Taking up the profession of a real estate broker in Dubai is not a piece of cake. One has to follow certain rules, understand the flourishing real estate market, and have apt estimates about the property prices. Many successful real estate agents in Dubai follow the mantra of staying up-to-date with the property prices to allure their clients with the best deals.
The real estate market of Dubai is at its prime now, proving buoyant among toughening market conditions. The industry is emerging as a reliable investment option in UAE. As a result, many foreign real-estate investors all across the globe are flocking to ‘The City of Gold’- the focal point of development, to earn the best returns from real estate deals.
You will need a top real estate brokers in Dubai to help you strike the profitable and the best real estate deal. This will provide you guidance and support to sail easily through the various legal and complex processes pertaining to the Dubai government.
However, the best real estate agents you select in Dubai will have a huge impact on your returns.
If you a property agent in Dubai and aiming to have a successful career, here are the mistakes that you need to avoid:
1. Not having a proper estimate of the property price: As a responsible real estate agent, it is imperative on your part to provide the exact property price estimate to the clients. There is no room for any ambiguities or miscalculations about the property prices. It is important on your part to make sure that you are aware of the current real estate prices of the property so that you deliver the exact price estimates to your clients so that they can make informed decisions.
2. Waiting for the prices to rise: One of the most common mistakes of property agents in Dubai is that they wait for the property prices to rise in the near future so that they can earn high from the deal. However, this idea of waiting for the prices to rise is a mistake that should be avoided. As most of the time the agents might lose genuine investors and also there is a risk that the price might not increase, and the property will be left unsold for a longer period of time.
3. No understanding of the preferences of the investors: This is one of the key mistakes that a good real estate agent needs to avoid when dealing with investors. At times it so happens that the agent does not pay attention to the needs and preferences of the buyers and works to sell the property which the agent feel is best for their clients. This is an incorrect approach that should be avoided by the agents. A good real estate agent is one who works to understand the investor’s property preferences, their budget, and the area in which they are interested to buy a property. This will help the agents in providing proper guidance and support to their clients in helping them strike the best property deals.
4. Focusing marketing efforts on wrong areas: One of the common mistakes that property agents need to avoid is overspending on wrong marketing areas. Real estate magazines, Print newspapers may seem to be visible channels. But in today’s digital market space they do not yield good results. It is important to promote the business on social media platforms, publish articles and attend networking events. It is important that the real estate agent should focus on building a referral nexus that will serve them in the long run.
5. Not knowing the market: Real estate is all about understanding the market you will be working in. A professional and successful property agent should easily be able to advise on the market conditions in their niche area and also should closely follow the property trends there. This will help them in providing good deals for their clients.If you are a property agent in Dubai and want to have a successful and established career, you can approach us for career inputs and guidance.
