Process to become a Real Estate Agent in Dubai

In the last year, UAE’s real estate market has come back stronger than ever. Lots of people want to get into Dubai’s real estate business because of the city’s ultramodern skyscrapers, amazing engineering feats, and busy nightlife. Do you know how to talk to people? When you close a deal, do you feel a rush of happiness? Then you should consider becoming a real estate agent. Find out how to become a real estate agent in Dubai by reading on.

Why Become a Real Estate Agent in Dubai?

People want to become real estate agents, brokers, or realtors in the UAE for a number of reasons. First of all, you will be working with property, which is the most expensive asset on the market. If you know how to sell and negotiate well and are willing to work hard to build a good reputation, you can make a good amount of commission on top of your basic salary.

People choose to be real estate agents for two reasons. The first is that it’s a good way to make money. It’s an interesting job that gives you great chances to meet a wide range of clients from different backgrounds.

It’s not easy to become one of Dubai’s well-known real estate agents. Since it’s a competitive field, you’ll have to work hard, talk to your customers often, and learn to figure out what they want.

Some brokerage firms hire real estate agents on a commission-only basis as independent contractors. While others have a basic salary plus commission. But no matter what, commissions are where most of an agent’s money comes from.

If you want to know how to become a real estate agent in Dubai, there are many steps you need to take. And it takes years of building a strong portfolio to become a successful agent. Training modules put on by the Dubai Real Estate Institute are the first step in becoming a real estate agent (DREI).

How to Become a Real Estate Agent in Dubai?

Here is a step-by-step list of what you need to do to become a real estate agent in Dubai:

Step 1: Obtain a Residency Visa (For Foreigners)

To become a real estate agent, the first thing you have to do is get a residency visa.

Anyone from the UAE or the GCC can sign up for the licencing process. To apply for a job as a real estate agent in Dubai, an expat must have a valid residency permit. You can get a work visa from your employer or a residency visa if your spouse works in Dubai and pays for it. For the same things, you will also need an Emirates ID.

Step 2: Apply for DREI Certified Training

Once your residency visa is ready, you should sign up for training with the Dubai Real Estate Institute (DREI). Certified Training for Real Estate Brokers is a four-day course that aims to teach people what they need to know about the city’s real estate business.

The Dubai Land Department’s regulatory arm, the Real Estate Regulatory Agency (RERA), has approved this course (DLD). Some of the topics covered in this course’s different modules are:

• 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

You can take classes online or at the RERA agent registration training centre at DLD. 

Step 3: Attend the RERA Exam

After your four days of training, you must take a written RERA registration exam. If you have a bachelor’s degree, the exam fee is 3200 AED. If you don’t have a degree, the fee is 6300 AED. The test is easy if you’ve really studied what you learned in the certification course.

From the above, it’s clear that you don’t need a bachelor’s degree to become a real estate agent. But having a degree will help your career in the long run, that’s a given.

Step 4: Obtain Realtor License

As a real estate agent in Dubai, you will be able to get a license once you pass your exam. Getting a certificate of good conduct is another thing you need to do to get a license as a real estate agent.

Once you have done all of these things, the Economic Department will give you a license and a card to work as a real estate agent. After you send in all the required documents, you will get all of your credentials in one or two days.

It’s important to renew your realtor’s license a month before it expires to avoid getting fined by the organisation that gave you the license.

How to Renew Your Realtor’s License in Dubai

To get your real estate license renewed, you must take the RERA agent registration exam again and get a score of at least 85%. Once you pass your test, you can finish the rest of the steps to renew your license.

If you don’t renew your real estate license by the due date, your license could be taken away or you might have to take the training course again.

For the renewal process, the following papers are needed:

• Copy of valid passport with the residence permit
• Personal photo
• Certificate of qualification

If you want to become a real estate agent, broker, or realtor in Dubai, you need to take these steps. In short, you need to get a residency visa, apply for training that is approved by the DREI, and take the RERA exam. After that, if you pass the test, you can get a license to be a real estate agent.

Business setup consultants in Dubai and the United Arab Emirates, like Black Swan, help with company registration in Dubai. We can show you how to set up a new business in Dubai the right way. Contact us if you have any questions, and sign up to be a real estate agent now!

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