How to Become a Real Estate Agent in Dubai [Step-by-Step Guide] 2022
Are you eager to learn about what people need? When people talk about business and real estate, do you feel the burning desire inside you? Are you excellent at communicating with people, and do you have the ability to sell?
If yes! Then Dubai may just be the right place for you. Filled with modern skyscrapers and vibrant nightlife, this city attracts many ex-pats every year, and you cannot deny the business life this city boasts of. This has generated an influx of business-savvy entrepreneurs and real estate professionals alike.
If the city is calling you to become a real estate agent, you may be in the right place. This article focuses on how to gain a real estate agent certification in Dubai and be successful in what you do.
Step 1
Obtain a Residency Visa – For Expats
Laws and regulations govern the UAE, and when immigration, work permits, and visas come into play, specific rules must be followed.
Residents and citizens of the UAE and GCC need not follow this step. But visitors to the UAE require a valid visa to work in Dubai.
There are two methods that you could follow that are based on sponsorship.
- You can obtain a visa through your business. With the company’s sponsorship, you are now the company’s employee. This will allow you to work and stay in Dubai.
- You can use another method if you are lucky and have a UAE citizen or resident as a spouse. Spousal or Family Reunification Visas are visas where the spouse serves as the sponsor. These visas allow foreigners to work and stay in the UAE.
After you receive your visa, you need an Emirates ID. Once you have completed the process, you can start the process to become a fully licensed real estate agent in Dubai.
Step 2
Finish the Real Estate Broker Certified Training
You must now demonstrate that you are qualified to work as a real estate agent in Dubai. The organisation in charge of regulating the training is the Dubai Real Estate Institute. The potential brokers must receive training and certification from the DREI to function in the regional real estate market.
It’s a four-day course and aims to equip an aspiring real estate broker with the required knowledge and skills to negotiate in the real estate market in Dubai.
The RERA and the DLD have authorized and accredited the course.
This is a 4-day course
- The historical development of the real estate market in Dubai.
- The working routine of a real estate broker in Dubai.
- Industry dynamics, concepts, jargon, vocabulary and essential market players.
- Legal agreements, processes of sales and procurement.
- Legal agreements related to property leasing and rentals.
- Ethics and behavior conduct for real estate brokers.
- Other skills required as a broker.
- An introduction to various owner’s associations
- And the general law of real estate.
The course can be taken on-site at the RERA training centre at the DLD office. These days the course can be taken remotely as well.
Location: Dubai Land Development Office, Baniyas Road, Deira
Phone: +971-4-203-0456
Email: info@dubailand.gov.ae
Schedule of the course: Sunday – Thursday, 7:30 am – 2:30 pm
Cost: AED 3,000 (USD 817)
Your Emirate ID will be needed to register for the course. Foreigners will also need to provide a copy of their residency permit.
Step 3
Complete the RERA Exam
RERA stands for Real Estate Regulatory Agency. The written exam is the next step to becoming a broker in Dubai. Once you have passed the 4-day training, you will have to take the exam. The exam fee is AED 3,200 for individuals with a bachelor’s degree from a university.
RERA stands for Real Estate Regulatory Agency. The written exam is the next step to becoming a broker in Dubai. Once you have passed the 4-day training, you will have to take the exam. The exam fee is AED 3,200 for individuals with a bachelor’s degree from a university.
You can still take the exam if you don’t have a bachelor’s degree. But you will have to pay AED 6,300.
If you have completed the previous DREI Certified Training for Real Estate Brokers Course, the RERA exam shouldn’t be too tricky, which is an easy pass for most candidates.
Step 4
Obtain your Agent’s License
After completing the exam, there is only one more step to becoming a full-fledged qualified broker in Dubai. This next step should be a breeze if you have a clean criminal background.
You must submit your DREI course completion certificate, confirmation of RERA exam completion and a good conduct certificate.
After you’ve submitted your documents, the Economic Department will approve them and issue you a broker’s license. The delivery should take a couple of days.
You need to keep track of the license renewal, as this license is not valid for life. You need to renew it regularly.
Now is the Broker’s License Renewal Process
You must begin the renewal process one month before your license expires. You’ll have to repeat the RERA and get a score of 85% or higher to pass.
Once you pass the test, the renewal process can simply be completed by submitting a few relevant documents:
- A passport and residency permit that is valid.
- A Personal photo
- Broker’s License certification
- The renewal fee is AED 510.
Keep in mind that if you don’t start the renewal process well in advance, you may not have enough time to finish it. As a result, you may have to pay a fine as some sort of penalty, or you may have to repeat the DREI course.
If you are a bit on the fence about becoming a real estate agent, here is a list of benefits you may want to know about becoming a real estate agent in Dubai.
Attractive Financial Profits
Dubai is a high-value commodity by itself. When you decide to work in sales with high-value commodities, it results in high-value commissions. This may result in vast and attractive financial profits for people with a suitable skill set.
Meet Diverse and Multicultural Clients
Dubai’s 85% ex-pat population is the second benefit in this case. As a real estate broker in Dubai, you will meet several clients and form significant relationships with them. These clients will have diverse and multicultural backgrounds.
What’s incredibly satisfying is your ability to assist your customers in finding their dream residential homes.
Outstanding Architecture
Dubai’s architecture is marvelous and excellent. As a real estate agent, you can explore various buildings and see the architecture and engineering.
However, you must know that brokerage companies in Dubai run on a commission basis. Some companies pay a basic income that’s a minuscule amount. However, most of the brokers’ lives are spent mainly on commission. To thrive in this kind of business, you need to have the skills to build an extensive portfolio.
Conclusion
Due to the city’s glorious skyline and state-of-the-art facilities, many people are keen to become part of the city’s real estate industry. If you get the rush from closing a deal or are known to have good communication skills, this career may just be one for you. Today’s blog post discussed the steps you need to take to become a real estate agent in Dubai.
So get started with the process to become a real estate agent in Dubai if you are prepared to take this leap of faith. The career path of a real estate agent is not an easy one. However, the suitable skill set can be gratifying with the upcoming residential properties. Follow Room & Mates to know more about the real estate market.
What is the minimum age to get certified as a real estate agent?
The minimum age to get a real estate broker’s license is 21 years. You don’t need to have a university degree to be able to apply for a license.
What does a real estate agent make in Dubai?
A real estate agent earns approximately AED 18,600 per month. Your salary can range from 9,100 to AED 29,000. This average pay includes housing, transportation and other advantages.
Is it legal for me to practise real estate in Dubai?
UAE citizens and GCC nationals can directly start the licensing process. Expats need a valid visa and a residency permit to apply for a realtor job in Dubai. You either get a work visa in Dubai from your employer or a residency visa sponsored by your spouse working in Dubai.