I have followed the following steps to enable UEM:
1) Installed java agent by configuring the agent path in application's startup file
2) Configured Tier for same in system profile.
3) Post server restart I was able to get all the purepath request from the server.
4) Created a new application under Applications tab
5) Added the application to User Experience tab and enabled UEM
7) Tried to access https://domainname/directory/dynaTraceMonitor. But the request ended up with http status 404.
Did I miss anything!