The Economic Department will review all documents and issue a Broker's License within a few days / Veyron
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The process of becoming a real estate agent in Dubai involves several crucial steps, ensuring compliance with the country’s laws and regulations.
As the emirate’s property sector booms, the real estate profession soars with many looking to pursue this as a career path.
Here is what is required to become a real estate agent in Dubai:
Residency visa
For individuals who are neither UAE residents nor GCC nationals, the first crucial step involves obtaining a valid visa.
Once the residency visa is secured, applicants must proceed to get an Emirates ID.
Certified training for real estate brokers
With the legal aspects in place, aspiring real estate agents must undergo training to ensure competence in the field.
The Dubai Real Estate Institute (DREI) offers a comprehensive four-day course covering various aspects of the real estate market, including industry dynamics, legal agreements, ethical codes of conduct, and more.
The course, accredited by the Real Estate Regulatory Agency (RERA) and the Dubai Land Department (DLD), equips candidates with the necessary skills and knowledge to navigate Dubai’s real estate landscape.
Candidates can attend the course in person at the RERA training center or opt for the online version. The course fee is AED3,000 ($817), and registration requires an Emirate ID and residency permit.
RERA exam
Following the DREI training, candidates must take the Real Estate Regulatory Agency (RERA) Exam. The written exam assesses candidates’ understanding of real estate principles and regulations.
The exam fee is AED3,200 ($872) for individuals with a bachelor’s degree and AED6,300 ($1,715) for those without.
Agent’s license
Upon successful completion of the RERA exam, candidates need to submit their DREI course completion certificate, RERA Exam confirmation, and a good conduct certificate.
The Economic Department will review the documents and issue a Broker’s License within a few days. It’s important to note that this license requires regular renewal.
Agents reporting over AED150,000 in commission
George Magazine reported that real estate agents in Dubai are earning up to AED150,000 as the city’s property market continues to lure more global investors.
The approximate income of real estate agents could go up to AED500,000 annually and is expected to see a significant jump this year as Dubai’s real estate market continues to boom.
“Real estate agents in Dubai earn varying amounts, with transactions ranging from AED5,000 to AED150,000 as [real estate] deals in the city just don’t happen without agents,” said Olga Strakhova, an analyst and broker at Colife Invest, a global real estate consultancy and rental services firm.
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