How to get a RERA certificate in Dubai?

The real estate market in Dubai is soaring high. The city is awake all the time planning, constructing, and creating new wonders for the world to explore and relish. Besides, every year people from foreign lands come to Dubai to establish their real estate businesses. However, the route to enter this exciting industry involves the procurement of a RERA license in Dubai which is kind of a necessity to run your property business in the country.

Therefore, we have prepared a guide explaining the process and advantages of obtaining this license in compliance with the RERA obligations.

Advantages of becoming a Real Estate Broker in Dubai

Have you ever thought of becoming a real estate agent in Dubai? Well, here are a few good reasons to consider being one –

Attractive financial gains

Properties in Dubai are very high in demand. Thus, a property agent can expect immeasurable commissions and profits, apart from their basic remuneration.

Diverse and multicultural clients

Dubai accommodates one of the most diverse populations with people from all nationalities and cultures settling there. As a real estate agent, you can meet and interact with these people and build a multicultural network comprising both clients and fellow agents.

Exceptional architecture

The amazing architectural wonders of Dubai are popular worldwide. The engineering and art used for their construction are commendable. Real estate agents in Dubai get to showcase these structures and creations to prospective clients and gain enriching experience and appreciation.

Considering the benefits explained, the real estate industry seems astonishing. However, you need to have the skills and abilities to thrive in this highly competitive sector, including the RERA license in Dubai which is the most vital step. The business experts at Shuraa can navigate you through the procedure of obtaining this license and also assist you with the legal formalities and paperwork.

But before getting into the procedure, let’s have a brief study about the RERA, the licensing authority of the real estate sector in Dubai.

RERA and its responsibilities in Dubai

The RERA (Real Estate Regulatory Agency) was launched in 2007 by His Highness Sheikh Mohammed bin Rashid Al Maktoum as the regulatory authority of Dubai’s real estate department. It regulates the property market of the emirate and enforces the rules, thereby providing a legal framework for people associated with this sector.

The authority strives to operate the real estate market smoothly, fairly, as well as efficiently, ensuring that everyone follows the rules and meets the standards. Basically, it provides a level playing field where rules are equal for businesses, agents, and buyers. That means if businesses and real estate agents have any kind of conflict or disagreements, they can turn to RERA to seek clarification and solutions.

The authority oversees the following kinds of businesses in Dubai:

Real estate consultancies
Property brokerages, leasing companies, and mortgage consultancies
Real estate management companies
Real estate service-providing companies
Sale and purchase of property
Promotion And Advertising of properties
Dubai real estate inspection service
Owner associations

Additionally, RERA has a wide range of responsibilities under its orbit, such as –

Issuing licenses to all businesses and organizations working in the real estate sector
Licensing of real estate agents
Managing lease agreements, advertising, and real estate exhibitions
Studying and preparing reports about the sector
Promoting the real estate sector
Conveying businesses and private individuals about regulatory changes relating to the sector

Guide to get a RERA license in Dubai

Check out the below given step-by-step guide towards getting a RERA certificate in Dubai and becoming a real estate agent –

Get a residency visa

If you are a foreigner, the first step would be to get a residency permit. UAE and GCC nationals are exempted from this step. However, expatriates need to have a valid visa to legally work in the UAE. Or else, they can acquire their residency permit through sponsorship by their spouse. Either way, it is important to have a residency visa.

Shuraa can help you apply for your permit and even lead you through the procedure effectively.

Complete the certified training for real estate agents

Once you have your residency permit in hand, the next step is to apply for DREI-certified training. The DREI (Dubai Real Estate Insitute) offers a 4-day training to provide complete insight and knowledge to potential realtors about Dubai’s real estate market, laws, and practices. The course is RERA approved and the applicants can join the session either online or in any training institute at the Dubai Land Department.

Take the RERA exam

Once you are done with all the training modules, appear for the written exam to get a RERA certificate in Dubai. Your performance in the exam would decide if you can continue as a real estate agent. Therefore, it is advised to aggressively go through the materials provided in the syllabus before appearing for the exam.

If you do not have a bachelor’s degree, you can still take the exam. However, the exam fee charges might be more compared to those who have a degree.

Obtain your real estate agent license

The DREI training and RERA registration exam make you eligible to apply for a RERA license in Dubai. The Shuraa representatives can help you with the application by submitting the relevant documents to the Department of Economic Development (DED). The DED will verify the documents and issue the license accordingly.

Renewal of RERA license in Dubai

The renewal process of the RERA license in Dubai must begin a month before its expiration date. The applicant has to take the RERA test again and score at least 85% to proceed with the renewal process successfully.

Once you clear the exam with the required marks, the Shuraa agents will prepare the following documents for submission:

Passport copy, residency permit, and a photograph of the applicant
Qualification certificate
Renewal charges

Remember, any failure in renewing the license on time may lead to the cancellation of the license, and the applicant will have to undergo the entire process from the beginning to obtain a new one.

Tips to get started as a Real Estate agent in Dubai

Getting a license is just the beginning. As the real estate industry is quite competitive in Dubai, you need to continue learning and improving your business strategies. Here are some of the tips to grow your property business -

Seek a reputable real-estate firm – One of the best tips to start off your career in this industry is to find a good real estate company that can offer you good remuneration, commissions as well as benefits.

Know your area – You need to have proper knowledge about the area where the properties are located. Often customers that are intending to buy them enquire about the nearby amenities such as schools, local markets, hospitals, shopping malls, etc. So, if you familiarize yourself with such information and remain updated about recent developments, then you will be able to improvise your business strategies and make changes accordingly.

Expand your reach – Having a wide range of clients, real estate brokers, and other allied professionals in the industry always helps. To increase your reach, it's always better to promote your business through word-of the-mouth-publicity and get recommendations from previous customers.

Work with Shuraa consultants!

The process to obtain your RERA license in Dubai can be quick and straightforward if you have the support of Shuraa Business Setup consultants to assist you in your real estate business formation.

So, without wasting any time, call +971 4 4081900 or WhatsApp your queries at +971 50 7775554.