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From Dh6,000 salary to Dh2.5 million commission: Some UAE realtors are cashing in on property boom

How did that happen? And what do they do with all the cash they take home after a sale?

Published: Fri 7 Mar 2025, 2:49 PM

Egyptian expat Rasha Ibrahim came to the UAE in 2007‭ ‬to work as cabin crew for a monthly salary of Dh6,000‭. ‬However‭, ‬life had other plans for her‭, ‬and she found herself becoming a real estate agent‭. ‬Last year‭, ‬she closed nearly‭ Dh2‭ ‬billion in total sales volume‭.‬

Uzbek expat‭ ‬Ahmedov gave up a promising law career to move to Dubai to become a real estate agent‭. ‬In 2023‭, ‬he made the biggest‭ ‬sale of his career‭ ‬—‭ ‬a villa costing Dh205‭ ‬million‭.‬

‭Ahmedov ‬and Rasha are among a group of elite real estate agents who earn millions of dirhams in commissions as they navigate the real estate boom in Dubai‭. ‬While some work around the clock to ensure their clients are happy‭, ‬others choose to specialise to make the‭ ‬best use of their resources‭.‬

Russian real estate agent Vladimir Minaev has been working in the UAE since 2015‭. ‬Last year‭, ‬he rented out an apartment for Dh4‭.‬4‭ ‬million‭ ‬—‭ ‬one of the most expensive apartment leases in the city’s history‭. ‬Arriving here with no knowledge of English‭, ‬Vladimir worked hard for years to master the language so he could reach more clients‭. ‬Today‭, ‬he is the top agent at Metropolitan Real Estate agency‭, ‬a spot he has striven hard to keep over the last four years‭.‬

One of the things all these agents have in common is that when they got a good commission‭, ‬they bought themselves properties‭. ‬And some went all-out to splurge on luxurious gifts for themselves‭. ‬With one of his biggest commissions‭, ‬for example‭, Artur from Espace real estate‭ bought his‭ ‬dream car‭, ‬a Mercedes Benz G-class‭. ‬In fact‭, ‬he bought two‭. ‬“I bought a matte finish G-wagon for myself and a glossy finish one for my wife‭,‬”‭ ‬he said‭. ‬“It was both mine and my wife’s dream car so we decided to buy one each‭.‬”

Meanwhile‭, ‬Vladimir prefers to spend his money on good cars‭, ‬clothes‭, ‬and watches‭. ‬“When you are in the luxury property market‭, ‬the people you meet are one of a kind‭,‬”‭ ‬he said‭. ‬“It means you have to dress well and carry yourself in a certain manner‭. ‬It should not be a way to show off or be loud but simply‭ ‬an expression that you know how to get business done‭. ‬One time I was with a client‭, ‬and he noticed my Patek Philippe watch‭. ‬We‭ ‬started talking about watches and it was an instant connection‭.‬”

When she got her biggest commission‭, ‬a whopping Dh2.5‭ ‬million‭, ‬Rasha invested it in property‭. ‬“I bought a car‭, ‬but the big purchase was a three-bedroom beachfront property‭,‬”‭ ‬she said‭. ‬“It cost me Dh6.7‭ ‬million‭. ‬Currently‭, ‬it is valued at almost double and rented out for Dh550,000‭. ‬This is why I believe real estate is the best steady investment as it’s tangible and safe‭.‬”

Vitaly Gamayunov‭, ‬a broker at Whitewill‭, ‬closed his biggest deal in 2024‭ ‬by selling a penthouse on Bluewaters Island for Dh84‭ ‬million‭. ‬He rewarded himself with a vacation‭. ‬“We took a dream trip to the Maldives and stayed at JOALI Being‭,‬”‭ ‬he said‭. ‬“It was an experience in luxury and tranquility‭, ‬and really helped me disconnect from the world‭.‬”

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Working through challenges

Rasha’s interest in real estate began when she invested in a property for the first time and was unhappy with her broker‭. ‬“I had studied everything I could about the project‭, ‬and I was more knowledgeable than the agent‭,‬”‭ ‬she said‭. ‬“I thought I could do so much better‭. ‬When I bought my first apartment‭, ‬I had a salary of Dh11,000‭, ‬of which Dh8,200‭ ‬would be deducted towards the loan for four years‭. ‬I struggled a lot at the time‭, ‬but God was always by my side‭. ‬That is why after all these‭ ‬years‭, ‬I still haven’t sold it because it is so dear to my heart‭.‬”

