the Economic Department will issue your licence of a real estate agent in Dubai and a broker card.
The real estate agent licence in Dubai is valid for one year only. You have to renew it a month prior to the expiry date.
Here’s the process detailed for the renewal of real estate agent licence in Dubai:
PROCEDURE TO RENEW YOUR REAL ESTATE AGENT LICENCE IN DUBAI
For the renewal of a real estate agent licence in Dubai, it is mandatory to appear for the RERA registration exam again. The exam score must be not less than 85%. After clearing the RERA exam, you can proceed with the renewal of your licence online.
When applying for renewal of the realtor licence in Dubai, you will have to submit the following documents:
- Passport copy with residence visa
- Photograph
- Degree or certificate of your qualification
Real estate agent licence renewal fee is AED 520.
Besides, if you want to cancel your real estate licence in Dubai, submit an application in the Trakheesi (MyLicence) system. Licence Cancellation is free of charge.
Here we conclude our steps on how to be a real estate agent in Dubai. Once you get the realtor licence in the Emirate, then it’s all up to you how you elevate your career. The job role is challenging, but the outcomes, in the long run, are rewarding.
Here are a few tips for real estate agents in Dubai to help them make a mark in the industry:
- Join a well-reputed real estate firm that has a favourable commission structure and offers work visas along with other perks and benefits.
- Expand your network by building connections with experienced realtors, renters, buyers and sellers and other professionals from the real estate industry. You can also ask your clients to provide referrals and build on opportunities via social media.
- Become an expert in the area/location you want to specialise in by gaining comprehensive knowledge of the area’s schools, medical facilities, shopping avenues and other facilities and amenities. You could be just more than a real estate agent by becoming the go-to person whenever anyone needs information about properties in your area.
- Make a schedule to follow on a daily basis and plan your tasks for the day accordingly to achieve your goals successfully.
We hope this guide will help you in pursuing your career as a realtor in Dubai. Moreover, if you are new in the city, then for accommodation you can browse through the list of rental apartments in Dubai or villas. You can easily find a property that fits in your needs and budget.
Besides, being a real estate agent, you might need to commute several times a day for various work purposes. You can choose to travel via public transport in Dubai. However, for a more comfortable commute, you can opt to buy a used car in Dubai that fits your budget and needs.
Stay tuned to the leading property blog of the UAE for more tips on property buying and selling, rental laws across the UAE, tenancy agreements and a lot more.
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