Dubai estate agents tell of fight to thrive and survive in win or bust race for a sale


Patrick Ryan
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Dubai property agents have opened up about the fast-paced reality of life in real estate — from marathon working hours and fierce competition for clients to the huge risks and rewards of a career where the winner takes all.

Netflix show Selling Sunset and more recently Dubai Hustle, currently airing on the BBC, have put real estate high-rollers selling luxurious properties to the wealthy in the spotlight.

But for many it is a pressure-cooker environment in which workers often walk a tightrope between fortune and failure, with one mega sale able to make or break their year.

And for those working on the rental side of the business, scrambling for commission can be intense, but without the dangling carrot of a multi-million dirham property sale to reach out for.

The National joined real estate agents on their search for sales this week, as they revealed the harsh realities beneath the veneer of glitz and glamour.

'High demand, low supply'

Known for being an incredibly demanding industry, there is no doubt the rewards from real estate can be enormous if you are prepared to make the necessary personal sacrifices.

This is the attitude of Matthew Smith — an estate agent with Powerhouse Real Estate in Dubai, who took home Dh750,000 in commission last month alone.

“The biggest sacrifice I have to make is sacrificing my time," said Mr Smith, whose agency's website listed several properties valued at more than Dh50 million this week.

Subversive tactics between agents can include calling each other up and posing as clients to find out which properties are on the market

"I am constantly working and on the phone or with clients and it digs into the time I’d like to spend with my girlfriend.

“The competition comes from everywhere.

“There are so many buyers in the market at the moment with so many different agencies and we’re dealing with a high demand of clients, and low supply of properties currently, so when a good property comes to the market it’s imperative to sell it first.”

Cut-throat industry

Elif Dulger, a consultant with Haus and Haus who specialises in properties in the Arabian Ranches area, said it takes time and effort to be successful but you also have to fend off competitors.

“It took me about two and a half months before I made my first sale,” she said.

“Competition here can be really fierce but that's part of the excitement too.

“You can easily lose a listing — but that just shows why it’s so important to have great relationships with your clients and a good track record. Most of my business is from referrals.”

Subversive tactics between agents can include calling each other up and posing as clients to find out which properties are on the market. They could then get in touch with the owner of the property and try to convince them to use their services too, and also list their property.

As a result, agents will often arrange viewings by only telling clients the apartment building or the street where a home is, and only after meeting in person directing them to the available property.

This can be a problem for clients, who might be shown the same unit more than once. It also means buyers interested in a specific community and equipped with a copy of the layout cannot check whether the available property is in a desirable street by simply asking for the unit number over the phone.

Unpredictable

Early starts and giving up weekends to get deals over the line make up the bulk of an agent's work. There is the often mistaken perception that days are spent driving around meeting clients for meals in pricey restaurants.

Ms Dulger who normally sells property in Arabian Ranches, where villas typically go for about Dh5.5 million, says to fit everything into her day she must set her alarm early.

“I normally get up at 5am every day,” said Ms Dulger.

“Especially if I want to work out because I won’t get it done any other time because the working day is so busy.

“I am usually working by 7.30am and do on average about 12 viewings a week.

“We have to be available to our clients seven days a week and it can be a very unpredictable job.”

Business is booming at the moment in the sector with more than 6,300 transactions in the emirate’s property market in April, an increase of 43 per cent from April 2021.

As well as the number of sales rising, buyers are also handing over more money to secure their new property.

Average prices of villas in Dubai have risen by more than 20 per cent in the last year, figures released by consultancy company CBRE show.

A 10-bedroom villa was recently sold in Dubai’s Palm Jumeirah for what was reported to be a record breaking Dh280 million.

While Ms Dulger accepts the market is thriving right now as it recovers from the pandemic, she insists there is still a need for agents to roll up their sleeves and work hard.

“Real estate is no different from most industries in that it has its glamorous and not-so glamorous sides,” said Ms Dulger, who has been working in the sector for more than 20 years.

100 per cent commission

Working on commission means every second counts when it counts to selling real estate in Dubai, which can increase the need for sacrifices to get a sale over the line.

Commission is typically 2 per cent of the final sale price but that can vary slightly from company to company.

“What most people don’t realise is that behind the glamour of working in real estate is a lot of hard work and very long hours,” said Ms Dulger.

“Sometimes the work hours take me away from my family during weekend and evenings — often with last minute changes to plans.”

Doing the groundwork

Another expert reckons people new to the job in Dubai should be prepared to give themselves at least a year in the role before making any real money.

“You should be prepared to spend the first six months learning and building up contacts and leads,” said Reshma Khan, a sales director with TS Real Estate.

“Then the next six months should be spent putting what you’ve learnt into practice.

“After that you will know if it is going to work out for you or not.”

She trained as a lawyer in India before moving to the UAE where she worked as cabin crew before becoming an estate agent.

Ms Khan said agents in Dubai must be prepared to work around the clock to make sales and meet clients’ expectations.

