The act of acting as an agent to sell real estate in Dubai is a highly regulated affair, thanks to the effort of Dubai government. Real estate agents involved in the sale of the property market in Dubai are referred to as brokers and related divisions of Dubai government, such as RERA keep a database of brokers who are registered Dune buggy Dubai. The efforts of RERA together with that of the Dubai government to regulate brokers' registration and issuing licenses to them, is crucial to creating transparency, and safeguarding everyone involved in a transaction.

Generally, registered brokers in Dubai are classified into two broad classes:

Class A - mostly local UAE nationals who were the driving force behind the growth in Dubai and are exempt from the other registration eligibility requirements under the authority of the Chairman. Their names are recorded in the Broker's Register at the RERA and accompanied by certificates from the Chairman

Class B – Individuals and businesses locally and internationally, who fulfill the eligibility requirements of the broker's license as well as possess an active license issued by competent authorities

Eligibility Requirements to Broker Property in Dubai

To trade in real estate within Dubai as a licensed Class B registered broker, both international and local applicants have to fulfill the following minimum eligibility criteria:

Take the Brokerage test that is administered by the Land Department

Graduate from any educational course on real estate recognized through the Land Department

Prove that none of the owners or directors of the company that you're requesting before been declared bankrupt or been convicted of a crime involving breach of trust or honor.

Join the Dubai Chamber of Commerce Industry

Obtain valid ownership or lease for the brokerage office.

Obtain a valid trade license from the relevant authorities

Every individual working under a brokerage company, or as a broker of property in Dubai is also required to have an registration with the authorities. Then they will be issued identification cards with a photo. license numbers from RERA.

How can a Real Estate Agent Outside Dubai Deal with Property in Dubai

An important point to remember is that those who operate outside of the normal jurisdiction of Dubai government are not able to be registered on the broker's register. This is also the case for individuals operating from free zones and offshore entities located in the UAE. However a registered developer with a registration as broker is able to apply for a "Special Permit" to be given to a person outside Dubai to sell properties. In such instances,

The agent's external counterpart must prove his or her credentials from their respective government-certified and attested UAE acceptable format

There needs to be a formal contract between the Developer and the Agent and its signed copy presented to authorities in Dubai. Dubai authorities

The Dubai registered broker needs to send an undertaking to authorities in order to be completely responsible for the actions of the external agent

An outline of the company's profile for the external agent together with verified copies of passports and evidence of residency for each director of the external company needs to be filed

The entire purchase, including the part-payments, needs to be paid into the trust account of the relevant property in Dubai

In the event that the above requirements and the other requirements are met, Dubai authorities for land may issue the permit special required by a company or person who is located outside Dubai to act as an agent for properties in Dubai.