Before starting your journey to start a real estate business in the UAE, you must have a valid residential visa. Here are the preferences on how to secure one:
Employment Visa:
If a company in Dubai employs you, they will typically sponsor your visa.
Investor Visa:
If you plan to invest in the real estate business in Dubai, you can obtain an investor visa. This usually involves investing a minimum amount in property.
Family Visa:
If you depend on someone with a valid UAE residence visa, such as a spouse or parent, you can obtain a family visa.
Freelancer Visa:
Dubai also offers freelancer visas for individuals who wish to work independently.
Once you have your residential visa, you can proceed to the next steps.
To establish a real estate business setup in Dubai, you must have completed mandatory training programs. These are designed to provide you with the relatable knowledge and skills to function in the Dubai real estate market. The primary training program is:
Dubai Real Estate Institute (DREI):
You must enroll in the Certified Training for Real Estate Brokers course DREI offers. The course covers various aspects of real estate, including:
- Real estate market principles
- Laws and regulations governing real estate in Dubai/li>
- Code of ethics and professional conduct
- Real estate marketing and sales techniques
- The course typically takes a few days and is available online and in person.
After completing the training program, you must pass the Real Estate Regulatory Agency (RERA) exam. The purpose of this test is to check your knowledge of Dubai’s real estate market and regulations. Here’s what you need to know:
Exam Registration:
Register for the RERA exam through the Dubai Real Estate Institute (DREI) website.
Exam Content:
The exam consists of multiple-choice questions covering topics such as:
- Real estate laws and regulations in Dubai
- Brokerage operations
- Real estate ethics and professional conduct
Passing Score:
You need to achieve a passing score to move on to the licensing process. The passing score may vary, so check the latest requirements on the DREI website.
Once you have passed the RERA exam, you are close to setting up a real estate business in Dubai and can apply for your real estate broker’s license. Here are the steps involved:
Submit Application:
Submit your application to the Dubai Land Department (DLD). The application should include:
- Proof of passing the RERA exam
- Copies of your residential visa and passport
- Passport-size photographs
- Any other documents required by the DLD
Pay Fees:
You must pay the required licensing fees. The fees can vary, so check the current rates on the DLD website.
Approval Process:
The DLD will review your application and conduct any necessary background checks. Once approved, you will receive your real estate broker’s license.