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Real estate Dubai 50% commission only job offer

65K views 88 replies 30 participants last post by  Stevesolar 
#1 ·
Hi.

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.

Any advice would be helpful.

Thanks

regards
Kas
 
#2 ·
These jobs are 2 a penny. Before the crash it was very easy to earn that sort of money. Now it is still possible if you are very good and prepared to put in the hours. The market here is very different to the UK, it is frustrating and stressful. Make sure you have enough money to cover your living expenses for the first few months. Dubai is an expensive place!
 
#3 ·
how much would you suggest to be an adequate amount to survive on for accommodation, car hire, food, etc. per month.

Ill be dealing with leasing and sales. What would your rough guess be before I start earning my own money.

Thanks
 
#4 ·
dhs.10k a month to cover basics and car.
Leasing you can earn money within the first couple of months but the returns are much less than sales. Landlord's can register their properties with all RE companies for free so for every property you have on your books so do 100's of other agents!! Many of your deals will be split deals with other agents so your 50% commission becomes 25% commission.
Sale will earn you more per deal but it can take months before start to get any returns. You are competing with agents who have been here years and built up a good data base of owners/buyers. With sales it is all about building up good relationships.
If you have the money to support yourself for a few months and are confident then go for it but if it is going to put you in debt then think again!
 
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#5 ·
Thanks for the advice.
I have a good amount of successful experience I have built up here in London and have the confidence to come and use my experience in Dubai. I am financially comfortable and will be able to cover my costs for a few months.
Do you think I should go for it?
Is there money to be made out there?
Thanks.
 
#8 ·
^^^^ This. The days of an unqualified person coming to Dubai and making a years salary in a few months in property are long, long gone. Let a alone a qualified person coming in and cleaning up.

You'll graft and slog and you'll go up the wall while enduring Dubai's learning curve which can take anything from 6 months to a year. At the end of it all, will you be any better off? I can't predict that but given the choice whether to live in London or Dubai, London wins hands down. Weather isn't everything.
 
#7 · (Edited)
read what people think about agents here.
Plenty of posts in these forums...

Everyone loves to hate an Estate Agent in the UK, but you guys are roylaty compared to what goe son here!

If you have the ability to answer every phone call and email and eal with every query, however daft, and then assist with the entire process without losing all interest after you've 'sealed the deal', then word might go round that you are worth talking to.

You'll see threads were people accept huge rental increases just to avoid going fishing for a new place because the process is so painful.

Can you rise to the top? and more importantly, can you stay there?

you've been told 50-100K sterling. How does 50K sterling compare to what you are on now?
I'd imagine you ae on more if you are as successful as you say.
If anyone gives you a low-high figure on what is achievable, work with the LOW figure, and even then - question it.

to earn 50,000 UK, you need to rent approximately 100 villas/apartments a year at an average rental price of 120,000aed/annum.
Sales will change this, considerably.
Confident you can shift 2-4 places a week, week in week out?
I've no idea what an average agent achieve here.

This place compares in cost of living to London more than anywhere else in the UK, i'd say, but you need to earn more to make it worth the relocation, cover flights home, medical cover etc, and save some cash. THere's no state assistance here - no NHS, no state pension, no safety net. You need to be suitably compensated to cover this risk.


i came here in June, and rented a property after one month.
I met 4 or 5 agents.
I was shown around several properties (some twice by different agents)
all but one were hopeless, couldn't give a t*ss about my requirements etc, and were interested in the commission, and commission alone, and it showed. The Geordie Columbian was, perhaps, the biggest joke of the lot!
The one i rented off, and therefore got the commission, showed the property well, but also showed the area to get a good feel for the surrounding. She sorted out my DEWA (water and electric) connection for me, sorted out my EJARI (officially recognised tenancy contract, required over and above landlord contract) sorted extra keys, additional maintenance i'd requested etc.
I'd go back there like a shot.
A lot of 'extra' work, but then that has resulted in referrals from me.
 
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#9 ·
The market here is very very different to the UK. Your properties are not exclusive. You will lose many deals at the last minute because the landlord/owner has changed his mind but rather than let you know he will just ignore your calls. In the meantime your client will call you all the names under the sun for losing him his dream apartment, forgetting that you just spent 2 weeks being a Dubai tour guide. When a landlord/ client / other agent agrees to meet you at 10am tomorrow what he really means is he may come sometime during the day if he feels like it. But if you have plenty of cash and you want an adventure then go for it (nothing ventured / nothing gained).. but do not think that being successful in the UK makes any difference and remember you are at a disadvantage because you do not know the market.
 
#10 ·
I appreciate all the advice from all of you.
I just want to know if I do come and work like a professional (the way I'm used to), is there any chance by the end of my first year I will make a loss financially?
As long as I'm making enough to cover my costs and a little extra for the occasional night out, I would like to give it a go as I would like a bit of a change from the UK for a couple of years.
I will always have the security to go back to the UK if I'm not enjoying it.
Thanks
 
#12 ·
I just want to know if I do come and work like a professional (the way I'm used to), is there any chance by the end of my first year I will make a loss financially?
I think most people that come here, see the benchmark in their respective industries and think "Woah, I'm going to make a proper killing here". Not saying it can't be done but you can't change the nature of the beast either and most people "struggle" in their first year here while trying.
 
