Real Estate Consultancy in Dubai
Are you planning to start a real estate business in the UAE? Embarking on a real estate business in Dubai offers enticing prospects owing to its exceptional infrastructure, strategic positioning, iconic skyline, bustling trade avenues, vibrant tourism sector, and favorable tax regulations. With the city's property market witnessing rapid expansion, it promises lucrative returns on investment.
UAE’s E-Government services enable seamless certification, license acquisition, payment processing, and visa issuance, making navigating the administrative procedures of establishing a real estate business in Dubai easier.
Steps to Set up a Real Estate Company in Dubai?
Legal business registration is mandatory everywhere, including in Dubai. To set up a real estate company in Dubai, follow these general steps:
- Choose a Company Structure: Decide on the legal structure of your company, whether it's a sole proprietorship, partnership, limited liability company (LLC), or a free zone entity.
- Registering a Trading Name: Once you've chosen your company's legal form or business model, you must apply to the Department of Economic Development (DED) in Dubai with all necessary supporting documentation to register your trade name.
- Preliminary Approval Request: The following step is to submit the required application form and the first documents listed below to obtain the preliminary approval request receipt.
- Application form
- Passport copies of the owner or manager and all shareholders
- Visa copies of all shareholders
- Attested high school or university degree certificates of the manager and partners
- Approval from Real Estate Regulatory Agency (RERA): RERA approval is the next stage. You must get the right credentials to do this. To do this, one must enroll in and complete a formal qualification offered by the Dubai Real Estate Institute. (DREI).
- Prepare Legal Documents: Prepare the necessary legal documents, including Memorandum of Association (MOA), Articles of Association (AOA), and other required paperwork based on your chosen company structure.
- Lease Office Space: Secure office space for your real estate company in a suitable location as per the regulations.
- Register with RERA: If you are engaging in real estate brokerage or property management activities, register your company with the Real Estate Regulatory Agency (RERA).
- Open a Bank Account: Open a corporate bank account in a local bank and deposit the minimum required capital.
Benefits of Starting a Real Estate Business in Dubai
- Booming Real Estate Market: Dubai's real estate market is highly sought-after globally, offering abundant opportunities for companies to thrive due to the increasing demand.
- Strategic Location: Dubai's position between Europe, Asia, and Africa makes it a crucial international economic hub. This means real estate businesses in Dubai have easy access to a large pool of potential clients and partners.
- World-Class Infrastructure: Dubai has invested heavily in its transportation, communication, and utility systems. This strong infrastructure supports real estate operations and makes it easier for clients to access properties.
- Stable Economy: Dubai's stable and diversified economy significantly emphasizes the real estate sector. The government has also taken measures to ensure the real estate market remains stable and transparent, making Dubai an attractive location for real estate ventures.
- Ease of Doing Business: The Dubai government has implemented various policies to streamline business operations in the city.
Dubai offers an excellent environment for establishing a real estate firm. It boasts a thriving real estate market, favorable tax regulations, a prime location, top-notch infrastructure, a stable economy, and business-friendly policies. These factors make Dubai an ideal place for real estate companies looking to expand their operations and increase their profits.
Why Choose Centriz Corporate Services for Starting a Real Estate Business in Dubai?
Centriz Corporate Services has lots of experience in helping people start companies in Dubai. Our team of corporate service provider are chosen because they know a lot about Business, Taxes, Laws, and Money matters. We've helped clients from 50 countries, and our clients usually really like our services. To learn more, please get in touch with us now!
