'Commission-Based Compensation': Certain real estate agents in the UAE can make an equivalent of two years' salary in a single day due to high commission rates.
In the bustling world of UAE real estate, a new star has emerged. Tamara Cortan, a former flight attendant, has found her wings in a different sky, soaring to great heights in the property market.
Tamara recently joined forces with The Metropolitan Group, a leading brokerage firm, and has made an impressive impact. Within just two weeks of joining, she achieved over Dh60 million in sales, a remarkable feat for any real estate agent.
The Metropolitan Group, known for its global presence, boasts a diverse team of talent from around the world. Tamara, along with other top earners, is no exception. The firm's roster includes Russian-speaking professionals, Europeans, and brokers from Egypt, Syria, and beyond.
Mike Fleet, Deputy CEO of The Metropolitan Group, attributes the company's success to its commitment to providing agents with a structured and continuous learning approach. This approach helps agents meet the ever-evolving demands of the market.
The UAE's real estate sector is fueled by new off-plan launches, government efforts to position the country as a global investment hub, and initiatives like the Golden Visa residency schemes. These factors have made the UAE's real estate market one of the most lucrative in the region, attracting both local and international buyers.
Tamara's success story is a testament to this. She has brokered and closed sales for three buyers at an off-plan launch, each purchasing two units. Her hard work and dedication have earned her the equivalent of two years of her previous salary in a single day.
Tamara finds motivation in the unpredictability of her job, as no two days are the same and she never knows who she will meet. Currently, she is working with Crompton Partners in Abu Dhabi, where she spends her busiest hours in the evenings, from 6pm to 10pm.
For brokers in the UAE's real estate sector, this translates into enormous commission opportunities, but also a level of unpredictability that makes income far from steady. Aisha M, a Dubai broker, experiences this firsthand. She shares that some months earn more than what most people earn in half a year, while other months she walks away with nothing.
Despite the challenges, the allure of the UAE's real estate market continues to draw in ambitious individuals like Tamara Cortan. As The Metropolitan Group continues to grow and thrive, we can expect to see more success stories like hers in the future.
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