How To Become Luxury Estate Agent In Dubai

Where the money is, that is one of the biggest factors that motivate people to become luxury real estate agents. They figure that they do not have to work as hard as a regular real estate agent since the homes they represent cost more.

It doesn’t always work that way as being a luxury real estate agent means you have to face higher expectations and harsher demands than other levels of the same field. Dealing with the super-rich is not always a walk in the park.

You are probably going to work harder than you would as a regular estate agent so it is best to be prepared and know what you are doing.

Luxury Real Estate Agent In Dubai

When you want to enter this ultra estate speciality, you will find that you will be given access to some of the finest homes in Dubai. Mansions, penthouses, high-end luxury villas, and more.

That means you have to be a cut above every other real estate agent in the city. However, the requirements to become a luxury estate agent are not that much different from becoming a regular estate agent.

The key to the promotion is that you need prior real estate experience. This is not a job for someone fresh out of the RERA training school. One of the keys to becoming a luxury estate agent is that you need to develop your expertise.

You are not dealing with just someone looking to work and live in the city. When you go to the luxury estate level you are dealing with people who make high demands, expect a lot, and know exactly what they want.

You need to know your market and the people you are dealing with and mistakes are not easily tolerated. Also, you need to be thoroughly educated about the homes you are trying to sell.

The reason for that is that there is a lot of competition in this niche market and you have to be better than them to get the sale, or even the listing. The things you need to know about your area of the estate market include:

  • The area’s history
  • Significant events and developments
  • Population
  • and similar demographics
  • Schools
  • Hospitals
  • Pharmacies
  • Malls
  • and recreational facilities

You will be working a lot harder than a regular estate agent simply because there will be fewer luxury homes to sell. To become a luxury estate agent you have to take the first steps like the regular agents have to take.

Estate Agent Process

There are several steps you need to take before you can become a regular estate agent. These steps are the same for everyone and after you complete them, you can develop your luxury speciality as you gain experience.

  1. Get Your Residency Visa- If you are not a citizen of Dubai or the UAE, then you need a residency visa to be an estate agent.
  2. Get Your Training At The Dubai Real Estate Institute (DREI)– It is only a 4-day course
  3. Take The RERA Real Estate Exam- If you have a bachelor’s degree the fee is lower than if you don’t.
  4. Get Your Real Estate License- There will be some extra documents to submit but this process only takes about 2 to 3 days.
  5. Find The Right Brokerage- The company’s name and reputation are important to your career but make sure to look at the commission split and other benefits before signing up
  6. Build Your Network- Start to get to know other agents, and brokers and make a lot of contact with potential buyers, sellers, and so on.
  7. Become An Area Expert- If you are wanting to move up to the big leagues and sell luxury homes, you need to know the areas of those locations. You want to learn everything you can so you can be the go-to person for that specific area.
  8. Establish The Right Price- When you get a listing make sure to set the asking price within market limits and trends. While you want to have your client get enough money for their property, setting the price too high may delay the sale and have the client move on to someone else.
  9. Having The Right Personality- This is one of the most important aspects of selling. If you do not have the right personality to do business with people, then you may never make your goal of being a luxury estate agent.

Freelance Real Estate Agent In Dubai

There is this possibility. Many of the current estate agents in Dubai are moving to this level of their profession. The reason they are doing this now is that they prefer to be their own bosses.

Freelance estate agents are exactly what it says. This group of professionals work their own hours, set their own schedule and goals, and or they take on contract work but still work for themselves.

There is a lot of hype surrounding this level of estate agent so be careful with the websites that you come across. The rules to be an estate agent apply to this category as well.

You will have to take take the training, get a residency visa, pass the RERA test, and so on. Being freelance simply means you are legal, follow all the rules, and only work for yourself. Many estate agents prefer this option.

Some Additional Words

It takes skill and experience to be a luxury estate agent. If that is your goal, then call our company today. We have over 10 years of Dubai real estate experience including selling luxury homes.

Our knowledge of the city and the rules an estate agent must follow will benefit you and be a good leg up for your luxury estate agent career. All you have to do is give us a call and schedule an appointment with one of our luxury estate agents.

They will be glad to give you a hand in understanding what that position is all about and how to do it right.

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