The UAE occupies a remarkable post in the international real estate market thanks to its impressive infrastructure, super modern skyscrapers, and premium engineering. Many look forward to becoming real estate agents in such a flourishing market, especially in Dubai.
How to become a real estate agent in UAE: step by step:
Entering the UAE:
You have to be present in the UAE legally. If you are not an Emirati or a GCC citizen, you have to earn a legal residency permit. This can be either a sponsorship (work) visa or a residency visa sponsored by a working spouse in the country.
Enrol in certified training:
The most popular training course is called “The Certified Training For Real Estate Brokers”. This course is certified by The Real Estate Regulatory Agency “RERA” under the supervision of the Dubai Land Department “DLD”.
The course content includes the UAE real estate laws, property management methods, brokerage laws, ethics, leasing and rental agreements, market players, sales, and more. This course is available online and offline and it typically lasts for 4 days. The cost is between AED 3,000 and AED 4,000.
Complete the RERA exam:
After completing the training course, you have to clear the RERA exam. It tests your knowledge of what you have received in the course content. The test is paper-based and you have to score 75% to pass it. It costs between AED 3,200 and 6,300 according to your previous level of education.
Obtain the license:
Once you have cleared your RERA exam, you can apply to obtain a realtor license. Submit the following documents to RERA:
- Exam results
- Copy of a valid passport
- An Emirati ID
- A valid residential permit
- Certificate of Good Conduct
Within one or two days, you will receive your broker’s license.
The license needs to be renewed annually.
Join a registered real estate brokerage:
To work as a real estate agent, you have to work under the license of a registered real estate firm. For instance, look for a brokerage in Dubai and apply as a licensed real estate agent in Dubai with it. Don’t skip the contract!
Important tips you must know as a real estate agent in UAE:
- Apply for your license renewal one month prior to its expiry. Otherwise, you will face a penalty.
- If you want to cancel your broker license, you have to submit a cancellation application through the “Trakheesi” gate. It is free of charge.
- Becoming a real estate agent doesn’t require a bachelor’s degree, only a high school diploma will do. Nevertheless, having a bachelor’s degree will cut the expenses of the RERA exam from AED 6,300 to AED 3,200.
- You must be at least 21 years old to apply to become a real estate broker.
- You must expand your social network, brand yourself, and stay updated to excel in this career.
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Why become a real estate agent in Dubai:
The UAE, especially Dubai, has some of the most expensive properties in the world. Being a successful broker can guarantee you substantial sales and rental commissions. This market is extremely diverse; you can work with residential apartments, villas, offices, shops and plots.
Check also: Properties For Sale In Dubai.
Rules in the UAE don’t impose income taxes on individuals, so a real estate agent will keep a modest portion of their income. Moreover, the working hours of a broker are flexible so you can arrange your day as suits you best. Dubai attracts different nationalities for leisure and investment. Dealing with such international clientele will widen your horizon and expand your social network. This social engagement will lead to professional growth and a stronger portfolio. Last but not least, who wouldn’t want to live in Dubai?! A luxurious lifestyle with all the amenities one may ever need.
FAQs about becoming a real estate agent in UAE:
How long do expatriates have to stay in the UAE to apply for a broker license?
Actually, one can apply to the certified training course once they get the residency permit; no specific period is needed.
Do I need to be holding a bachelor’s degree to become a real estate agent in UAE?
No, a bachelor’s degree is not a necessity to become a real estate broker in the UAE. However, you have to be 21 years old or older.
How often is the broker license renewed?
It is renewed annually.
