How to start a Real Estate Business in Dubai?

How to start a Real Estate Business in Dubai?

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Real Estate Business in Dubai

Setting up a real estate business in Dubai can be a lucrative opportunity for you. With its world-class infrastructure, breathtaking skylines, trading opportunities, and tourism, Dubai has emerged as one of the world’s top regions to attract foreign investments. Renowned for the world’s highest building Burj Khalifa or the beautiful Marina101, Princess Towel, among others, Dubai’s property market is continuously growing at an unprecedented rate.

Understand the Market If you want to be a successful real estate entrepreneur in Dubai, you need to understand the market. Look at the areas you want to set up your business and know everything there is to know about them.

Don’t just rely on virtual information, instead conduct a physical inspection and explore the surroundings. Another great way to understand your real estate market is to talk to the neighboring property owners, who usually have great insights about the day-to-day engagements and livelihood.

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Choose a business model If you’re a foreign national trying to set up a real estate business in Dubai, you’ll need to choose your business model wisely. If you want complete ownership of your business, you’ll need a license in the free zone, which comes with restrictions. You’ll need to partner with a local service agent to conduct trading operations in the UAE. The other alternative is to set up a business in the mainland, where you’ll have a 100% percent stake of your company & UAE citizen will be local Service agents only. The citizen acts as a sponsor and ensures you run your business and trade as per your wishes. No matter what type of ownership your choose, your business model can be:

Complete the Company Registration Process Upon deciding on a type of business, you’d need to register it in Dubai. Along with the business, you’ll also have to think of a trading name under which you’ll conduct operations. Try to come up with names that remind people of real estate and immediately click with them.

Apply for Relevant Company Certifications Dubai has a Real Estate Regulatory Authority that issues the licenses for establishing a real estate business in Dubai. You’ll need to get your business approved and authorized by this organization by undertaking a professional training course.

Investors looking to set up their companies in the mainland region are aware of partnering with a local sponsor (UAE national) who gets a 51% shareholding in your company. However, you need to offer 100% ownership to an Emirati in the case of a real estate brokerage firm.

This is done to ensure that ex-pats don’t go overboard with the monetary transactions related to their real estate company in Dubai.

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Why do you need 100% UAE local ownership for a Real Estate Brokerage Business in Dubai?

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What is the cost of opening a real estate brokerage in Dubai To open a real estate brokerage in Dubai, you need to have a real estate brokerage license.

For an LLC, the minimum cost for a real estate brokerage license is AED 53,950 approx.

And to acquire the license, you have to clear the registration exam by the Real Estate Regulatory Agency (RERA). The exam fee which is included in the cost of opening a real estate brokerage in Dubai is different based on your educational qualification!

The total cost of opening a real estate brokerage in Dubai varies based on your location and business activities.

Emport export business license in Dubai EXPORT IMPORT BUSINESS Start the export import business in Dubai, it is imperative that one gets the required license from the concerned authorities. The procedure for obtaining the import export license is fairly simple and can be done online as well.

OUR STORY SHURAA – THE PIONEERS OF BUSINESS SETUP SERVICES IN THE UAE Shuraa Business Setup was founded by Mr Saeed Khalifa Mohammed Al Fuquei in the year 2001. The organization was initiated with an agenda to help individuals start a business in Dubai or any other emirates. For the past 18 years, we have registered over 20,000 companies in the UAE.Shuraa Business Setup helps with crucial paperwork and other governmental permissions which is important while setting up a business in Dubai. We share years of acquaintance with the government officials and regulatory authorities, that makes business setup easier.

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Foodstuff Trading Business in Dubai If you're planning to start a foodstuff trading business in Dubai or you're able to get a DED food trading license in Dubai, then you've made the right decision. Food trading industry in Dubai is an ever-growing business.

Investor Visa Dubai Are you looking for Investors Visa In Dubai?.

UAE investor visa comes with the validity of 3 years, allows the holder work and live in Dubai and can also act as a sponsor for other family members.

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EMAIL ADDRESS info@shuraa.in

PHONE NUMBER +91-8010990022