Being a real estate broker in Dubai is a great opportunity that not many get, but it is cut throat and long hours. Dubai is a luxurious destination with some of the most luxurious
properties on the planet. We get so many calls everyday for rentals and sales. Rentals are easier as they come to you (kind of), but sales are hard, you have to chase and chase and keep showing until you sell. You have to know your market and properties inside and out. Be prepared to work 12 hours a day.
There are properties that clients show interest in and you could be closing a deal, then another broker is setting up the sale for the same property with another client. Then it comes down to who can get contracts and cheques signed the quickest. IT’S ALL ABOUT THE COMMISSION BABY!!! Dubai real estate contracts are commission based, and you get no income if you do not sell. So taking deals where you can get them, even if taking them from your fellow broker is how it is. You really have to hustle and try and get ahead of the other broker. Things like this happen all the time, you have to learn to be cut throat. It is not really nice, but it is how it works. You can’t feel guilty – you have to be confident and you have to be in the right headspace at the right time.
The industry average commission in Dubai Real Estate is around 5%.
You work 6 days a week, 12 hours a day, and you get 1 day weekend. You have to be cut throat – or you will make no money. The office is full of gossip and you can’t really trust
anyone. The parties, boat parties, nights out and restaurants are amazing. If I had the money I would be out all night, every night. There are so many great places to eat and chill. There are celebrities always looking for properties, so it is a good chance that you will meet one in Dubai.
Selling a property gives you such a high and you are looking to sell the next one. Things can go wrong and knock your confidence, and there are times when you feel you can’t do the job anymore, but you have to keep going. Not everything is sweet and rosy. There are loads of properties and you can close a deal one month and then it can be a while before your next one.
Chasing clients is a nightmare. You can never get hold of them when you need them. They cut the phone on you. You have to leave loads of voicemails and be available when they want you to be. Some of them can be rude, cheeky and annoying, but keep focused on the goal – getting sales.
Living in Dubai is very luxurious and you have to work hard to live here and enjoy the lifestyle. You need to find a balance between work and play. Other than that it is a great place and you would wish you could have come out here sooner.