How to Obtain a Real Estate Broker License in Dubai, UAE?

The real estate industry serves as a major facilitator of the UAE’s economic diversification and continues to be a substantial contributor to Dubai's GDP. As Dubai continues to welcome more and more global investors and expatriates, the demand for licensed and qualified real estate agents continues to grow. Not only is obtaining a real estate license in Dubai a legal requirement, but it also adds credibility and professionalism to your status. A license indicates that one has adhered to regulatory stipulations and allows for a higher level of trust from clients, and creates more opportunities. For anyone who is interested in entering this domain, getting this business license in Dubai is a critical element towards a thriving career in one of the most exciting property markets in the world. 

 

What is a Real Estate Broker License in Dubai?

A real estate broker license is required to hold the position of a real estate agent in Dubai. This is a certification process, recently introduced by the Dubai Land Department, significantly updated in 2022 to also require all brokers to take an exam to earn a qualification.‬ Having a real estate business license in Dubai helps to make sure that anyone in that industry is qualified and will adhere to certain industry standards.

Moreover, the key purpose of a real estate brokerage license is to protect the interests of consumers and to conduct a real estate transaction in an ethical and open manner. Licensing brokers guarantee a level of professionalism when required and can prevent fraudulent behavior. 

Eligibility Criteria When Applying For a Dubai Real Estate Brokerage License

If you are looking for a real estate mainland company formation in Dubai or even a freezone, you are required to have a relevant license. However, some key eligibility aspects need to be met. Here is who can apply for this license:

• You must have completed a RERA (Real Estate Regulatory Authority)
• You must be a legitimate resident of Dubai (UAE).
• There is a minimum applicant age of 21 years to obtain a real estate business license in Dubai.
• Approved training program. This training program will likely include coursework on real estate law, ethics, and practices.
• You must pass a RERA-approved exam after completing the training credential.
• A high school diploma or the equivalent is generally required.
• If you are going to start a real estate brokerage company, you must register the company with the Department of Economic Development (DED), which is part of the mainland company formation in Dubai process. 

Documents Required for Real Estate Broker License Application

Here are some of the key documents required for your real estate business license in Dubai:

• A copy of your passport and Emirates ID.
• A valid residence visa.
• A passport photograph
• A Good Conduct Certificate.
• Your high school or equivalent certificate (attested).
• Proof of completed training course and results of the exam.
• Any other document required by DLD or DED.

Make sure that you have everything ready so there are no delays or errors. If you do not have enough understanding of this, you can seek help from reliable business setup consultants in Dubai, UAE, who can guide you with mainland or freezone company formation in Dubai. 

Steps to Get a Real Estate Brokerage License in Dubai

The comprehensive process of applying for a real estate business license in Dubai generally involves the following steps:

1. Finish the RERA Training Course

One of the most significant steps each broker is obliged to take is signing up for the mandatory "Certified Training for Real Estate Brokers" course organized by RERA. RERA training courses cost approximately AED 3,000 and can be online or in person. This course covers significant topics that include real estate law, ethics, and market practices in Dubai. After you complete the RERA course, you will then be required to pass the RERA exam to qualify for a brokerage license.

2. DED Business Registration

If you intend to execute a real estate mainland or freezone company formation in Dubai, you will be required to register your business with the DED and determine the most appropriate business structure (sole proprietor, LLC, etc.). This involves securing a trade name and obtaining initial approval for your real estate business.

3. Apply for the Real Estate Brokerage License

Once you have passed the RERA exam and registered as a business, you can submit your application for a real estate business license in Dubai through the DLD. Applications can be made online through the DLD's Trakheesi system to allow brokers the most streamlined experience.

4. Submit Required Documents

Gather all the required documents, including your RERA certificate, passport copies, Emirates ID, and business registration documents (if any). You will also need to provide your office tenancy agreement and Ejari certificate if you are setting up a brokerage firm. Moreover, you will also have to pay the relevant real estate brokerage license fees. Fees will include the registration fee, the RERA training course, and any necessary DED fees.

5. Review and Approval

After submission of your application and fees, the DLD and RERA will process your application. If everything is in order, you will then receive your real estate brokerage license. The license is valid for one year and must be renewed annually to remain active.

6. Register with the Dubai Brokers System

When your business license in Dubai is approved, you will need to register your brokerage in the Dubai Brokers system, which regulates and keeps track of real estate agents and transactions in Dubai.

7. Set Up Your Brokerage

If you are setting up a real estate brokerage firm, you will need to hire agents and set up your office, while also ensuring compliance with local laws. It is beneficial to work with business setup experts in Dubai, who can assist you throughout the process.

Real Estate Broker License Costs

Knowing the cost of a real estate broker license is essential to planning your career in Dubai’s real estate market. Below is a breakdown of the usual costs:

Brokerage Practice Exam Fee: AED 786
Police Clearance Certificate: AED 220
Broker Card: AED 536
Emirates ID Typing: AED 385
Training Course (Optional): AED 1,575

The exact real estate broker license costs and processes may differ a bit depending on the real estate brokerage that you join. 

Conclusion

To begin your career in one of the fastest-growing property markets globally, it is important to obtain a real estate business license in Dubai. This comprehensive blog will guide you through the steps and prepare you well and confidently for obtaining a real estate agent license. Each step is important, so make sure you follow them adequately.

If you are ready to take the next step and discover the endless opportunities in Dubai's real estate market, Start Any Business (India Branch) can assist you. Their experts can help you with everything, including business registration, processing of documents, professional advice, and more. As experienced players in the business setup sector, they can guide you through the RERA certification application process and make sure that you meet all your obligations.