I have been offered a job in Dubai as a real estate property consultant. The offer is 50% commission only. The potential earnings are £50,000 - £100,000 per annum.
I just wanted to know what the property market is like in Dubai at the moment and how realistic is the potential earnings.
Give Betterhomes a call while you are here - they are taking on at the moment. You will get much more start up support from them and they have a huge date base of clients and properties. With this new company you are going to be scrapping the bottom of a very big barrell.
I am Sales & Leasing Director for a UK owned and managed agency established here for 6 years. Would not recommend joining a "new start". Some of the advice on here has been very good - you need to look for a reputable firm.
If anyone wants to PM me I'll give you a very honest view of life here and what our brokers generally earn. Very happy to help you as I know it's a huge decision. I would never recruit anyone into our firm without them coming with eyes wide open. It doesn't do us any good to have brokers coming and going all the time. We've still got a guy here who was with us the day we opened.
I'd really like to ask you a few questions and get some info on industry out there.
But can't figure out how to pm!
Do I need a certain amount of posts or something?
Hi, I know thread Is old but I've applied a job in dubai for real estate consultant for Espace real estate. They've been dubai since 2009 it's commission based. Any advice on moving there cheap accommodation etc
Yes. Don't even consider it unless you have at least UK 5,000 that you can survive on (assuming you are on your own) and are prepared to work your socks off for 6 months before (if) you really see any decent reward. It takes that long to get established...if you make it.
I got a Job offer for a property Consultant Position in a Company well established and is in the market since 2009. No basic salary, no allowances like any other Company I guess!
I have NO real estate Background! however I have a sales Background. I am originally from Egypt, so I speak the language and I know the culture + 50% of my friends are there now, so I can stay at their places for almost a 6 months period. The Company offered a car and a phone.
I am living in Germany since 4 years! I am free to move back to Germany anytime and I have no Job at the Moment. Do you think the market now is promising for a fresh starter! how Long does it take for someone to make a sale or rent a property if I am giving it 150% of my power
Is it a risk worth taking!? (based on my Situation)
any advice would be highly appreciated.. I know this topic has been mentioned before but it was 2012 and I guess the market has changed a lot since than..
Hi,
In my opinion - probably about the worst time in the past few years to come here in that field.
Just read the press reports on recent company closures.
Reality is that whatever people tell you on this forum - you have probably made up your own mind.
Best of luck
Steve
thanks Steve and Rascal..
Yeah I have read couple of press reports and seems tough at the Moment.
I am also trying to ask around, since I know a lot of People in Dubai.
It's a tough decision. I would need at least 5000 € to be able to live there for a good 4 months. Lets see!!
good call out Rascal, I have to make sure that these costs are covered by the Company, cause I am not financially prepared for any miss-calculations.
thanks Steve and Rascal.. Yeah I have read couple of press reports and seems tough at the Moment. I am also trying to ask around, since I know a lot of People in Dubai. It's a tough decision. I would need at least 5000 € to be able to live there for a good 4 months. Lets see!! good call out Rascal, I have to make sure that these costs are covered by the Company, cause I am not financially prepared for any miss-calculations. regards, Ady
Also, will you be able to drive here immediately? If you have a license from Germany, just check if it can be converted if you don't have a German passport (guessing you don't).
Ok,, so I will talk tomorrow with the MD, I will ask him about the driver license issue. However he knows my situation and I guess he would've mentioned that before, if it was a problem!!
I am really thankful for your replies and support.. very well appreciated. I will keep you guys updated
Ok, so we talked and there will be no car actually, no cell phone (only landline phone in the office). I will have to do a driver license for the third time!!
So I rejected the offer. I think its too much costs to relocate without even having a basic salary, even the plane ticket I will have to get it! As well a visitor visa in the begininng!!
Maybe if I were living already in Dubai, I would've tried it. But in my situation right now. I think it makes no sense..
It sounds like I have been offered a similar job to Ady86. I was asked to start working on a visit visa and will be paid solely by commission which is 50-50 at 2% of each property.
Is it possible to get by financially on this and if so how long would you advise to account for before I have substantial income?
I think where there might be a valid case for accepting an estate agent or other commission based job is for an accompanying spouse (partner with a fixed income) - as a single person moving to UAE it's very risky because of the way everything works here. If you have enough money in the bank to sustain yourself for 3-6 months to give it a go, maybe.. I wouldn't do it.
Hi Kas,
Did you ever go to Dubai?
I own a real estate company in the UK and have been given the task to look at setting up a branch in Dubai. Would love to hear your thoughts.
Hi,
The last time that Kas logged onto this site was January 2013 - probably tells you everything that you need to know!
Cheers
Steve
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