For almost a decade‭, ‬she worked in real estate as a side gig‭. ‬“There were days when I flew 12‭ ‬to 13‭ ‬hours and upon returning‭, ‬I would head out straight for viewings‭,‬”‭ ‬she recalled‭. ‬“After viewings‭, ‬I would head back to the airport and change into my uniform in the car‭.‬”‭ ‬

In 2018‭, ‬she made the switch and joined a developer as a full-time real estate agent‭. ‬Just as she became successful‭, ‬her plans were derailed by Covid-19‭ ‬when she was laid off‭. ‬“Those were hard times‭,‬”‭ ‬she recalled‭. ‬“I remember going out during peak Covid‭, ‬risking my health to meet a buyer and closing a deal‭.‬”

Indian agent Himanshu Sharma‭, ‬who works for A1‭ ‬Properties‭, ‬made the switch from being an automobile engineer to a real estate agent in 2006‭. ‬Two years later‭, ‬when the 2008‭ ‬recession hit‭, ‬he was left counting his losses‭. ‬“I had just purchased a‭ ‬Dh3.6‭ ‬million apartment in Dubai Marina for myself‭,‬”‭ ‬he recalled‭. ‬“I still don’t know how I survived that time‭.‬”

The biggest setback for him at the time was how many of his clients lost their money‭. ‬“Many developers left the country and projects were canceled‭,‬”‭ ‬he said‭. ‬“Some of my clients had invested their life savings in it‭. ‬I tried my best to help them‭, ‬but it was hard‭. ‬Since then‭, ‬I only sell‭ ‬units on the secondary market‭. ‬Something that buyers can walk into and physically see‭. ‬I still prefer not to sell off-plan properties‭.‬”‭ ‬

Today‭, ‬he manages a portfolio of over 3,000‭ ‬investors and specialises in the DIFC area‭.‬

‬Artur specialises in Palm Jumeirah properties‭, ‬an area he refined during the pandemic‭. ‬“I cemented my reputation during that time‭, ‬selling mostly to Emirati clients‭. ‬Within just two-three years‭, ‬I managed to triple the investments of most of my clients‭. ‬I managed to use a tough time to my advantage‭.‬”

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Going the extra mile

The key for all the agents was to specialise in certain areas or fields‭. ‬For Vladimir‭, ‬it was the luxury market‭. ‬Last year‭, ‬he sold two adjacent Bvlgari villas in Jumeirah Bay village for Dh160‭ ‬million‭. ‬The first thing he did after getting his commission was to stay in a Bvlgari resort in Bali‭. ‬“I believe that if you want to sell to clients‭, ‬you should know what you are selling‭,‬”‭ ‬he said‭. ‬“If I don’t experience a villa of the brand and know what its amenities are‭, ‬how can I convince my buyers to invest in it‭?‬”

He said he always makes an effort to get to know the client and their interests before heading for a meeting‭. ‬“I have one client who invested heavily in Tesla stocks and another one who loved football‭,‬”‭ ‬he said‭. ‬“So‭, ‬before a meeting with them‭, ‬I will always scan the news on the latest in their field of interest‭. ‬We are not just selling units‭, ‬we are creating relationships‭.‬”

Rasha said she is well known among her circles for picking up a client’s call even at 3am‭. ‬“If I am not available when the client needs me‭, ‬then who will do it‭?‬”‭ ‬she said‭. ‬“I feel responsible for them‭. ‬So‭, ‬I am available around the clock and even while I am on vacation‭. ‬Sometimes‭, ‬you work really hard for a property for months and then the client closes with some other agent‭. ‬That is very common in our industry‭, ‬but you can’t let it affect you‭. ‬I still keep in touch with such clients and help them with other properties‭.‬”

Artur’s biggest sacrifice is family time‭. ‬“Sometimes‭, ‬I am watching a movie with my son and wife at night when I get a call‭,‬”‭ ‬he said‭. ‬“By the time I finish my call‭, ‬the movie is over‭, ‬and my son is asleep‭. ‬And that is why I always splurge on my wife‭. ‬She sacrifices a lot so I can go out there and do my job‭. ‬Both of us make it together‭.‬”

With plenty of ups and even more downs‭, ‬these agents work hard to succeed in a highly competitive industry‭. ‬Although they make big commissions‭, ‬some of them have gone months without a sale in the early days of their career‭. ‬“One of the biggest mistakes rookie real estate agents make is that they think this field is easy and they can easily make money‭,‬”‭ ‬said Rasha‭. ‬“However‭, ‬this is a stressful field with no proper schedule or downtime‭. ‬People who are switching to this career have to be prepared with funds for at least six to eight months because it takes them that long to find a footing in this industry‭. ‬And even when they make their first sale‭, ‬they never know when or where their next sale is coming from‭.‬”