Describe the process of renewing a real estate broker license
Real estate brokers are required to renew their license to practice legally in Dubai, and in compliance with the Dubai Land Department or DLD and the Real Estate Regulatory Agency or RERA. Here’s a step-by-step guide to the renewal process:
1. Pass the Annual Test
In order to renew the license you must take the annual test organised by the Dubai Real Estate Institute (DREI). This test also guarantees that brokers are aware of the current policies and changes in the market as well as standards of ethical conducts in the real estate sector. Approximately 85 percent is generally needed to continue with the renewal.
2. Gather Required Documents
Ensure you have all the necessary documents ready for the renewal application:
- A copy of your UAE ID
- A valid passport
- Residency card for expatriates
- Two recent photographs
- Degrees and training certificates.
3. Submit the Renewal Application
Go to individual services on the DLD website or open the Dubai REST App, create your account if you didn’t have one, and then select Renew License. Provide all the necessary details in the blanks and attach all the necessary documents. This application process includes the following steps:
- Ensuring you have a personal account by either trying to log in into the Trakheesi system if you have an account previously or creating a new account for the first time.
- In other words, completing the renewal form and submitting the necessary documents.
- Paying a certain fee to the mode of payment of choice, online.
4. Pay the Renewal Fees
This is alongside Knowledge Fee and Innovation fee which is 20 AED in addition to the renewal fee of 500 for real estate broker license. The payment can be done using a credit card, E-dirham or through the Noqodi payment gateway.
Real Estate Broker License Renewal Process Overview
Required Documents for Renewal
Processing Time (Days)
Renewal Fees Breakdown
Penalties for Late Renewal
5. Print the E-Card
After getting your renewal application approved, you are able to print your renewed broker card from the system. The renewal of this license will be beneficial for you to go on with your business legally in the Dubai real estate market for another year.
6. Maintain Compliance
However, it is important to maintain a compliance with all the RERA regulations after you have renewed your license. This refers to conducting continuing education courses with the aim of updating your knowledge and also to ensure that your brokerage complies with the law. Visiting DLD and RERA’s websites from time to time will ensure you keep on checking for any new laws or changes taking place within the real estate industry.
FAQs on Renewing a Real Estate Broker License
What documents are required to renew a real estate broker license?
You need a valid Emirates ID, a recent passport-size photo, proof of residency, a valid trade license, and a clearance of any fines.
How can I apply for license renewal?
You can apply through the Dubai Land Department’s official website or the Dubai REST app. Submit the required documents and pay the renewal fee.
What is the typical processing time for renewal?
The renewal process generally takes between 3 to 5 business days, depending on the accuracy and completeness of the submitted documents.
Are there any penalties for late renewal?
Yes, you may incur late renewal penalties, including fines or the suspension of your real estate broker license.