How to Choose a Dubai Broker
Choosing a reliable real estate agent in Dubai is key to a smooth transaction and successful investment.
Below we've compiled some key points to consider when evaluating a real estate agent, as well as tools to help you investigate further.
01.
Check your license and registration status
Real estate agents in Dubai are required to be registered with RERA (Real Estate Regulatory Authority).
RERA License (Office): Check the broker's registration number and search on the Dubai REST app or official website.
RERA Certification (for individual agents): Check that each agent has completed RERA training. Use the DLD official website to check whether the agent or agent is legitimate.
02.
Past trading history and performance
Check success stories: Check the number of past transactions and success stories. In particular, do they have a track record of handling properties from major developers (Emaar, Meraas, Nakheel, etc.)?
Customer reviews: Research customer feedback on Google Reviews and Trustpilot. It's important to address not only positive reviews but also negative ones.
03.
Knowledge and ability in specialized areas
Check their area of expertise and make sure they are familiar with your desired area (e.g. Downtown Dubai, Dubai Marina).
Evaluate whether you have a deep knowledge of market prices and future price trends.
04.
Contract details and transparency
Brokerage fees: Are commissions (typically 2% of the transaction amount) and other additional costs clearly explained?
Contract transparency: Ensure the contract you are offered is specific and does not contain any ambiguous clauses.
05.
Relationship with developers
Are they an official agent of a trusted developer (Emaar, Nakheel, etc.)?
Do you have access to new project information and special terms?
06.
Compliance and Legal Support
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Choose a company that is familiar with Dubai's real estate laws and RERA regulations and can handle disputes appropriately if they arise.
07.
Technology utilization and information provision capabilities
Are you publishing property information through digital tools (Property Finder, Bayut) and using virtual tours and market analysis tools?
Ensure the information provided is accurate and properly describes the property details and risks.
