A world-class destination known for its stunning architecture and limitless opportunities, it is no surprise why Dubai is catching the attention of those who want to pursue a career in real estate. With millions worth of transactions year after year, Dubai’s real estate market is—and always has been—one of the most sought-after industries to break into.
Sales people worldwide have heard about the uncapped earning potential, seen the stunning properties that the city has to offer, and witnessed snippets of the glamorous lifestyle that is soaked up by the residents here.
With the UAE celebrating the ‘Year of the Fiftieth’ in 2021, it is hard to imagine Dubai was the once-nothing-but-sand city it was and is now the cosmopolitan metropolis we know and love today. Through the years, Dubai built itself a name and a reputation not only as the home to the world’s most modern infrastructure, it is also at the forefront of healthcare, education, safety, happiness and overall livability.
The past six months of Expo 2020 opened up a huge amount of new career opportunities within the city. This resulted in an influx of new people relocating to live and work here in Dubai. On top of this, recent additions and changes to legislation, including the introduction of the Golden Visas for investors, entrepreneurs, and individuals with outstanding talents, created even more doors for residents to stay here on a long-term basis.
With all that said, it comes as no surprise that Dubai’s property market is thriving right now. So, if you are considering a career in Dubai’s real estate, here is everything you need to know:
Real estate attracts target-driven, results-motivated individuals who like to be rewarded accordingly for the work they put in. The uncapped earning potential with no visits from the taxman means that the generous commission structures offered in Dubai’s real estate far outweigh a basic salary.
If you are tired of putting all of the work in and seeing the same basic results month in, month out no matter what you do and want to essentially run your own business, this is the industry for you! Dubai’s real estate offers the opportunity for you to take full control of your own finances and essentially write your own paycheck!
As a career in Dubai’s real estate operates on a commission-only basis, this means that candidates are required to have sufficient savings in place to support them through the early stages of their new career. This includes relocation expenses such as flight tickets, health and travel insurance, purchasing suitable work attire, as well as the start-up costs that you will incur when you first arrive such as accommodation, car hire, mobile phone contract, and day-to-day living expenses.
Betterhomes provide you with a financial planner that highlights these costs in full detail to ensure you are in the right situation financially and be able to prepare for your move with full confidence.
It is important when starting any new career that you are fully informed of the processes involved and how the company can support you during the early days of your new role. Does the company provide any in-house training upon joining them? How long does the training last and what do they cover in the training? Will you have sufficient industry and market knowledge to ensure you can do the role to the highest standards? Are there any additional trainings or support you can expect when you go into the role full-time? You should also be fully informed about any marketing and administration support that you will receive from the company.
At Betterhomes, we offer in-house training, marketing and admin support and even a wellness committee. Plus, your managers are always on hand with advice and support throughout your career with us.
Managing your expectations on the workload and what a normal working day looks like is one way to make sure you’re not in for nasty surprises when you get started. Real estate is not a 9-5 role so if you are looking for a clock in, clock out kind of role, look away now!
Real estate requires a lot of hard work, commitment and even sacrifices. Especially while you build your personal brand and establish yourself as an agent in the market place. You need to be prepared to put long hours in, make lots of calls through the existing client databases, and ensure you are active and busy in the market.
As one of the most rewarding and competitive industries here in the UAE, you will be coming up against several other agents who will be contacting the same landlords and tenants as you will be. You need to make sure you stand out from the crowd. Never overpromise and underdeliver. Make sure you contact any leads that come through to you straightaway before another agent can. Always provide a five-star, world-class service from start to finish. (Yes, even after you’ve been paid). Repeat and referral business are two of the easiest ways to guarantee additional deals.
Dubai is one of the world’s hottest property market right now and, with the right mindset and hard work, there really is no limit to the rewards you can reap for yourself. Now that you have read this rundown of what awaits if you decide to pursue a career in Dubai’s real estate, take some time to do an honest self-evaluation to know if this is truly right for you. From there, all that is really left for you to is apply.