How to set up a real estate company in Dubai
Are you ready to dive into the world of real estate entrepreneurship? Launching your real estate firm can be a thrilling and rewarding venture. However, setting up a successful business in the competitive real estate market requires careful planning and execution.
In this step-by-step business setup plan, we will guide you through starting your real estate firm. From establishing your brand to building a team and finding clients to securing funding, we will cover all the essential aspects of launching your real estate business. Each step will be outlined in detail, providing you with valuable insights and practical tips to ensure a smooth and successful startup journey. Whether you are an experienced real estate professional looking to branch out on your own or someone with a passion for property and a desire for financial independence, this guide is for you. Get ready to turn your dreams into reality and embark on an exciting new chapter in your career. Let’s get started on building your real estate empire.
To set up a real estate company in Dubai, here are the following guidelines for reference:
Setting up a real estate company in Dubai can be thrilling, but navigating the process requires careful planning and attention to detail. Here’s a step-by-step guide to help you get started:
1. Select your Trade name, Business Activity, and Company Structure
Company Structure
- Sole proprietorship: owned and managed by one person. No separate legal entity exists. The owner has unlimited personal liability for all business debts and obligations.
- LLC: can be owned by one or more individuals or companies. Shares can be distributed among owners. There must be a designated manager, who can be an owner or an external person.
- Branch Office: The parent company owns and manages the branch office, and the branch manager acts as its representative.
Activities:
- Buying and selling of real estate
- Real Estate Consultancies
- Real Estate Survey Services
- Real Estate Finance
- Real Estate Services Center
- Real Estate Registration Agent
- Real Estate Representative Office
- Real Estate Valuation Services
- Real Estate Development
- Real Estate Training Institute
- Real Estate Exhibition Organizing
- Real Estate Management
- Supervision Services
- Real Estate Buying & Selling Brokerage
- Real Estate Services Trustee
- Real Estate Promotion Trustee
IMPORTANT NOTE: RERA is charging AED 5,020 per activity. And the license fee will not be lower than AED 14,000
2. Registration of the Application form
This involves an initial license application, trade name registration, and business activity application. Here are the following requirements to submit:
Requirements:
- Colored Passport Copies of all the shareholders
- Colored Visa Copies of all the shareholder (if there’s any)
- Colored EID Copies of all shareholders (if there are any)
3. Obtain external approval as needed
To obtain a real estate license in Dubai, we must obtain approval from the following government entities:
- Dubai Land Department (DLD) License, which is responsible for registering and issuing titles to all land and commercial properties in Dubai.
- Real Estate Regulatory Agency (RERA): You will need to register with the RERA to be able to legally operate as a real Broker (after issuance of the license)
Additionally, applicants must meet the following requirements:
- Get an ORN Certificate- (Office Registration Number)
- Obtain a RERA broker’s card; pass the RERA-accredited Real Estate Brokerage Exam.
4. MOA Signing
This includes the company name, registered office address, business objectives, authorized share capital, and liability clauses for shareholders
5. Provide Ejari
Ejari plays a crucial role in creating a fair and transparent rental market in Dubai. It protects both tenants and landlords by ensuring legally binding agreements and establishing clear communication channels.
6. License Issuance
7. Immigration/Establishment Card
We are here to help:
Whether you’re an individual or a company, our team of experts is ready to help you find the perfect solution to meet your unique needs.
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Why should you hire an expert like us to set up a real estate company?
Dubai’s real estate license journey can be exciting but intricate. Deciphering regulations and securing approvals is daunting. Our expert team, with deep market knowledge and a proven track record, empowers you to navigate the process seamlessly. Let us handle the complexities while you focus on your licensing aspirations and future career.
Researching the market and identifying opportunities
Before launching your building and contracting business in Dubai, it is essential to research the market and identify opportunities that align with your expertise and goals. Determine the specific areas of construction that are in high demand, such as residential, commercial, or infrastructure projects. Consider niche markets or specialized services that can give your business a competitive edge.
Networking and attending industry events can also provide valuable insights into the market landscape and help you establish connections with potential clients and partners. Engage with local construction associations and join relevant online communities to stay updated on industry news and opportunities.
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