Dubai’s real estate market is one of the fastest growing and most exciting in the world, attracting investors and property professionals from everywhere. With its stunning buildings, modern infrastructure, and a large expat community, the demand for properties, whether residential or commercial, is constantly increasing.
In fact, the Dubai real estate market saw significant growth, with sales rising 30% year-on-year to AED 233.16 billion in H1 2024, up from AED 179.5 billion in H1 2023, according to official data from the Dubai Land Department.
To be part of this booming market, real estate professionals need to operate legally, and that’s where the real estate brokerage license comes in.
A real estate brokerage license in Dubai allows brokers and agencies to conduct business legally in the UAE and offers protection for both clients and brokers.
The Dubai Land Department (DLD) and the Real Estate Regulatory Agency (RERA) play key roles in regulating the real estate market in Dubai. The DLD oversees property registration and regulates the real estate sector, while RERA focuses on ensuring transparency and fair practices within the industry. As a licensed real estate broker, you will need to adhere to the guidelines set forth by these regulatory bodies to conduct business in Dubai.
Here we will walk you through the process of obtaining a UAE real estate brokerage license, the benefits of having this license, and the important role that the DLD and RERA play in the real estate industry of this vibrant city.
What is a Real Estate Brokerage License?
A real estate brokerage license in Dubai is a legal authorization granted by the Dubai Land Department (DLD) to individuals or companies to engage in real estate brokerage activities within the emirate. This license signifies that the holder has met the necessary qualifications and standards set by the regulatory authorities and is authorized to represent clients in property transactions, such as buying, selling, or leasing.
The primary purpose of a real estate brokerage license is to protect the interests of consumers and ensure that real estate transactions are conducted ethically and transparently. By licensing brokers, the DLD aims to maintain a high level of professionalism in the industry and prevent fraudulent activities.
Purpose of the Dubai Real Estate License:
- The license ensures that real estate professionals are operating within the legal framework set by the DLD.
- It safeguards the interests of buyers, sellers, and landlords by providing a regulatory oversight.
- It establishes a minimum standard of knowledge and expertise required for real estate practitioners.
Key Responsibilities of a Licensed Broker:
- Brokers must accurately represent properties and provide honest information to clients.
- They should treat all parties involved in a transaction fairly and equitably.
- Brokers must comply with all applicable real estate laws and regulations.
- They have a duty to protect the interests of their clients and act in their best interests.
- Brokers must disclose any conflicts of interest or material facts related to a transaction.
Failure to adhere to these responsibilities can result in disciplinary action, including license suspension or revocation. It is essential for licensed brokers to stay updated on the latest regulations and industry best practices to avoid legal issues.
Eligibility Criteria for a Dubai Real Estate Brokerage License
To obtain a real estate agent licence in dubai, you must meet the following criteria:
- You must have valid residency in Dubai (UAE).
- You must complete a RERA (Real Estate Regulatory Authority) accredited training program. This program typically includes courses on real estate laws, ethics, and practices.
- Applicants must be at least 21 years of age to apply for a real estate brokerage license.
- After completing the training, you must pass a RERA-approved examination.
- A high school diploma or equivalent is generally required.
- If you plan to establish a real estate brokerage firm, you'll need to register a company with the Department of Economic Development (DED).
Dubai Real Estate License Requirements
When applying for a real estate brokerage license in Dubai, you'll typically need to submit the following documents:- Completed license application form
- A clear copy of your passport
- A valid Emirates ID
- Non-UAE nationals must submit a copy of their valid UAE residency visa
- Certificate of completion of the 30-hour training program
- Certificate of passing the RERA exam
- Tenancy contract or Ejari Certificate (for brokerage firms)
- Good Conduct Certificate
- Trade name reservation certificate
The specific requirements may vary slightly, so it's advisable to consult with Shuraa's business setup experts for the most up-to-date information.
