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Starting a real estate company in Dubai can turn out to be a lucrative venture for entrepreneurs. Dubai’s world-class infrastructure, stunning skylines, trading opportunities, and tourism have made it one of the world’s best locations for luring international investors. Dubai’s real estate industry is growing at an unmatched rate, as evident by some of its architectural genius such as the Burj Khalifa, which is also the biggest skyscraper in the world, and Princess Towel, a stunning Marina101.
The good news is that setting up and maintaining them are both inexpensive. Dubai is among the most well-liked locations to launch a goods company. Over 5,000 cargo companies have business setup in Dubai mainland. About 80%—are owned and operated by foreigners. This article guides you on starting your own cargo service business in Dubai.
Reasons to Invest in Dubai real estate Business
Compared to other globally-recognized sites, Dubai’s thriving real estate market provides some of the highest returns. The availability of e-government services helps streamline the entire process online making it easier than ever before to pay for services, apply for trade licenses and certifications, and even obtain visas.
Would you like to be a real estate broker in Dubai? When launching your real estate business, research about the kinds of businesses exist and locations of previous businesses.
Choose a place for the real estate business to start. You have additional alternatives for where to put your property because the UAE permits 100% foreign ownership on the mainland. Certain regions have bare minimum restrictions, which draw in more companies. You can also benefit from a 50-year corporate tax exemption, no personal income tax, no import taxes, no currency restrictions, and the avoidance of onerous regulations by operating a real estate company in a free zone.
Register your real estate company's trade name
Try using terms related to what you do, such as “broker” or “real estate,” in the name of your company. You will receive a commercial license from the UAE government to purchase and sell real estate. To obtain an initial approval, most of the registration process can be completed electronically. But your work is not over yet. To get final clearance, you will need to add a few more documents to your original submissions and resubmit them.
Become knowledgeable or certified to better prepare for the licensing process
You must complete a professional training program and obtain a certificate to obtain initial approval and permission from Dubai’s Real Estate Regulatory Authority (RERA). This is a precondition for procurement approval from the Dubai Real Estate Regulatory Agency. In addition, if you hold a college degree, you must complete the Real Estate Certified Practitioner course.
If you do not hold a bachelor’s degree, you must apply to the Real Estate Executive Diploma program. Visit the RERA website to find out more about this qualification.
Use back-office assistance
You must manage every duty you have as an entrepreneur like an expert. As a company, it is critical to monitor your spending and earnings. Doing so could also enable you to make more informed judgments. On the other hand, you can eventually be burdened by responsibilities like accounting for real estate, back office, and so forth. Thus, it makes sense to outsource accounting services rather than employing qualified personnel internally, which can be expensive.
Establish a real estate brokerage
Having your own office as a real estate firm owner will help you stand out in the market and win over customers by proving that you are running your business responsibly. Additionally, you can establish your credibility as a reliable business owner. Thanks to the UAE government’s appropriate licenses and RERA.
Which Licenses Are Needed?
Entrepreneurs must obtain a Real Estate Brokerage License from the Dubai Land Department (DLD) to begin a Real estate business in Dubai. It proves to be advantageous for diverse real estate-related activities, such as purchasing, selling, renting out, or managing properties in Dubai. With the assistance of professionals, A&A Associates Consultancy provides comprehensive support to its clients for setting up a real estate company in Dubai.
The following are some of the stages involved in getting a real estate brokerage license in Dubai:
- Obtain a valid resident visa and proceed with the necessary papers and company registration procedures.
- Register for one of the Dubai Real Estate Institute’s (DREI) accredited training programs. The course prepares you for every facet of the Dubai real estate industry.
- After passing the exam, apply for a realtor license and get approved by the DLD to obtain your RERA card.
Keeping up with DLD and RERA rules, our staff are a vital point of contact for enterprises. A legal license is a prerequisite to becoming a real estate agent who is reputable and trustworthy.
How Much Does It Cost to Start A Real Estate Business in Dubai?
What is the price? is a typical worry for anyone attempting to launch a Dubai real estate company. Several sources estimate the average cost to establish a real estate firm in Dubai is approximately AED 21,000. However, the price is based on different circumstances, such as the license application fees from the DLD and RERA, the cost of employing employees, and the cost of leasing an office.
The cost of a Business setup in Dubai may vary over time based on several variables. The number of business ventures you select and extra taxes and fees from the government may have a significant impact on the incorporation cost of your firm. You will find it simple to conduct in-depth research on Dubai’s real estate market with the help of a knowledgeable team. With expert help, you can plan your budget and stay clear of any costly surprises or procedural delays.
Advantages of Establishing a Dubai Real Estate Company
The tourism, banking, technology, and healthcare sectors contribute to the robust economy of Dubai, thus making it a perfect place to launch a profitable real estate venture. The government’s various incentives are the reason behind the real estate boom. Furthermore, the Golden Visa is now available to real estate investors. There are plenty of opportunities for profit in this industry along these paths.
- Dubai’s landscape boasts the most stunning and innovative buildings and skyscrapers you can showcase and do real estate business with your clients.
- Selling or renting properties in Dubai offers high profits and commissions from its lucrative real estate market.
- Your firm will have easy access to contemporary, efficient utilities for transportation, communication, and security thanks to the top-notch infrastructure.
- Due to Dubai’s advantageous tax system, real estate income is not subject to corporate taxes, which lowers your tax burden and boosts your earnings.
- Holding a real estate license will help you build a strong reputation and network of international agents and clients.
Why Choose A&A Associates Consultancy as your Real estate business Partner?
If you intend to start your real estate agency in Dubai, take the help of experienced business setup consultants. As professional business set up experts, A&A Associates Business Setup guides business owners through every stage of the process. They specialize in helping clients with every vital need, starting from securing licenses and approvals to offering office space and assisting with visas. To make the procedure easy and stress-free, businesspersons are encouraged to utilize specialist knowledge and their services. Do not pass up the opportunity to participate in Dubai’s booming real estate market.
