10/03/2018

Essential tips for real estate brokers in Dubai

It’s little wonder Dubai is such an attractive proposition for real estate brokers. Last year, the market contributed Dhs 27.6 billion to the emirate’s GDP (an increase from 2016), while the Dubai Land Department’s records show that there were just under 3,000 property transactions in the first half of 2018, with the total cost of commission for brokers coming in at Dhs 571 million. Of course, figures like these equal a fight for listings and clients.

In this blog, we’ll talk about how Dubai Properties can help you stand out from the crowd, with key details and essential tips for brokers, both those who are already part of the city’s network and prospective brokers looking to benefit from the rewarding payment plan offers.

The Essentials

All brokers who work in Dubai’s real estate market must be registered with the Real Estate Regulation Authority (RERA). Potential agents must enrol in the Certified Training for Real Estate Brokers course and pass an exam that covers topics such as ethical codes, property registrations, contractual issues and an overview of the owner’s association. Upon completion, brokers will be given a Real Estate Brokers Card that licenses them to act on behalf of buyers and sellers. 

Brokers in Dubai are placed into two categories:

  • Category A brokers have industry experience, are registered on Dubai Land Department’s roll of brokers and certified by the chairman, but haven’t been licensed by the relevant department. Brokers in this category are exempt from registration requirements.
  • Category B brokers practise their profession in accordance with their licence. This licence needs to be renewed on a yearly basis.
     

Knowing the Market

While it goes without saying that the most successful brokers have a can-do attitude and natural ability to build a rapport with their clients, there are many preparatory courses in Dubai that can give you the edge and greaten your knowledge of the market. The Dubai Real Estate Institute (DREI) runs a range of classes, from ones that update brokers on relevant laws, procedures and transactions to workshops on how to thrive in the digital age and use social media as a tool to market your properties and get involved in the community.

Offers

Dubai Properties offers competitive prices along with exceptional payment plans for property buyers in Dubai: 5 Years Post-Handover Payment Plan with 25% only during construction, 3 Year Service Charge waiver and Dubai Properties will bear 100% DubaiLand Department Fees

About Dubai Properties

At Dubai Properties, we know the market like few others, and have an extensive, diverse portfolio of properties that attract homeowners of varying needs, wants and budgets. We’re currently expanding our range with new landmarks and properties in popular communities, such as Bellevue Towers in Business Bay and 1/JBR.

We have some of the most attractive welcome deals in the market, including a four-year post-handover payment plan with just 40% payment required during the construction phases. Our commitment to being an attractive developer for people in the market for a new home doesn’t end there, either – our property management services include community and facility maintenance and e-services.

So, if you’re interested in earning great commission on high-return off-plan and existing residential properties, the flexible inventory and established reputation of Dubai Properties is the perfect choice for you. Get in touch today.

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