- Benefits of a UAE Real Estate Career
- How to Become a Real Estate Agent in Dubai
- Renewing Broker License
- FAQs
Dubai’s stunning architecture, state-of-the-art developments and gorgeous skylines can tempt many people to join the city’s real estate industry. If you have good communication skills and get a rush from closing a deal, a career as a real estate agent in Dubai might be right for you. But how do you go about it? Read on as we share our step-by-step guide on how to become a real estate agent in Dubai.
Why Become a Real Estate Agent in Dubai?
There are several good reasons to become a real estate agent/broker/realtor in the UAE. First, you will be working with one of the most expensive assets in the market – property. Having the right sales and negotiation skills and the passion to build a good reputation can translate into a good commission over and above your basic salary.
Second, being a real estate agent is an exciting career choice. You can help people find their dream homes (or dream offices, for that matter). Also, it’s an engaging job where you can meet with a diverse, multicultural client portfolio.
Of course, becoming one of the highly regarded and successful real estate brokers in Dubai is no easy feat. It is a competitive industry, so be prepared to work hard, regularly engage with customers and learn to identify their needs.
You should also be aware that some brokerage firms hire realtors as independent contractors on a commission-only basis, while others offer a basic pay-plus-commission structure. But even in this case, most of the agent’s income usually comes from commissions.
Wondering how to be a real estate agent in Dubai? While the process has many layers, and successful agents take years to build a strong portfolio of prospective buyers and tenants, the basic approach to becoming a real estate agent in Dubai starts with applying for your broker’s license.
How To Become A Realtor In Dubai
Step 1: Obtain a Residency Visa (For Expats)
The first step to becoming a property dealer in Dubai is to obtain a residency permit under your real estate agency. In Dubai, you cannot be a freelance real estate agent. You must be an employee of a registered real estate brokerage to apply for a Brokers Permit.
Apply for job opportunities with real estate agencies in Dubai hiring for real estate agent roles through LinkedIn, dubizzle (jobs), Bayt, or company sites. If you’ve been shortlisted and called for an interview, check about getting a visa.
UAE citizens and GCC nationals can easily sign up for the licensing process. Expats, however,need to have a valid residency visa to apply for a job as a realtor in Dubai. You can get a work visa in Dubai from your employer or a residency visa sponsored by your spouse working in Dubai.
Please note that if you are under a spousal residency visa, you will require a work permit from the real estate agency.
You will also need your Emirates ID, which comes with becoming a resident of the UAE. If you’re new to the country, here’s a detailed guide on the uses and benefits of Emirates ID.
Step 2: Obtain the Brokers Licence
Once you have received your UAE residency, you must pass the Real Estate Brokerage Exam for a Broker’s Licence. Getting your Broker’s Licence means getting your BRN or Broker’s Registration Number. Property seekers can look you up on DLD’s list of registered brokers using your BRN. In addition, this Dubai real estate licence number is displayed on your Agent Profile on Bayut.
This licence is mandatory to sell properties in the secondary market. Real estate agents selling off-plan properties or leasing agents do not require this permit.
To take the exam, one can attend a four-day course by the IEREI (Innovation Experts Real Estate Institute), which takes individuals through the laws, regulations, and best practices required while working in the industry. The Dubai Land Department (DLD)and the Real Estate Regulatory Agency (RERA)have approved this course.
The next step is to take the exam, which quizzes you on the laws and regulations that govern the Dubai real estate industry. The fee for this exam is AED 3,200 for people who hold bachelor’s degrees, while for non-bachelor degree holders, it is AED 6,300. For applicants with no educational qualification, the fee is AED 15,750. The cost charged by RERA for each of these activities is AED 5,020.
If you’re thinking about getting a bachelor’s degree first, you can check out the list of degree courses for real estate enthusiasts to strengthen your foundation before starting your career in the industry.
Once you pass the exam, you must get a Police Clearance Certificate to apply for your Dubai Broker licence. Available on the Dubai Police website, it costs AED 200 and takes around two days to be processed.
Once received, your agency’s admin team will apply for your Brokers Licence on the Trakheesi portal. They will submit the police clearance certificate, proof of completion of the course at DREI and the passing of the exam. After this, the Economic Department will issue your broker licence and card. Registered real estate brokerages have an account on the DLD site to access the Trakheesi portal and apply on your behalf – using your newly received Emirates ID with a residence visa.
You will receive your credentials (Trakheesi login) and Brokers Licence within one or two days after submitting all the required documents.
You must renew your licence one month before the expiry date to avoid any penalties from the issuing authority.
How to Renew Your Real Estate Agent Licence in Dubai
Your Brokers Licence is valid for one year. Broker’s licence renewal services are available on the Trakheesi portal. While renewing your Broker Card, you will also renew your BRN (Broker Registration Number).
Note that if you fail to apply for renewal within the due date, your licence could be subject to cancellation, or you will be required to take the training course once again.
To summarise, the documents required for the renewal process of a real estate licence in Dubai include the following:
- Copy of valid passport
- Copy of your UAE residence permit
The renewal fee is AED 510.
If you plan on changing agencies, you must cancel your Broker’s Licence and apply for a new one after you receive your new residency visa from the new agency. You will also be issued a new BRN (Broker Registration Number). Remember, you must submit proof of cancellation of your previous Brokers Licence to receive the new one.
Once you kick-start your career in real estate, it’s important to continue staying committed to learning and personal development to succeed in the long term. For starters, you can explore the courses for real estate agents in Dubai. Stay in the loop by being aware of the skills needed to be a top real estate agent, such as time management, prospecting, phone skills, etc.
FAQs about how to become a real estate agent in Dubai
How can I cancel my real estate broker’s licence?
You have to submit an application in the Trakheesi system. There are no cancellation charges.
Do expats need to complete a certain residency period to obtain the licence?
Expats can enrol in the licencing process as soon as they obtain their residency permit. There is no specified period of residency that they have to complete.
What is the minimum age for getting a real estate broker’s licence?
While a university degree is not required to apply for the licence, you must be at least 21 to become a qualified real estate agent in the UAE.
This concludes our guide on how to become a real estate broker in Dubai. Remember that the toughest part of the process begins after you get your licence. Success in the competitive real estate market of the UAE requires more than just credentials.And, of course, cultivate daily habits that will help you stay ahead.
You can always sign up with Bayut Academy and attend highly-rated workshops for real estate professionals on key skills like communication, time management, sales and negotiation.
