Hence, the career opportunity in the City is
overflowing and one of the most
in demand careers for Dubai residents is in Real Estate such as Real Estate agent, Property Accountant, Real
Estate Broker, Realtor, Consultant, Real Estate Attorney and so much more.
Lets dive in deeper as we
go further on this article.
As we
all know, Dubai is known for having the tallest building in the world (Burj
Khalifa) and having one of the biggest
mall in the world (Dubai mall), it is safe to say that construction and
infrastructure in Dubai is booming and developing nicely. And because of these tourist attraction and having a low tax
policy in the City, the demand for both residential and commercial estate are
in demand and rising continuously. It
attract as well investors globally to open new or expand business in the City
since Real Estate in Dubai is relatively low comparing on other country.
Real
Estate plays one of the biggest role in Dubai economy growth, as it has
been the driving force of investors, tourist and developers.
According to the local government for 2021 Annual Report,
“In the past years, Dubai has achieved unprecedented rates of growth, reaching
4.5% in 2014. The drop in oil prices and the decline in foreign trade in the
subsequent years have caused a decrease in economic growth rates, reaching
below the rates achieved in 2014. However, Dubai has achieved favorable growth
rates, and 2019 has witnessed 2.7% growth in GDP compared to 2.1% in 2018. It
was expected that 2020 would see additional growth exceeding the growth rates
achieved in 2019 given the improvement witnessed by the Emirate of Dubai in all
economic performance indicators, in addition to the opening date of Expo 2020 Dubai,
which has been postponed due to the outbreak of COVID-19. Dubai has provided
six economic stimulus packages to help the companies and individuals overcome
the economic and social consequences of the pandemic, which is worth more than
AED 7.1 billion..”
Source: https://dubailand.gov.ae/en/open-data/research/annual-report-real-estate-sector-performance-2021/#/
Real Estate Agent/Broker
Role
l Real Estate agent’s main responsibility is to help
client understand the different properties that the company is selling, to
answer all the questions, and making sure that all market conditions are well
discussed before, during and after closing the deal.
Skills and Qualification:
l Customer
Service
l Knowledge
in the Real Estate field and in local laws
l Marketing
Skill
l Negotiation
Skill
Average salary range: AED 4,000 - 6,000 / month + commission
Property Manager
Role
l Property
Manager’s main task is to oversee the day to day operation of the building of
commercial spaces. This includes the daily operation, the monthly maintenance
and inspections, collection of payable,
tenant management, etc. They are basically the one you go to if you have having
problems in the space you rented.
Skills and Qualification:
l Customer
Service
l Have
a good communication skills
l Knowledge
in the Real Estate field and in local laws
l Knowledgeable
in property maintenance
Average salary range: AED 10,000 - 18,000 / month
Real Estate Lawyer
Role
l Real
Estate Lawyer’s are responsible in analyzing or drafting the purchase contract,
negotiate the transaction, ensure that the transaction comply in local
regulations, title examination, search, and basically everything that is
related to legality of the transaction. It is their responsibility to ensure
that the buyer is protected to any Real Estate purchases and that the
transaction is legal and adheres to local laws and regulation.
Skills and Qualification:
l Real
Estate Lawyer should be a board passer and licensed.
Average salary range: AED 20,000 - 50,000 / month
Role
l Real Estate
Appraiser’s roles are inspecting properties, interviewing clients, and drafting
appraisals for home and/or commercial real estate. Familiarity with current
market trends and property valuations is essential to the role.
Skills and Qualification:
l Real
Estate Experience
l Broad
knowledge in in Property assessment processes.
l Real
Estate Lawyer should be a board passer and licensed.
Average salary range: AED 7,000 - 15,000/ month
Role
Skills and Qualification:
l Customer
Service
l Knowledge
in the Real Estate field and in local laws
l Marketing
Skill
l Negotiation
Skill
Average salary range: AED 4,000 - 15,000/ month
Read more: Secure
your dream job in due time!
In Dubai we have an examination that we
call Real Estate Regulatory Agency (RERA Exam) a 4-day training course, taking
this exam will give you enough knowledge in Dubai’s laws and regulations and
will help you land job and a higher compensation package.RERA registration
exam: AED 3,200 for applicants with a bachelor's degree. AED 6,300 for applicants
without a bachelor's degree. AED 15,750 for applicants with no educational
qualifications.
Having your connections and networking also will greatly
help you to be good in your job. And not just for Real Estate, learning
different languages (since Dubai is known for having different nationalities
with different languages) will be an edge so you can discuss and sell the
property freely, language is a great barrier hence we need to destroy that
barrier.
Real Estate career
gives you more opportunity, and if you leave in the a City where Real Estate is
the major growth drive, the opportunity will just increase yearly and secure
you until you decided to just live your life. It may sound tedious, like
learning the law, getting clients, negotiating, etc., but once you have close
your first deal and see your hard made earned money, you will come t realize
that it is one of the most stable career in the market. If you find yourself
straggling in what your calling (job wise) is, you can consider Real Estate and
see which position suits you better.
