Dubai is a vibrant city, its world-class infrastructure has already established major players with respect to trade, tourism and also investors across the world. If you are planning to start a real estate business in Dubai there is an infinite amount of potential that keeps building. Real estate is one of the thriving businesses in Dubai.
Procedure for setting up a real estate business in Dubai:
1. Explore the location and business type :
According to the UAE, Regulations businesses are required to be 51% owned by UAE nationals. However, ownership can be 100% in a few locations such as free zones. In these areas, the regulations are lower and there is tax exemption for 50 years.
There are different types of business organization:
- Sole Proprietorship
- General Partnership
- Partnership
- Joint Venture
- Public Shareholding
- Private Shareholding
- Limited Liability Company
- Professional Company
2. Register a trade name:
Once you decide on the business type, register a trade name along with the necessary documents with the Department of Economic Development (DED). Once the documents are approved the UAE governemnt will grant you a commercial license.
3. Certify yourself for licensing process:
For the initial approval and authorization from the Real Estate Regulatory Agency (RERA) in Dubai, you need to undertake a professional course, in order to obtain the certificate from the agency.
4. Setup the office:
Being a real estate owner having your own office will make your customers trust you and work more ethically
Set up your real estate business with MSZ Consultancy!
Setting up a real estate business requires knowledge of expertise with respect to documentation and various other processes. MSZ Consultancy will assist you in setting up the business quickly and efficiently. Our team of experts will help you in every step of the real estate business setup. Get in touch with us today!
Find out how much it cost you to setup your Dream Business
Other Recent Blogs
Fintech in Dubai: The Future of Financial Services
Fintech in Dubai Dubai has been a pioneer in innovation and technology, and its emergence as a hub for fintech companies has been a significant milestone in the region's financial industry. The Dubai International Financial Centre (DIFC) has been at the forefront of...
Women in Business: Empowering Female Entrepreneurs in the UAE
Women in UAE Business The UAE has steadily grown to become a lucrative hub for entrepreneurship in recent years, attracting individuals from all over the world to set up their businesses. And as the business landscape in the UAE continues to evolve, the region is...
The UAE Launches New Golden Visa Platform
The UAE Golden Visa Program The UAE has been gaining attention recently for its "golden visa" program, which offers long-term residency to foreigners who invest in the country. Now, the UAE is taking its golden visa program to the next level by launching a new...
Augmented/Virtual Reality and Its Impact on the UAE Economy
Virtual Reality and the UAE The United Arab Emirates (UAE) has been at the forefront of embracing cutting-edge technologies, and the integration of augmented reality (AR) and virtual reality (VR) into the lives of its citizens is no exception. In recent years, the UAE...
Become a Resident of Dubai: Options for Investors and Global Citizens
Dubai’s Residency Program Dubai is a thriving global business hub that offers investors and entrepreneurs a wealth of commercial business opportunities. And as one of the most innovative and business-friendly cities in the world, Dubai has attracted investors and...
Mainland Company Formation in Dubai Without a Local Sponsor
Mainland Dubai Company Formation Dubai is home to a large market and a number of different jurisdictions that give investors the ability to work in a vibrant market with relaxed tax responsibilities. One such jurisdiction is known as Dubai’s Mainland, a region that’s...
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news
WhatsApp us