How to Get Real Estate Brokerage License in Dubai
The application process for a real estate brokerage license in Dubai typically involves the following steps:
1. Complete the RERA Training Course
The first step is to enroll in the mandatory "Certified Training for Real Estate Brokers" course offered by RERA. This course covers key topics like real estate law, ethics, and market practices in Dubai. After completing the course, you will need to pass the RERA exam to qualify for a brokerage license. RERA training courses are generally around AED 3,000 and can be taken online or in person.
2. Register Your Business with the DED
If you plan to set up a real estate brokerage firm, you need to register your business with the DED and choose a suitable business structure (sole proprietorship, LLC, etc.). Secure a trade name and obtain initial approval for your real estate business.
3. Apply for the Real Estate Brokerage License
Once you’ve passed the RERA exam and registered your business, you can submit an application for the real estate brokerage license through the DLD.
The application can be submitted online through the DLD’s Trakheesi system, which streamlines the process for brokers.
4. Submit Required Documents
Provide all the necessary documents, including your RERA certification, passport copies, Emirates ID, and business registration documents (if applicable). Ensure that your office tenancy contract or Ejari certificate is also submitted if you’re starting a brokerage firm.
Pay the required real estate brokerage license fees, which include the costs for registration, the RERA training course, and any applicable DED fees.
5. Review and Approval
After submitting your application and paying the fees, the DLD and RERA will review your submission. If everything is in order, you’ll receive your real estate brokerage license.
The license is valid for one year and needs to be renewed annually to remain active.
6. Register with the Dubai Brokers System
Once your license is approved, you must register your brokerage with the Dubai Brokers system, a platform that tracks and regulates real estate agents and transactions in Dubai.
7. Set Up Your Brokerage (for agencies)
If you’re establishing a real estate brokerage firm, you’ll need to hire agents, set up your office, and ensure compliance with local laws.
It is advisable to consult with our business setup experts in Dubai for assistance throughout the process.
Dubai Real Estate Brokerage License Fees in 2024
The real estate brokerage license for an LLC typically ranges between AED 10,000* to AED 30,000. After completing your RERA training and obtaining a certificate, you'll also pay AED 5,020 per activity.
However, the exact fees for a real estate brokerage license in Dubai can vary depending on several factors, including the type of license you are applying for (individual or corporate), the specific requirements of the regulatory body (Dubai Land Department or Real Estate Regulatory Agency), and any additional fees or charges that may apply.
You can generally expect to pay fees for:- Trade name reservation fees (for brokerage firms)
- Initial approval from DED
- RERA licensing fees
- Office space and Ejari registration
- License renewal fees
Get the cheapest real-estate brokerage license cost at Shuraa Business Setup. Get a quote today!
Benefits of Obtaining a Real Estate Agent License in Dubai
A real estate brokerage license in Dubai offers several significant benefits:
1. Legal Compliance
A license ensures that you are operating within the legal framework of the Dubai real estate market, protecting you from potential legal issues and penalties.
2. Professional Credibility
A license establishes your credibility and professionalism in the industry, building trust with clients and other professionals.
3. Access to Opportunities
Licensed brokers have access to exclusive listings, networking opportunities, and professional development programs.
4. RERA Support and Resources
Being a licensed broker means you can benefit from the resources and support offered by RERA, including market insights, legal updates, and guidance on maintaining compliance.
5. Ability to Work with International Clients
Dubai’s property market is a global hotspot for investors. A brokerage license allows you to work with both local and international clients, expanding your reach and increasing your potential to close high-value deals.
6. Potential for High Earnings
Dubai’s real estate market is known for its high property values and attractive commissions. With a brokerage license, you can earn substantial income by successfully closing property transactions in the residential, commercial, or industrial sectors.
How Shuraa Can Assist You
Obtaining a Dubai real estate brokerage license is essential for anyone looking to legally and professionally operate in the city's booming property market.
If you're ready to take the next step and explore the endless possibilities in Dubai's real estate market, Shuraa Business Setup is here to help. We offer everything you need, from business registration and document processing to expert advice. With our extensive experience in the real estate sector, we can guide you through the process of getting your RERA certification and ensure you meet all the necessary requirements.
Let Shuraa Business Setup be your go-to partner for starting your real estate business in Dubai.
