Dubai: Should you buy, rent property directly from the owner or through a property agent?

When picking an agent it is highly recommended that investors choose an area specialist

Providing guidance and assisting sellers and buyers in marketing and purchasing property for the right price, under the best terms, is a real estate agent’s finest role. A good agent should be able to determine the clients’ needs, matching their financial situation and propose suitable options. In order to advise clients on market conditions, prices, mortgages and related matters, the agent performs comparative market analysis to estimate properties’ value and stays up to date with the legal requirements. When the agent has found his client’s new home, it is the agent’s job to help with the negotiation, prepare documents such as representation contracts, and purchase agreements, closing statements, deeds and leases.

When picking an agent we highly recommend choosing an area specialist, this will ensure the agent has the best knowledge of the area and therefore negotiate the best terms for the client.

Why must agents be licensed?

The answer is simple, it is illegal for agents to work as a broker without being certified by the Real Estate Brokers Registration (RERA). It is essential agents apply for the RERA Exam and get the Broker ID. Only then will they be able to legally work as a broker, conduct contracts and have access to the right databases.