Real Estate License in Dubai

Dubai as a destination has grabbed the attention of international investors in the recent era. This, however, led to the increasing demand for agents in the oeuvre of real estate. If you are ambitious about setting up a real estate career in Dubai, or you are already involved in the real estate industry and looking forward to moving to Dubai, you first require a real estate licence. We at Business Setup Dubai will offer you guidance in securing a real estate licence in Dubai in the most effective way. We also provide effective advice on how to set up a successful real estate business in Dubai. There are several steps involved in securing a real estate licence in Dubai. Getting a licence will help you kick-start your career as a successful real estate agent in Dubai. You would also require complying with some legal requirements. Read thoroughly to gain all the relevant information.

Why Should You Choose To Secure A Real Estate License In Dubai?

Before moving on to the various steps, it is essential to discuss the necessity of getting a Dubai Real estate license. With the emergence of Dubai as one of the most favoured destinations for investors worldwide, the demand for skilled agents has become the new requirement of the market.

The new business formations in Dubai are looking forward to real estate agents for expert services and skilled consultants. Therefore, getting a license is the key to securing a successful career in UAE.

By following all the steps mentioned below, you can pursue your career as an agent or consultant or open a real estate brokerage company.

Step 1: Secure An Authentic Residence Permit:

A valid residence permit in UAE is essential before kick-starting your career as a real estate agent. There are various investor visa options as well as permit options. You need to choose one according to your plan for settlement and circumstances. If you need clarification, Business Setup Dubai, with its expert consultants, will help you decide the perfect option for residence and assist you throughout the process concerning application and documentation.

Step 2: Secure RERA Certification:

RERA stands for UAE’s Real Estate Regulatory Authority, which keeps an eye on real estate experts, professionals, businesses and practitioners. RERA certification is a prerequisite for becoming a certified UAE real estate agent. However, to secure RERA certification, you need to pass the RERA exam.

Step 3: Apply For A Real Estate Licence:

Once you have obtained RERA certification, you can consider applying for a real estate licence from DLD (Dubai Land Department). The process of application requires the completion of a few steps, which are mentioned below:

Reservation of a trade mane
Securing a NOC certificate from DED ( Dubai Economy and Tourism)
Submission of all the relevant or required documents.

Once your application is approved, you will receive your licence soon and move forward in starting a business on your own or pursuing a career as a real estate agent. Consult Business Setup Dubai to gain all the knowledge regarding real estate developer company license, investor visas, starting a company in UAE, and helpful consultation services, among many more.

Frequently Asked Questions

1What Is Meant By Freehold Property?

Freehold property is a purchase in which the buyer owns both the plot and the unit. The buyer is the landowner, and the title deed is typically named after them. The holder of the title deed can transfer or pass the property to their successor and is also able to sell the property. The owner can use it for any means as far as it complies with federal rules and regulations.

2What Is Meant By DLD Waiver?

DLD waiver refers to renouncing the DLD fee typically imposed on a property during purchase. The general DLD fee is 4% of the value of the property that the buyer is subject to pay. In the case of a DLD waiver, the buyer is freed from the requirement of a DLD fee payment.

3Is There Any Difference Between Freehold And Leasehold?

Freehold refers to the complete ownership of the buyer of a property. In such a scenario, the buyer will have their name on the title deed. On the other hand, leasehold property refers to a scenario where the buyer gets the property on a lease for a fixed period, ranging between 10 and 99 years. Therefore one can only buy it partially.

4What Is DEWA?

DEWA refers to the short form for Dubai Electricity and Water Authority. As the name suggests, it controls Dubai’s water supply and electricity.

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Real Estate License

Real Estate License in Dubai