Real estate agent in Dubai

The real estate market in the UAE is dynamic and constantly growing, providing more and more opportunities for buyers and investors around the world. The government is working hard to ensure that the infrastructure, legislation, economy and much more are constantly being developed, making the country more and more attractive to foreigners. In particular, this applies to Dubai, where foreign buyers can freely purchase any residential or commercial property. However, the diversity of real estate often confuses those who are planning to purchase a home for the first time in the Emirates. We need a real estate agent in Dubai who will take care of all the necessary work. Although the Internet is an excellent source of information, it cannot replace the entire real estate service when buying and selling property in Dubai. In this article, UAE Assets will tell you about the functions of a real estate agent in the UAE, the amount of his remuneration and other important details.

Benefits of working with a realtor in Dubai

How to choose a good realtor and is it necessary? In fact, contacting the developer directly is unprofitable for customers. In most cases, they are only interested in selling their properties, so they will not recommend competitors' projects, which limits the ability to compare housing from different developers. An experienced real estate agent in Dubai will be able to explain the advantages and disadvantages of the chosen property, as well as suggest other interesting options. For example, UAE Assets cooperates with such popular developers as Emaar Properties, Dubai Properties, Damac Properties and so on. This allows us to offer clients the most valuable and interesting projects in the Dubai real estate market. The company's brokers try to satisfy clients' requests and provide the necessary assistance, even if it is necessary to resell or rent a property in Dubai.

The real estate industry in the UAE is governed by strict regulations and collective measures. They are enforced by the Land Department (DLD) and RERA, which indicate the established rules for making sales transactions. In addition, real estate agents in Dubai must be licensed, know the local market and have connections with developers. At the same time, experience is one of the main reasons for hiring a realtor, since such a specialist is able to choose the appropriate option from hundreds of offers, based on the preferences of the client. Brokers understand the trends and conditions of today's real estate market, so they are familiar with the intricacies of the market and have access to more information about available housing options.

How is the work of a realtor in the UAE regulated?

The work of realtors is clearly regulated and regulated by Law No. 85 of 2006. All points and aspects of real estate work are entered into the contract, as well as important details of cooperation with the client are marked. Each emirate has its own regulatory body. For example, in Dubai, this is the Department of Land Resources - RERA (Real estate Regulatory Authority). To carry out real estate activities, the agent must have a special card with an individual number and a certificate of passing the exam. Both documents are valid for exactly one year from the date of issue to the agent. To extend them, the broker must pass a special state exam, scoring at least 85 points out of 100 possible.

An individual number on the broker's card, without which the realtor is not entitled to provide his services, is given only once and is assigned to the specialist on an ongoing basis. In the UAE, it is mandatory in all advertisements published by the agent and is regulated by the RERA department. In preparation for the written conclusion of the contract, the agent must prepare and submit three documents in special forms A, B and F. The control of such transactions in Dubai is carried out by DLD (a division of the RERA department).

Who pays a commission to a realtor in Dubai

The standard commission of a realtor in Dubai is 2% of the property value, unless otherwise provided by the contract. As an additional payment, 5% VAT may be required. The commission of a broker in Dubai is usually paid by the buyer, although there are no set rules. Sometimes the buyer and seller can agree on this item, and it can be paid either in half or by the seller. If the property is purchased directly from the developer, then the commission does not need to be paid. It is worth noting that this is only relevant if the seller and the client cooperate with a common broker. If each has its own agent, then the employer pays for his services. The realtor receives a commission when the keys are handed over to the buyer. Payment is made through a master check, thanks to which the bank can confirm the presence of the required amount in the account.

If you are interested in a real estate brokerage firm in the UAE or need a realtor in Dubai, then contact UAE Assets. Experienced agents of our company will select for you an object according to your wishes and help you acquire the desired property. To contact us, use the contact phone number or fill out the feedback form. We will contact you as soon as possible and consult on your questions.