Buying and selling properties in Dubai is so popular for its incredible returns. The real estate business in Dubai has remained sturdy throughout all the difficult situations, making it a lucrative business opportunity. As there is a booming investment market, the demand for this real estate in Dubai is also high. A growing population density in Dubai, especially the increasing number of expatriates, coupled with the pro-business government policies and robust economy, has attracted potential investors to set up brokerage companies for buying and selling real estate in Dubai.
If you are interested in starting real estate activities in Dubai, then now is a good time to invest in this huge and demanding market. To help you out, Experts Business Setup Company in Dubai has listed the main requirements.
Opening a Real Estate Company in Dubai
If you are interested in starting real estate activities in Dubai, you can register them either on the mainland or in the free trade zones. If you are interested in establishing a real estate brokerage company in Dubai, the free zones are the most convenient option.
- Decide the legal Structure
Before you start real estate activities, decide on the type of business structure that you need. This will help put the company operationally and financially in the best position. There are two types of business structures to carry out real estate brokerage activities:
- Sole proprietorship
- Limited liability company
Find a local sponsor for your company because the real estate business can be formed only under the ownership of a UAE national.
- Register a trading name
Get a trade name for your company by applying to the Department of Economic Development in Dubai along with all the required and relevant documents. Preliminary Approval Request
Acquire the preliminary approval request receipt by submitting the application form and the following documents.
- Application form
- Passport copies of the owner and the shareholders
- Copy of the visa of shareholders
- Attested high school and degree certificates of the partners
- Approval from RERA
The next step is getting approval from RERA. To get approval, you need to pass a certain qualification issued by the Dubai Real Estate Institute. The certificate awarded is known as Certified Training for Real Estate Brokers. After this, you have to clear the RERA exam.
- MoA or LSA
Based on the legal form of the business, a signed and completed MoA or LSA of the business is required. This document will be legalized or notarized in court.
- Choose a location for business
Office space is mandatory to start a business, if the office space is rented, arrange a tenancy contract with the concerned people.
- Apply for a license
To start a real estate business, you need to get a real estate trade licence, which allows you to run the business. Experts Business Setup Company in Dubai is here to help you with all the licencing procedures.
Documents Required
- Passport Copy
- Copy of Emirates ID
- Visa pages ( either residence or tourist visa)
- Ejari copy
- Registration with RERA
After getting the license you can now register with RERA by submitting the following documents.
- Application form
- DED license copy
- Tenancy contract
- Payment receipt for RERA courses
- Location of your business
- Registration with DNRD & MOL
Get your real estate company registered with the Department of Naturalisation & Residency Dubai and the Ministry of Labour to employ foreign employees and sponsor their visas.
- Good Conduct Certificate
The good conduct certificate is issued by the Dubai Police General Headquarters.
- Approval from the Dubai Land Department
To open a real estate company approval from the Dubai Land Department is necessary. This is the governmental body that administers everything concerning real estate in the region.
If you are planning to start a real estate activity in Dubai then there is no better base than Experts Business Setup Company in Dubai. We provide an easy and straightforward approach to setting up your business. So, you can connect with our professional team to handle all the prerequisites of establishing a real estate business, letting you concentrate on developing your business.
Setting up a company in Dubai can be a daunting task, but with the help of Expert Corporate PRO Services in Dubai, the process becomes much easier. We offer a wide range of services and expertise to ensure that your company is set up efficiently and in compliance with all legal requirements. Whether you are a small business owner or a multinational corporation, Expert Business Service Provider can assist you every step of the way. With our wealth of knowledge and experience, you can be confident in the success of your company in Dubai.
