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
- 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
Introduction to the IFZA Free Zone Dubai Silicon Oasis has recently introduced a new business hub known as the IFZA Free Zone. This Free Zone has become an incredibly popular choice among investors worldwide, with an appealing company formation package, 100% foreign...
Introduction Established in 1995, the Sharjah Airport International Free Zone (SAIF) is the first certified airport Free Zone in the world. With a well-developed infrastructure, the SAIF Zone is one of the most well-reputed Free Zones in the UAE. By initiating...
Tax Residency Certificates: An Introduction What is a tax residency certificate? That’s a great question! This certificate, also known as a tax domicile certificate, confirms the country of tax residence for a particular company or legal entity. This certificate is...
Despite the effects of the ongoing pandemic, Dubai's Expo 2020 has brought thousands of visitors to the region since its opening in October. And since, the city has seen some of its best economic performance in years. This increase in travel and tourism can be...
Excited About Expo 2020 Dubai? Here’s What You Need to Know! The Dubai Expo 2020 is a months-long event that is drawing investors, businesses, and talent from around the world to celebrate innovation and technology. Since its opening festivities, this celebration has...
An Introduction to UAE’s Economic Substance Recently, the UAE government launched an initiative known as ‘Resolution No. 31 of 2019.’ This resolution requires all institutions foreign and domestic that conduct business in the region to demonstrate ‘economic...
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news