G
#11 ·
That would totally depend on your performance at work, however it is a very expensive city. Rents are really high.

So I wouldn't rule out the possibility to finish the year in red.

I am on a search for a place to rent right now, you cant imagine how unprofessional most agents are. You cant even reach them by phone or arrange a viewing etc. So it will be a quite different environment for you. Your experience in UK might not really mean much in the end.
 
#16 ·
I am considering this move to Dubai.

If I come and it all goes horribly wrong and I want to fly back to the UK without letting my employer know, will I be stopped at the airport by immigration as I will be on a work visa.

I've heard stories that I could potentially get stuck out there.

I don't want to take a risk like that.

Any advice would help. Thank you.
 
#17 ·
Why, what do you think is going to happen that you need to leave without telling your employer? Just don't run up any debts (car loan/credit cards etc) and try to leave without paying them off.
We are quite free to come and go as we please.
 
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#18 ·
As I'm going to be on a commission only basis, there's no guarantee that I'm going to earn any money. If I haven't earnt anything or enough after a 2-3 months, it will be pointless to carry on as I'm going to be spending my own money to live there.
I have a probation period of 3 months and a notice period of 1 month so that's atleast 4 months I have to stay there.
I just want to know if I do decide to leave without telling my employer, will the airport try to contact my employer that I'm leaving?
 
#22 ·
It wouldn't have me relocating across the world. While it possibly isn't an outright scam you run the risk of them stalling on "paying" you then you get fed up/spend too much from your savings and go home.

I can't imagine they'll be in too much of a hurry to process your visa either so if you're working on a visit visa and doing visa runs you'll have been working illegally and have zero legal recourse to any salary legitimately earned.
 
#23 ·
Kas said:
I just want to know if I do decide to leave without telling my employer, will the airport try to contact my employer that I'm leaving?
Your free to go on holiday so the airport won't do a thing.

Unless you owe to a bank or something and they register a police case, then they would stop you.

But if you weren't telling anyone you were going, the airport would just assume, that like everyone else, your having a trip back to the UK.
 
#24 ·
I think this may be the agent where the first part of the company name is the same as a bag of crisps? They seem to bring their staff over from the UK all the time. Just check you don't have to pay them anything back if you want to leave within a certain time frame. You are going to have to come over with at least enough money to cover you for living for the first three to four months. If you can afford to do that and you can leave without paying anything back and you won't have a problem finding a job paying similar money to your current package when you go back, then try it, you have nothing to lose. It's a new experience and it could work for you. If, however, you cannot answer positively to any one of those points, then give this matter very, very, very serious consideration.
 
#26 · (Edited)
Thank you all for taking the time to advise me on the matter.

The company name is Triangle-estates. It a new company. It goes live on 01/12/12.

I've turned down the offer after much consideration. The risk level seems to high especially considering the fact that its not an established company.

Do you guys think I have made the right decision?

I'm going to come there next month for a holiday and assess the market over there and then maybe apply for more roles with more established company's if I can see myself being successful in the environment.

Thanks
 
#35 ·
Hey Kas

I have been offered the same job, to go out in January.
Did you hear anythink else since turning it down?
Do you think you made the right chocie turning it down?
Like you, I am very nervous about it.
I believe 12 people are starting over the next few months.

Jade
 
#29 ·
Kas

What's the problem, your asking questions that really can't be answered, it's like you want someone to say, "yes everything is going to be awesome, you will earn plenty, have a great life" but it's all up to you, if you feel that you are confident and want to give this a go, come to dubai and give it 100% and if you do and it doesn't work out, don't feel depressed or feel like you failed, it's just a learning curve, Dubai is a fantastic place I also am coming out in April looking for work, the difference is I know dubai have visited over 20 times I have friends out there, and yes they say its tough but it's getting better, but you have to come out and understand how the market operates, network effectively, keep your outflows at a minimum and inflows to a maximum, I have contacted agents on many occasions asking about certain properties just to see how they would reply, mate they are very unprofessional, there only interested in the % they earn, Vantage is spot on if you spend time with a client ask them the right questions help them fulfil their needs you will get the business's it's about doing something different, than any other real estate guy/ woman out there.

Have you been offered a position or are you just going out and looking for something?

I have booked my seats and one month in a hotel in April the adventure begins, hope its a good one for you if you want to hook up when your there just inbox me pal,

You from the UK?

Cheers speak soon

Zee
 
#30 ·
Kas just read your last post ..

Just go out and have a holiday chill out at Jumeirah Beach Hotel go see Better homes ... Smith & Ken and work your way down the list

Dubai is good that's why this forum is busy people love Dubai and we are not the only people that have gone out and looked for work it happens every day

Cheers

Zee
 
#43 ·
go see Better homes ... Smith & Ken and work your way down the list
down the list?
With Smith & Ken near the top?

good grief! Total asshats!

Smith & Ken are best described by the Shakespearean Insult Calculator - and that is being kind.

Shakespeare Insult Kit

To create a Shakespearean insult...
Combine one word from each of the three columns below,
prefaced with "Thou":

Column 1 Column 2 Column 3

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#31 ·
All the agents I have contacted with from Better Homes are decent, where all others are like they don't really care about anything. I ended up renting a place from Better Homes even though I paid more than I would if I rented from an other random agent.

If I were you, I would try to get a position at Better Homes.
 
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