“It might be all glamour from the outside but it’s really hard work,” said Ms Khan.

“What you see in the television shows is representative of less than 5 per cent of the estate agents here.

“The reality is you have to work very, very hard and be prepared to give up your free time and holidays.”

Sometimes the competition is not only from rival firms, she said.

“Sometimes agents working for your own company can get hold of the listings and sell them through a competitor to get higher commissions,” she said.

Within half a decade she plans to be able to retire having made her fortune from the industry.

“I want to retire somewhere with lush greenery where I can live in a farmhouse,” said Ms Khan.

Abu Dhabi may be a different market but a building boom has led to significant demand for sales and rentals.

“My workday is very long as we are on call for our customers throughout the day but I try to end my day around 10pm,” said Faozia Aman, from Yemen, who works as a sales manager with Metropolitan Capital Real Estate in Abu Dhabi.

Faozia Aman said working off commission pushes her to do better. Photo: Metropolitan Capital Real Estate
Faozia Aman said working off commission pushes her to do better. Photo: Metropolitan Capital Real Estate

“I work solely off commission and it pushes me to work harder. Understanding the requirements and then identifying the right property, putting all the pieces together and co-ordinating with all the different parties does come with its own set of challenges.”

She said the competitive nature of the market means estate agents had to remain alert at all times to avoid losing out on sales.

“It's competitive, just like any sales job. Especially with a lot of new companies and agents entering the real estate industry, many different agents working towards the same goal of buying and selling real estate and winning new business,” she said.

“The sacrifices come in the way of time, money and sleep in some cases.

“I might be invited to a weekend event that I will have to pass on in order to go to a viewing. You never want to lose out on a deal because you didn't work hard enough!”

Brief scoreline:

Manchester United 1

Mata 11'

Chelsea 1

Alonso 43'

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MATCH INFO

Fixture: Thailand v UAE, Tuesday, 4pm (UAE)

TV: Abu Dhabi Sports

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UAE FIXTURES

October 18 – 7.30pm, UAE v Oman, Zayed Cricket Stadium, Abu Dhabi
October 19 – 7.30pm, UAE v Ireland, Zayed Cricket Stadium, Abu Dhabi
October 21 – 2.10pm, UAE v Hong Kong, Zayed Cricket Stadium, Abu Dhabi
October 22 – 2.10pm, UAE v Jersey, Zayed Cricket Stadium, Abu Dhabi
October 24 – 10am, UAE v Nigeria, Abu Dhabi Cricket Oval 1
October 27 – 7.30pm, UAE v Canada, Zayed Cricket Stadium, Abu Dhabi

October 29 – 2.10pm, Playoff 1 – A2 v B3; 7.30pm, Playoff 2 – A3 v B2, at Dubai International Stadium.
October 30 – 2.10pm, Playoff 3 – A4 v Loser of Play-off 1; 7.30pm, Playoff 4 – B4 v Loser of Play-off 2 at Dubai International Stadium

November 1 – 2.10pm, Semifinal 1 – B1 v Winner of Play-off 1; 7.30pm, Semifinal 2 – A1 v Winner of Play-off 2 at Dubai International Stadium
November 2 – 2.10pm, Third place Playoff – B1 v Winner of Play-off 1; 7.30pm, Final, at Dubai International Stadium

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Boulder shooting victims

• Denny Strong, 20
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• Rikki Olds, 25
• Tralona Bartkowiak, 49
• Suzanne Fountain, 59
• Teri Leiker, 51
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• Lynn Murray, 62
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GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

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NINE WINLESS GAMES

Arsenal 2-2 Crystal Palace (Oct 27, PL)

Liverpool 5-5 Arsenal  (Oct 30, EFL)

Arsenal 1-1 Wolves (Nov 02, PL)

Vitoria Guimaraes 1-1 Arsenal  (Nov 6, Europa)

Leicester 2-0 Arsenal (Nov 9, PL)

Arsenal 2-2 Southampton (Nov 23, PL)

Arsenal 1-2 Eintracht Frankfurt (Nov 28, Europa)

Norwich 2-2 Arsenal (Dec 01, PL)

Arsenal 1-2 Brighton (Dec 05, PL)

Points tally

1. Australia 52; 2. New Zealand 44; 3. South Africa 36; 4. Sri Lanka 35; 5. UAE 27; 6. India 27; 7. England 26; 8. Singapore 8; 9. Malaysia 3

PROFILE OF STARZPLAY

Date started: 2014

Founders: Maaz Sheikh, Danny Bates

Based: Dubai, UAE

Sector: Entertainment/Streaming Video On Demand

Number of employees: 125

Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners

Asian Cup 2019

Quarter-final

UAE v Australia, Friday, 8pm, Hazza bin Zayed Stadium, Al Ain

Upcoming games

SUNDAY 

Brighton and Hove Albion v Southampton (5.30pm)
Leicester City v Everton (8pm)

 

MONDAY 
Burnley v Newcastle United (midnight)

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Conflict, drought, famine

Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.

