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
The Dubai 2020 Expo: An Introduction The Dubai 2020 Expo is a massive event dedicated to showcasing the best in human achievement and ingenuity. It’s an enormous festival set to bring in investors, businesses, and talent from across the globe to experience the finest...
Dubai: An Introduction In recent years, Dubai has transformed from a smaller trading town into a global trading hub known worldwide for providing an incredible wealth of business opportunities. Trade has long replaced oil as the main economic driver, with the city now...
Understanding Product Registration in the UAE Are you a business owner who is ready to take on the thriving economic market of the United Arab Emirates and its capital, Dubai? If you have a product that is sure to be a best-seller, it is time to begin the process of...
All Eyes On the UAE Investors and business professionals around the world are flocking to the United Arab Emirates. This Arab sheikdom booms with business, education, and industrial improvements. How are they setting themselves apart? Unlike most of their neighboring...
What is a Trade License? Dubai is home to one of the largest and most complex business markets in the world. It offers a boundless array of business opportunities and benefits that draw thousands of investors to the region each day. With comprehensive incentive plans...
What is an FDI? Foreign direct investments, or FDIs, are business investments made by a company or individual located in one country for business interests in another. This often occurs when a business entity acquires assets originally belonging to a foreign company....
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news