Dubai is a luxurious and rapidly growing city among many prosperous cities in the UAE. Everybody starts dreaming of a career in the real estate market in Dubai. The real estate market provides clients from all over the world. If you are looking to start a career in real estate Market you are at the right place. We will guide you in this Article How to become a real estate agent in Dubai.
Dubai Real Estate Market
The real estate market of Dubai has grown for many years and can attract thousands of clients. Since 2024, Dubai’s real estate market has been developing continuously and overwhelmingly in prosperous countries. Facilities, opportunities, tourism, finance, and trade enhance the base of Dubai’s real estate sector. The government is taking the initiative to grow the new real estate market approaches.
4 Steps to Become a Real Estate Agent in Dubai
Following are the few steps to becoming a real estate agent in Dubai.
⦁ Get a Residency Visa
The first crucial step to becoming a real estate agent is obtaining a residence visa. You must secure a residency visa if you do not belong to the Gulf Cooperation Council (GCC).
After getting a residence visa, then you can secure additional official documents like an Emirates ID and get a permit letter to work in Dubai.
It is mandatory for you to inspect all the necessary documents before initiating the procedures. You must check your background documents and be prepared with your local authority’s signed certificate of good conduct.
⦁ Register Yourself in Training by Dubai Real Estate Institute (DREI)
After securing a residence visa, register yourself for the training at the Dubai Real Estate Institute.
It includes a day’s training session. Many other institutes also offer real estate training, such as the Innovation Experts Real Estate Institute (IEREI). DLD and RERA courses enable you to gain information regarding laws, regulations, and real estate practices
This course involves many topics:
⦁ Industry growth and records
⦁ License Registration
⦁ Legal Policies
⦁ Critical aspects of skills and expertise
You have the opportunity to take online classes at DLD and RERA Institute. The actual cost of the Real estate training online course is AED 3,000.
⦁ Finish RERA training and Pass the Exams
After completing the RERA training, you are capable of knowing everything in the course. It is mandatory to take RERA exams. It will check your knowledge and capabilities regarding laws and regulations and the lawful infrastructure you learn in training courses. You have to pay an exam fee, depending on which degree you hold.
In the following, there is detailed information on exam fees:
⦁ AED 3,200: Bachelor’s Degree Holder
⦁ AED 6,300: Non- Bachelor’s Degree Holder
⦁ AED 15,750: No Qualification
The course content is so easy that you can pass the test easily.
⦁ Securing a Real Estate Agent License in Dubai
A Realtor license is mandatory to initiate a real estate agent in Dubai. Apply for a real estate agent license in Dubai after finishing the DREI training and RERA exams. A certificate of good conduct is also crucial to attach to the application for a license to the Economic Department.
Don’t worry; the Economic Department will issue a license for realtor agent estate in Dubai within 2-3 days. A real estate license can only be used for 1 year. After that, it will expire, and you have to renew it.
Renewal of Real Estate Agent License in Dubai
It is necessary for you to activate your License every time. The following steps explain how to renew real estate agent License.
⦁ Regularly check the expiration date of your real estate license to continue the process of renewal.
⦁ Combine all your official documents, like a copy of your passport, residence visa, and Emirates ID.
⦁ Go to the Dubai land department to update any type of changes in your documents.
⦁ Make sure you present in the seminar of the mandatory Continuing Professional Development (CPD) course inaugurated by RERA.
⦁ The renewal fee for a real estate license is 510 AED.
⦁ Attach your all-official proof required by RERA, involving additional paperwork.
⦁ Set your interview time for renewal of your real estate agent license in Dubai.
Actual Cost of Securing a Real Estate Agent License in Dubai
The total cost of implementing a real estate agent license in Dubai begins from 10,000 AED. But, still, it depends on different factors:
⦁ Dubai Real Estate Institute (DREI) Training
⦁ RERA Exam clearance fee
⦁ Renewal fee of license after deactivation
⦁ Service fee is paid to the Government.
Significance of Becoming a Real Estate Agent in Dubai
Becoming a licensed real estate agent in Dubai is convenient and easy. Dubai government provides many lavish facilities to agents. Here are some benefits of becoming a real estate agent in Dubai.
⦁ Handsome Financial Package
Starting a real agent career as a foreigner in Dubai provides lavish opportunities and high-earning profit. Dealing with high-value sales opportunities leads to profitable incentives. All these opportunities are the outcome of handsome financial profits.
⦁ Meeting with Clients Globally
You meet with many diverse clients from all over the world. Becoming a real estate agent in Dubai is enriched by handsome facilities and opportunities after meeting clients. The association and meetup with clients provide multiple benefits.
FAQ
Question 1:
What are the basic requirements for becoming a real estate agent in Dubai?⦁ The applicant must be more than 21 years old.
⦁ Residence visa
⦁ DREI Training
⦁ RRA passing Exam
Question 2: Should I be a UAE national to become an agent?
No, a foreigner or expat can also become a real estate agent.
Question 3: How much can I profit as a real estate agent in Dubai?
You can earn from 8,000 AED to 3,500 AED as a real estate agent in Dubai
