How to handle inconsistent info from real estate agents in the UAE
Have you ever dealt with a realtor who seemed uninformed about the market or a property? You’re not alone! In the UAE’s competitive real estate market with numerous agents, there is a chance you’ve encountered an agent who might not be fully equipped to share information about your dream home. To help you navigate inconsistent info from UAE real estate agents, we’re sharing a few tips to smooth out your property journey.
Start with background checks on your agent
Verifying your agent’s credentials should be the first step in your property journey. In the UAE, real estate agents must hold a broker license issued by RERA (Real Estate Regulatory Agency) in Dubai, or a similar authority depending on the emirate.
You can look your agent up through their Agent Profile on Bayut, under the Find My Agent section. Bonus if they are a TruBroker™ since this implies their attention to listings and high responsiveness.
In addition, you should do your research on the real estate agency you’re working with. Make sure they have their Office Registration Number and are functioning under the law’s regulations. Taking this step protects you from potential issues down the line.
We strongly recommend verifying their trade license number before making any financial commitments, as this provides an additional layer of security and ensures they are a legitimate business.
Do your research
What better way to alleviate your confusion about inconsistent info from UAE real estate agents, than doing your research? You have all the tools for researching any property in the UAE, right here on Bayut! They are as follows:
- Use Bayut’s Area Guides and Building Guides if you want to deep dive into a building or locality. You can see average rents, popular buildings, amenities, facilities, closest supermarkets, schools and all the details that could answer your questions.
- Dubai Transactions on Bayut can be used to see all the rents and sales prices of a specific property type or building in a locality. You’ll have a better idea of the prices people are paying lately.
- Look up the property you’re interested in in Bayut’s search, then click on any listing and scroll further to find crucial details such as Property History and trends. Looking at other listings can also help you double-check the amenities and facilities of the property.
- Use Bayut’s Floor Plans feature to get a thorough understanding of the layout of the house you’re interested in.
Ask for all the documentation
It’s time to get into the nitty-gritty! Ask your agent for a comparative market analysis (SMS) and Oqood/Title Deed to see the details of the property. You can also scan the listing’s Trakheesi permit, available on all listings on Bayut, to verify the property details.
Learn about the UAE real estate regulations
Another way to feel confident in your property journey when faced with inconsistent info from UAE real estate agents is being equipped with knowledge about the market. It’s always good to be aware of the regulations, laws and processes that govern the UAE real estate, whether you’re a buyer or a seller. Things like the forms you want to fill, commissions to be paid, service charges, and rights, there are quite a few aspects to the process!
For the total newbie, we would recommend our very own blog – MyBayut, specifically the Market Trends section. We cover a wide range of topics, from comparisons of different areas, regulations and each facet of the real estate journey. Brush up on these basics and feel so much more confident!
Get lawyer-ed up!
Lawyers can be a bit pricey, but having legal professionals on your side can make you breathe a bit easy. Understanding legalities in your legal contracts, verifying property titles and navigating complex legal scenarios require an expert, so get yourself in touch with a good property lawyer.
Think of it as an investment in your peace of mind. A skilled lawyer can prevent costly mistakes and provide crucial guidance, ensuring your property transaction is legally sound and secure.
FAQs to Avoid Inconsistent Info from UAE Real Estate Agents
What is an exclusive listing in Dubai?
Let’s say you’re a seller in Dubai and decide to work solely with one agent to represent your property. When you sign a contract (Form A) deeming this agent to work exclusively for you, it is called an exclusive listing. Exclusive listings guarantee personalised attention and a closer relationship with the agent.
Why should I contact a TruBroker™ for my property search?
A TruBroker™ is an agent with exceptional response rates (they pick up calls and respond to WhatsApp enquiries faster) and TruCheck™ their listings. This means that a TruBroker™ prioritises customer service and can guarantee a better customer service experience in your property journey.
How can I avoid fake listings?
The best way to avoid a ‘fake’ listing, or a listing with false prices or details, is to look out for TruCheck™ and Checked™ listings. The former implies an agent visiting the property and validating the listing, as well as its documentation. The latter implies its documentation has been validated by Bayut.
Our tips are specific to the UAE property market and are based on tried and tested methods. Discover more ways to make your property journey seamless with MyBayut, the UAE’s favourite property blog.
