UAE has seen a record comeback in the real estate industry in the past year. Due to the city’s ultramodern skyscrapers, amazing engineering marvels, and vibrant nightlife, lots of people are keen to become a part of Dubai’s real estate industry. Do you have good communication skills? Do you feel a rush of delight when closing a deal? Then, being a real estate agent is the right choice for you! Read along to understand how to become a real estate agent in Dubai.
Why Become a Real Estate Agent in Dubai?
There are several reasons why lots of people are interested in becoming a realtor in Dubai. First, you will be working with the most expensive assets in the market: property. If you have the right skills for sales and negotiation and can work hard to build a good reputation, it will bring you a good amount of commission along with your basic salary.
Being a real estate broker in Dubai is an interesting career choice. It is an engaging career where you have many opportunities to meet with a diverse and multicultural client portfolio. Becoming a real estate agent in Dubai is no easy task. It is a competitive industry, you will have to work hard, engage with your customers regularly, and learn to identify the needs of your clients.
Some brokerage firms hire real estate agents as independent contractors on a commission-only basis. While others offer a basic-pay-plus-commission structure. But whatever the case, most of the agent’s income usually comes from their commissions.
If you are wondering how to become a real estate agent in Dubai, the process has many layers. Becoming a successful agent takes years of building a strong portfolio. The basic process to become a real estate agent starts with the training modules organized by Dubai Real Estate Institute (DREI).
Step by Step Guide to Become a Real Estate Agent in Dubai?
Step 1: Obtain a Residency Visa (For Foreigners)
Step 2: Apply for DREI Certified Training
Once your residency visa is ready, it is time to sign up for training with the Dubai Real Estate Institute (DREI). The four-day course known as Certified Training for Real Estate Brokers aims to give the necessary insight into the city’s real estate industry.
There are multiple accredited institutions you can complete this course from. Some examples include DX Broker and IE Real Estate Institute.
This course is approved by the Real Estate Regulatory Agency (RERA), which is the regulatory arm of the Dubai Land Department (DLD). The various modules covered in this course include:
- History and Development
- The Business of a Broker
- Concepts, Definitions, and Market Players
- Sales Processes and Agreements
- Leasing Process and Rental Agreements
- Code of Ethics
- Introduction to Owner’s Associations
- Legal Module
- Essential Skills
- Location: Dubai Land Department, Baniyas Road, Deira
- Timings: Monday to Friday – 07:30 a.m. to 02:30 p.m.
- Contact: 800 4488
- Cost: AED 3,000
Step 3: Attend the RERA Exam
Step 4: Apply for Real Estate License
Renewing your realtor’s license one month before its expiry is crucial to avoid penalties by the issuing authority. If you’re setting up a business, you can work with a business setup consultant to simplify your real estate company setup.
Step by Step Guide to Become a Real Estate Agent in Dubai?
To renew your realtor license, you need to take the RERA agent license registration exam once again and score at least 85%. Once you clear your exam, you can complete the renewal process.
- Copy of valid passport with the residence permit
- Personal photo
- Certificate of qualification
These are the steps you need to follow if you intend to become a real estate agent in Dubai. In a nutshell, get a residency visa, apply for DREI-certified training, pass the RERA exam, and apply for the real estate agent license.
Get a Dubai Real Estate License With A&A Associate
Whether it’s company registration in Dubai or getting a Golden Visa UAE, the expert consultants at A&A Associate can help. We can streamline your application process and make getting a trade license for your business setup Dubai.