Band Aid

Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.

PRIMERA LIGA FIXTURES

All times UAE ( 4 GMT)

Saturday
Atletico Madrid v Sevilla (3pm) 
Alaves v Real Madrid (6.15pm) 
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Eibar v Celta Vigo (8.30pm)
Las Palmas v Leganes (8.30pm)
Real Sociedad v Valencia (10.45pm)

Monday
Real Betis v Levante (11.pm)

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Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

Suggested picnic spots

Abu Dhabi
Umm Al Emarat Park
Yas Gateway Park
Delma Park
Al Bateen beach
Saadiyaat beach
The Corniche
Zayed Sports City
 
Dubai
Kite Beach
Zabeel Park
Al Nahda Pond Park
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Safa Park
Al Mamzar Beach Park
Al Qudrah Lakes 

UAE currency: the story behind the money in your pockets
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Name: Hassan Mohsen Elhais

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What went into the film

25 visual effects (VFX) studios

2,150 VFX shots in a film with 2,500 shots

1,000 VFX artists

3,000 technicians

10 Concept artists, 25 3D designers

New sound technology, named 4D SRL

 

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The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

WHAT FANS WILL LOVE ABOUT RUSSIA

FANS WILL LOVE
Uber is ridiculously cheap and, as Diego Saez discovered, mush safer. A 45-minute taxi from Pulova airport to Saint Petersburg’s Nevsky Prospect can cost as little as 500 roubles (Dh30).

FANS WILL LOATHE
Uber policy in Russia is that they can start the fare as soon as they arrive at the pick-up point — and oftentimes they start it even before arriving, or worse never arrive yet charge you anyway.

FANS WILL LOVE
It’s amazing how active Russians are on social media and your accounts will surge should you post while in the country. Throw in a few Cyrillic hashtags and watch your account numbers rocket.

FANS WILL LOATHE
With cold soups, bland dumplings and dried fish, Russian cuisine is not to everybody’s tastebuds.  Fortunately, there are plenty Georgian restaurants to choose from, which are both excellent and economical.

FANS WILL LOVE
The World Cup will take place during St Petersburg's White Nights Festival, which means perpetual daylight in a city that genuinely never sleeps. (Think toddlers walking the streets with their grandmothers at 4am.)

FANS WILL LOATHE
The walk from Krestovsky Ostrov metro station to Saint Petersburg Arena on a rainy day makes you wonder why some of the $1.7 billion was not spent on a weather-protected walkway.

HIJRA

Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy

Director: Shahad Ameen

Rating: 3/5

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The specs: 2018 Renault Megane

Price, base / as tested Dh52,900 / Dh59,200

Engine 1.6L in-line four-cylinder

Transmission Continuously variable transmission

Power 115hp @ 5,500rpm

Torque 156Nm @ 4,000rpm

Fuel economy, combined 6.6L / 100km

What is Folia?

Prince Khaled bin Alwaleed bin Talal's new plant-based menu will launch at Four Seasons hotels in Dubai this November. A desire to cater to people looking for clean, healthy meals beyond green salad is what inspired Prince Khaled and American celebrity chef Matthew Kenney to create Folia. The word means "from the leaves" in Latin, and the exclusive menu offers fine plant-based cuisine across Four Seasons properties in Los Angeles, Bahrain and, soon, Dubai.

Kenney specialises in vegan cuisine and is the founder of Plant Food Wine and 20 other restaurants worldwide. "I’ve always appreciated Matthew’s work," says the Saudi royal. "He has a singular culinary talent and his approach to plant-based dining is prescient and unrivalled. I was a fan of his long before we established our professional relationship."

Folia first launched at The Four Seasons Hotel Los Angeles at Beverly Hills in July 2018. It is available at the poolside Cabana Restaurant and for in-room dining across the property, as well as in its private event space. The food is vibrant and colourful, full of fresh dishes such as the hearts of palm ceviche with California fruit, vegetables and edible flowers; green hearb tacos filled with roasted squash and king oyster barbacoa; and a savoury coconut cream pie with macadamia crust.

In March 2019, the Folia menu reached Gulf shores, as it was introduced at the Four Seasons Hotel Bahrain Bay, where it is served at the Bay View Lounge. Next, on Tuesday, November 1 – also known as World Vegan Day – it will come to the UAE, to the Four Seasons Resort Dubai at Jumeirah Beach and the Four Seasons DIFC, both properties Prince Khaled has spent "considerable time at and love". 

There are also plans to take Folia to several more locations throughout the Middle East and Europe.

While health-conscious diners will be attracted to the concept, Prince Khaled is careful to stress Folia is "not meant for a specific subset of customers. It is meant for everyone who wants a culinary experience without the negative impact that eating out so often comes with."

Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
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War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

Updated: June 08, 2022, 5:59 PM`