Real stories from Dubai brokers: what it's like to work in the UAE real estate market
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Today we have an amazing podcast. Inside co-founder Firuz and head of sales department Rukhshona Usmanova shared their experiences working in the Dubai real estate market.
The team recounted their stories about the advantages of working as brokers and the peculiarities of dealing with clients. Firuz and Rukhshona also shared amusing incidents.
For example, once two clients from Germany were interested in penthouses on Palm Jumeirah. They went through the whole process of viewing and discussing, and only when it was time to sign the documents did it turn out that the clients were thinking of renting, not buying.
To find out about other funny cases from their practice, watch the video.
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Video Content:
00:00 Introduction and backgrounds
01:07 Developer vs. broker experience: Experts discuss the differences between working for a developer and as a broker, emphasizing freedom and financial benefits in brokerage
02:23 Challenges in developer roles: Discussion on limitations faced when working directly for a developer and reasons for moving to brokerage
03:32 Scams in real estate: Potential scams in the real estate industry and Fos's past experiences with a dubious developer
04:44 Real estate investments and market prices
05:56 Compensation and commission structures: Details on how commission structures work within real estate companies and personal reactions to earning potential
07:03 Discussing the myths versus reality of becoming wealthy through real estate and the necessity of self-motivation
08:24 The benefits of being in control of one’s schedule and the entrepreneurial aspect of being a broker
09:32 Identifying successful brokers: How to recognize potential for success in brokers during interviews or brief interactions
11:58 High expectations in client service
14:28 Sharing funny and unusual experiences from their real estate careers, including language barriers and misunderstandings
15:37 Miscommunications and misunderstandings
22:03 Dealing with difficult situations
25:40 Ethical considerations and professional integrity
31:00 Strategies for choosing real estate investments
34:22 Long-term strategy and patient investing
39:04 Learning from mistakes and experience sharing
41:47 Advice for new real estate agents
45:45 Investment strategy and market opportunities
48:47 Ethics, red flags, and broker selection
54:50 Role of real estate agents in investor success
57:00 Building a successful career in real estate
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