Dubai is a global beacon of opulence and prosperity with its iconic and inspiring marvels of architecture. Amidst this landscape of iconic marvels, the sector of real estate is standing as a shining gem of opportunity, which is mostly referred to as Golden Opportunity. The real estate business in Dubai has become a magnet for property developers and investors.

The strategic location of the city, policies are investor-friendly, as well as the steady arrival of tourists and residents have forged a storm for the market of real estate. In this blog, we will dive into the heart of the business in real estate. We will also explore various aspects of this sector from company structures to how to start a real estate business in Dubai.

Jump right in:

Real Estate Company Structures in Dubai
How to Get a Real Estate License in Dubai
Cost of Setting Up a Real Estate Business in Dubai
The Benefits of Starting a Real Estate Business in Dubai
Conclusion
FAQS

Real Estate Company Structures in Dubai

When the question arises as to how to structure your business of real estate in Dubai, there you have various options. You can choose an LLC (Limited Liability Company) which will allow you to have 50 shareholders, a Sole Trader (considered as one of the simplest forms of business structure), a foreign company’s branch, or you can even set up your business in the free zone.

All these structures have their own set of rules, regulations, implications, and requirements. The business setup consultant Dubai can guide you through the best option for your new business venture.

How to Get a Real Estate License in Dubai

In Dubai, to start your business venture of real estate, you need to have a license which has to be issued by the Dubai Land Department. The process of having a license involves fulfilling certain qualifications which include experience and educational requirements which have to have adhered to the guidelines that are set by the authorities.

Your consultant of business set up Dubai can assist you in submitting and preparing the mandatory documents in order to secure the license for your business.

The steps to get a real estate license in Dubai are:

• Choosing the name and structure of the company
• Applying for initial approval from DED
• Registering your trade name with DED
• Applying for final approval from DED
• Paying the fees and collecting your trade license
• Registering your company with RERA
• Applying for the license from RERA
• Paying and collecting your real estate license

Cost of Setting Up a Real Estate Business in Dubai

The cost of setting up or establishing the business of real estate in Dubai differs depending on numerous factors like the structure of the chosen company, its location, and what are the services that you are willing to offer. The cost also includes licensing fees, the cost to register a company in Dubai, office rent, employee visa fees, trade license fees, etc.

It is always advisable for new business ventures to take proper consultation with their business setup consultant Dubai in order to estimate the accurate expenses which will be completely based upon your business plan.

The Benefits of Starting a Real Estate Business in Dubai

In Dubai, there are numerous advantages for the businesses of real estate. The city has a very strong economy, the legal framework is robust, it has political stability as well and it also provides a secure environment for investors to invest in.

Corporate tax is relatively low and there is the absence of income tax which makes it financially attractive to investors and businessmen all over the world. Additionally, the city has a dynamic market of real estate, which ensures a stream of opportunities for businesses.

Dubai has a dynamic and diverse market of real estate that is catering to various preferences and segments, such as apartments that are affordable, commercial offices, luxury villas, hospitality projects, and industrial warehouses.

The city also has an environment that facilitates the operation and establishment of real estate businesses. It also has tech-friendly infrastructure that provides accessibility and connectivity to the market of real estate.

Conclusion

A Plethora of opportunities is being offered by the sector of real estate in Dubai for aspiring real estate professionals and entrepreneurs. Its strategic location, policies, and iconic developments make this sector a golden opportunity for investing in the properties, services of real estate, and development.

A real estate license obtained by the Dubai Land Department is a very important step, and it makes it crucial to consider the cost of setting up the business of real estate in this market. If you hire a consultant for a company set up Dubai like Water And Shark, you will save money and time and will also avoid any delays or mistakes in the process of setting up the business real estate in Dubai.

We will also help you with all the formalities with RERA and DED as well as assist you in paying the fees and collecting license of real estate and trade licenses.

FAQS

1: Is the market of real estate in Dubai open for foreign investors?

Yes, the market of real estate is open to investors, and various opportunities are offered by free zones to foreign investors like having complete ownership.

2: What are the qualifications that are required in order to obtain a license in real estate?

Qualifications differ based on the services you are planning to offer. In general, it involves having relevant experience and educational qualifications in the field of real estate.

3: Are there any particular regulations for the services of property management in Dubai?

Yes, services of property management are subject to various regulations, and all the companies have to be licensed by the Dubai Land Department.

4: Is there any tax implication for the business of real estate in Dubai?

The tax regime of Dubai is flexible, as there is no personal tax and corporate tax is very low.