Ask the expert: How to find a good agent in Dubai
Ask the expert: How to find a good agent in Dubai
Answering questions on foreign ownership in Dubai and how to find and be a good agent and in Dubai.
This article is intended as a preliminary guide only and refers to some but not all elements required to consider in detail prior to starting any property dealings or due diligence. Property dealings are often complex, especially in foreign countries and we highly recommend you seek independent professional advice... read more...
I want to sell my property. How do I go about finding a good agent in Dubai?
First and foremost, you should confirm that the listing broker is licensed by RERA. This can be done via the Dubai Land Department website under “Search for Approved Brokers”. The “Dubai Brokers” app is also available for download on mobile devices. Next, meet with the broker and ask to see recent listings, about their expertise in your area and how and where your property will be marketed. Also, don’t be afraid to ask for references from previous clients.
Can a company own a property in Dubai?
A company that is wholly (100 per cent) owned by GCC nationals or another GCC company, or a company listed on the GCC stock exchange (Public Joint Stock Company), may purchase property anywhere in Dubai. A company that is not wholly GGC-owned, or one that is registered in a UAE free zone, may own property in a designated (freehold) area. Offshore companies may only purchase property in a designated area by establishing a Jebel Ali Free Zone Authority (JAFZA) company, and purchasing the property through the Jafza company.
I would like to become a real estate broker. What is the process? Once I am licensed, can I be a freelancer and work for different real estate companies?
To become a real estate broker in Dubai, the first step is to obtain an employment visa through a real estate company. Then, you must register and attend the four-day Broker Training Course at Dubai Real Estate Institute (DREI), the educational arm of the Dubai Land Department. After the course, you must sit for the exam and pass with a minimum score of 85 per cent. Once the DREI certificate is received, a good conduct certificate must be obtained from Dubai Police. Your company can then apply for the broker ID through RERA. You cannot freelance between various real estate companies, as a broker must be sponsored through one real estate brokerage.
See also:
Payment plans and construction milestones
Travelling essentials to pack for a holiday to Turkey
The Power of Attorney for real estate in Dubai
This article and the above linked artciles are not complete and are intended as preliminary guides only. These guides refer to some elements to consider prior to starting any property dealings or due diligence. Property dealings are often complex areas, especially in foreign countries and we highly recommend you seek independent professional advice... read more...
