If you’re passionate about earning a substantial income through dedication, hard work, and commitment, becoming a real estate agent in Dubai could be the perfect opportunity for you. But how do you get a real estate license in Dubai? Here’s your comprehensive guide.
In Dubai, anyone with strong communication, marketing, and technical skills can become a successful real estate agent. However, not everyone who obtains a real estate agent license will thrive in this field.
Before diving into the specifics of getting a brokerage license in Dubai, let’s clarify some essential points that aspiring real estate brokers should know.
Qualifications for a Real Estate Agent in Dubai
There are no strict educational requirements to become a real estate agent in Dubai. If you can generate business for a brokerage firm, they’ll reward you with commissions and provide you with a work identity.
However, having a bachelor’s degree in a related field can accelerate your understanding of the market, giving you a competitive edge.
How Much Can a Real Estate Agent Earn in Dubai?
Earnings for real estate agents in Dubai can vary widely depending on the brokerage firm’s policies.
Some firms offer basic salaries, bonuses, and commissions, while others may not provide a monthly salary at all, leaving you to rely entirely on commissions.
Your income as a real estate agent in Dubai is directly tied to your knowledge and experience in the industry.
Consistently engaging with clients and understanding their needs can help you build a strong portfolio and increase your earnings.
On average, real estate agents in Dubai can earn between AED 9,000 and AED 30,000 per month. The more business you bring in, the more commission you can generate.
Now, let’s walk through the steps to becoming a licensed real estate broker in Dubai.
How to get real estate license in Dubai?
Step 1: Obtain a Residency Visa
If you’re a UAE national, you have the freedom to work in any job without restrictions. However, expatriates must obtain a residency visa to work and do business in Dubai.
If you already have a residency visa through another organization or via a UAE resident relative, you’re eligible.
Some real estate brokerage firms may even sponsor your residency visa if they hire you as an agent.
Step 2: Complete the Required Training
Most brokerage firms provide new agents with in-house training to familiarize them with the company’s history, business policies, and the Dubai real estate market.
Additionally, the Dubai Real Estate Institute (DREI) offers a mandatory training course for new brokers.
This four-day course introduces participants to the local real estate industry and is certified by the Real Estate Regulatory Authority (RERA), the regulatory body of the Dubai Land Department.
The training fee is currently AED 3,000, and your employer may cover this cost, or you may need to pay it yourself.
Step 3: Pass the RERA Exam
After completing the training, you’ll need to take the RERA exam, which assesses your knowledge of the national and regional real estate market.
The exam fee is AED 3,200 if you have a bachelor’s degree, and AED 6,200 if you don’t. The questions are based on the DREI course, so it’s crucial to pay close attention during training.
Step 4: Apply for the Real Estate License
Once you pass the exam, you can apply for your real estate license. Submit your application along with the required documents, and the Dubai Department of Economic Development will issue your license within two days.
The real estate license is valid for one year and must be renewed annually. To renew, you’ll need to retake the exam and score at least 85%. The renewal fee is AED 510, which must be paid each year before your license expires to avoid penalties.
Wrapping Up
Obtaining a real estate broker license in Dubai is straightforward. While the process might seem more expensive than other professional training programs in Dubai, the potential earnings from closing just one deal can more than cover these costs.
