Many individuals are drawn to the city’s real estate market by its spectacular architecture, cutting-edge buildings, and breathtaking skylines. If you enjoy the adrenaline of closing a transaction and have strong communication skills, a job as a real estate agent in Dubai might be ideal for you. But how do you go about doing so?
Continue reading for an instructions on how to become a real estate agent in Dubai.
WHY BECOME A DUBAI REAL ESTATE AGENT?
To begin, there are many compelling reasons to work as a real estate agent/broker/realtor in the UAE. Firstly, you will be dealing with one of the most costly assets on the market: real estate.
If you have strong sales and negotiating abilities and work hard to create a solid reputation, you may earn a substantial amount of commission on top of your base wage.
Second, being a real estate agent is an exciting job option because you get to help individuals locate their ideal houses (or dream workplaces). Furthermore, it is an interesting work that allows you to meet with a varied, multicultural client portfolio.
Of course, being one of Dubai’s most respected and successful real estate agents is no simple task. It is a competitive sector, so be prepared to work hard, connect with consumers on a regular basis, and learn to discern their requirements.
You should also be aware that certain brokerage companies recruit realtors on a commission-only basis, and others provide a basic pay-plus-commission structure. Even in this circumstance, the majority of the agent’s revenue is normally derived from commissions.
Do you want to learn how to become a real estate agent in Dubai? While there are many levels to the process, and successful agents spend years building a strong portfolio of prospective buyers and tenants, the fundamental strategy to becoming a real estate agent in Dubai begins with applying for your broker’s license.
HOW TO BECOME A DUBAI REAL ESTATE AGENT
STEP 1: APPLY FOR A RESIDENCY VISA (FOR EXPATS)
The first step in becoming a real estate dealer in Dubai is obtaining a residence permit from your real estate the company. You cannot work as an independent real estate agent in Dubai. To apply for a Brokers Permit, you must be an employee of a licensed real estate brokerage.
The licensing procedure is simple for UAE citizens and GCC nationalities. Expats, on the other hand, must have a valid residency visa in order to apply for a job as a realtor in Dubai. Your company will either provide you with a work visa in Dubai or a residence visa sponsored by your spouse who works in Dubai.
Please keep in mind that if you have a spousal residency visa, you will need to get a work permit from the real estate firm.
You’ll also need your Emirates ID, which comes with becoming a UAE resident.
STEP 2 – GET YOUR BROKERS LICENSE
After obtaining UAE residence, you can apply for a Brokers Licence in order to work as a real estate agent in Dubai. This license is required when selling properties on the secondary market. This permission is not required for real estate agents that sell off-plan properties or leasing agents.
To begin, you must obtain a Police Clearance Certificate before applying for your Dubai Broker license. It costs AED 200 and takes around two days to complete, according to the Dubai Police website.
After receiving this, your agency’s admin team will apply for your Brokers License through the Trakheesi site, and the Economic Department will issue your broker license and card. Registered real estate brokerages have an account on the DLD site and may access the Trakheesi portal and apply on your behalf, using your newly issued Emirates ID and resident visa.
After submitting the relevant papers, you will obtain your credentials (Trakheesi login) and Brokers License within one or two days. To avoid fines from the issuing authorities, you must renew your license one month before it expires.
HOW TO RENEW YOUR DUBAI REAL ESTATE AGENT LICENSE
The Trakheesi site offers broker license renewal services. To achieve this, you will need to reapply for a Police Clearance certificate.
It is important to note that if you do not file for renewal by the deadline, your license may be cancelled or you will be forced to retake the training course.
The following documents are necessary for the renewal process:
- Copy of valid passport with file/residence permit
- Personal photo
- Police clearance certificate
If you want to switch agencies, you must cancel your Brokers License and apply for a new one after you have received your new resident visa from the new agency. Then, in order to get the new Brokers License, you must provide documentation of cancellation of your former one.
FREQUENTLY ASKED QUESTIONS
HOW CAN I TERMINATE MY REAL ESTATE BROKER’S LICENCE?
You must fill out an application through the Trakheesi system. There is no cancellation fee.
DO EXPATS HAVE TO COMPLETE A SPECIFIC RESIDENCY PERIOD IN ORDER TO OBTAIN THE LICENCE?
Expats can begin the licensing procedure after they have obtained their resident status. They are not required to fulfill a certain duration of residence.
WHAT IS THE MINIMUM AGE FOR BECOMING A REAL ESTATE BROKER?
While no university degree is required to qualify for the license, you must be at least 21 years old to work as a certified real estate agent in the UAE.
This brings us to the end of our guidance on how to become a real estate agent in Dubai. Remember that the most difficult portion of the procedure comes after you have your license. More than qualifications are required for success in the UAE’s competitive real estate market.