How to Get RERA License Dubai

The UAE market is lucrative and one that is thriving and promises flourishing growth. While this is a general trend of the market in Dubai, every sector and industry is governed by a different set of rules and regulations set up by an authority. The real estate business in Dubai is governed by RERA. You are required to get a RERA license Dubai to work as a real estate broker or start a real estate business in the city. In this blog, we will be looking at all the different aspects of an RERA license Dubai, starting with what it means.

RERA License Dubai: What is it?

In Dubai, the real estate industry is regulated by the Real Estate Regulatory Agency (RERA), which also makes sure that real estate transactions are honest and transparent. Individuals and businesses operating in Dubai’s real estate market are required to hold an RERA license. It demonstrates their expertise, skill, and dedication to moral behavior.

In Dubai, people must fulfil specific requirements established by the RERA organization in order to be granted a license. This entails passing a thorough test, obtaining suitable work experience, and meeting a minimal educational requirement. On the other hand, businesses have to follow certain rules, such as having a physical office, hiring personnel with the necessary skills, and keeping accurate financial records.

How to get a RERA License in Dubai?

To get an RERA license in Dubai, follow these steps:

1. Identify the Type of License:

Determine the precise kind of RERA license required for your line of work.

2. Collect the necessary paperwork:

Assemble the required paperwork, including company records, a copy of your passport and visa, work experience letters, and educational credentials.

3. Fill out the application completely:

Complete the RERA license application and submit it with the Dubai Land Department. In application, make sure to fill out the professional and personal details carefully. Then, submit it along with the necessary documents.

4. Pay the fees:

Send in the licensing application together with the necessary fees.

5. Participate in Training:

To improve your knowledge and abilities, finish any required training courses. To qualify for a RERA license, you must finish a training programme under Dubai Real Estate Institute (DREI).

6. Pass the RERA test:

To prove that you understand real estate regulations, you must pass the RERA exam. Passing the test is a testament to your knowledge and comprehension of real estate.

7. Obtain License:

You will be granted your RERA license after completing the aforementioned procedures successfully.

You can also contact Dubiz Business Setup to get more information and a complete knowledge of how to proceed.

Difference between RERA registered and RERA approved

Although the phrases “RERA registered” and “RERA approved” are frequently used synonymously in the real estate sector, they have different connotations.

• The state RERA authority formally recognizes a project as RERA registered, guaranteeing compliance with rules, accountability, and transparency. Builders are required to supply comprehensive project details, such as budgetary and schedule information.
• A RERA-approved project, on the other hand, just signifies that the project has obtained the required government permissions.

Before making a purchasing decision, it is crucial to confirm the project’s RERA registration status and carry out an in-depth investigation, even though this can imply adherence to specific requirements. You can also contact Dubiz Business Setup to get your hands on the correct set of rules and requirements.

Benefits of getting RERA License Dubai

Here are the major benefits of getting a RERA license Dubai:

• Credibility: From the perspective of your clients, a RERA license proves your professionalism and credibility.
• Compliance: Following RERA rules guarantees adherence to industry norms and safeguards the interests of consumers.
• Access to Services: The Dubai Land Department offers you access to necessary services, including title transfer and property registration.
• Marketing Opportunities: Listing your properties on the RERA website with an RERA license raises your profile and draws in new customers.

RERA License Dubai cost

The cost of an RERA license in Dubai varies based on the business type and geography. The cost of the RERA registration exam varies depending on one’s educational background. Exam fees are AED 3,200 for those with bachelor’s degrees and AED 6,300 for those without. Additionally, those without a degree must pay AED 15,750. RERA also levies an AED 5,020 fee for each action.

Once an RERA training certificate has been obtained, license processing can start. AED 12,950 is also required of an LLC in order to obtain a real estate brokerage license. On the other hand, the average beginning price for an RERA certificate in Dubai is AED 5030. The price of applying for an RERA license may differ depending on the kind of activity you are doing.

How can Dubiz Business Setup help?

Dubiz business setup majorly aids in company formation in Dubai. The experts provide their valuable knowledge and help you meet all the requirements to achieve your goal. Not only this, you can also get in touch with us for your other requirements like Dubai business visa, maid visa in Dubai, UAE visa renewal, and all those things.

Get in touch with us via:

📞 Call: +971 56 369 5485

💬 WhatsApp: +971 56 369 5485

📧 Email: info@dubiz.co

Frequently Asked Questions (FAQs)

1.What is RERA and what does it do in Dubai?

Controlling the Emirate of Dubai’s real estate market is the aim of the RERA, which stands for Real Estate Regulation Agency. It is also responsible for granting permits and certifications to anyone who wishes to work in the UAE real estate industry.

2.What is the RERA certificate cost?

In Dubai, the average starting price for an RERA certificate is AED 5030. The price of applying for an RERA license may differ depending on the kind of activity you are doing.

3.What is a RERA broker license?

To operate as a real estate agent in Dubai, one must hold a real estate broker license. This certification process was first used by the Dubai Land Department and was substantially revised in 2022 to require all brokers to complete an exam in order to become qualified.

4.What are RERA license requirements?

You are required to be 21 years of age to get a RERA license in Dubai. Here is the list of documents you are required to keep ready while applying for the same.

• Emirates ID status
• UAE residence visa
• Passport-sized photos
• Proof that you completed your RERA course and passed the certification exam
• A copy of your real estate license
• You might need to obtain a certificate of good behaviour from the Dubai police.
• The NOC from the free zone authorities is required if your base is in a free zone.
• Depending on the kind of business you start, you could need a memorandum of agreement signed by each shareholder.
• Finally, a copy of the reservation for the trade name

5. How to get RERA certification in Dubai?

You will need to pass the RERA exam in order to accomplish this. You can apply for an RERA license after you’ve paid the necessary fees and passed the test.