What is the licensing and registration process for real estate brokerages in Dubai?

To become a real estate agent and obtain a real estate agent license in Dubai, here is the complete process – 

1. Determine the Business Structure

Decide on the type of real estate brokerage you wish to establish, whether it’s a sole proprietorship, partnership, or a civil company or LLC. Each structure has its own legal and financial implications, so carefully weigh the pros and cons before making a decision. 

2. Choose a Trade Name and Obtain Initial Approval

Select a suitable trade name for your brokerage and ensure it adheres to the guidelines set by the Department of Economic Development (DED). Apply for initial approval from the DED for your chosen trade name. 

3. Prepare the Required Documents

Gather all necessary documents for the license application. This may include a detailed business plan, financial statements, and the credentials of the designated manager who will oversee the brokerage’s operations. 

4. Real Estate Brokers Registration Services (RERA Services)

To open a real estate brokerage in Dubai, you must obtain certification from the Real Estate Brokers Registration (RERA). This certification entails applying for the RERA Exam and obtaining the Broker ID, which is a crucial requirement in the process. 

RERA certification involves the following steps – 

• Applying for RERA’s approval 
• Obtaining the license and certification 

5. Submit the Application to the DED

Submit the complete license application, along with the required documents, to the DED. The application will undergo a comprehensive review to assess the viability and compliance of your brokerage with local regulations. 

6. Await Final Approval

Upon successful evaluation of your application, the DED will finally grant approval for your real estate brokerage license. The approval is a milestone for your real estate business in UAE as you can legally commence your business.