Sunday, January 10, 2010

Real estate brokers now recognize as separate professional category

The prospect of an 'all professional' concept in Dubai Property moved a step closer today with the Real Estate Regulatory Agency (RERA) announcing an commendation with the Ministry of Labour (MoL) to have Dubai real estate brokers officially recognised as a separate professional category.

New Labour Cards and Residence Visas issued to realty broker will now include their designation, in exchange to the previous practice of categorising them all as sales staff.

RERA is near to finalising a comprehensive agreement with the MoL which will see all the professions it registers - much as valuers, consultants, mortgage brokers, agents, and surveyors -formally recognised as separate job categories by the Ministry. Marwan containerful Ghulaita, Chief Executive Officer of RERA, said, \"This is the first step towards a complete classification of the real realty professions in Dubai.\"

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