The Real Estate Sector of Dubai Economy
Begin operating a company in Dubai right away and become a part of the city’s thriving real estate industry.
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Did you know that the United Arab Emirates is home to more than 200 different nationalities and is one of the most popular tourist destinations on the planet? All of those people require places to stay, areas where they can be entertained, and retail establishments in which they can shop. There is no better place to start a career in real estate than in the incredibly populated and frequently visited city of Dubai if this is something that you have been considering doing.
In the United Arab Emirates (UAE), the real estate industry is comprised of a large number of important stakeholders, including tenants, landlords, construction crews, real estate agents, and developers. As you can see, there is a wide variety of participation levels available within this market sector of business. Give ReCorporate the opportunity to guide you through the entirety of the process so that you can launch your company without encountering any obstacles.
Which Real Estate Markets Are the Most Important in the United Arab Emirates?
The United Arab Emirates (UAE) has earned a reputation for being extremely business-friendly and adapting to changes in order to better serve each industry. The same can be said about Dubai’s real estate market as a whole. The United Arab Emirates (UAE) has seen a significant increase in the demand for real estate over the course of the past few years and has taken measures to diversify the industry.
The following is a list of the areas that are open to investors:
Market for Office Space
The Market for Industrial Goods and Logistical Services
Retail Market
Hospitality Market
Residential Market
Risks and Risk Management
What are the Steps Needed to Get Started in the Real Estate Business in Dubai?
The following are the steps that must be taken in order to establish a successful real estate business in Dubai:
- Find a place to stay.
- Your company has the option of operating either in the Mainland or in an Offshore FreeZone.
- Choose a format for your company.
- Single-Owner Business or Franchise
- Partnership-in-Commonwealth General Partnership Partnership-in-Commonwealth
- Joint Venture
- Participation of the Public
- Limited Liability Company with Private Shareholding Business Organization Business Organization
- Make sure that the Department of Economic Development is aware of the finalized trade name.
- The word “Real Estate” or “Broker” needs to be a part of the title of the business.
In Dubai, how much does it cost to get started in the real estate brokerage business?
Beginning a new venture in the real estate industry in Dubai will involve consideration of a variety of different aspects. For instance, the type of commercial activity you will be engaging in, the size of your company, and the geographic region in which you decide to launch your enterprise will all have a significant impact on the costs involved. A good starting point for an estimate of the cost to establish a real estate company in Dubai is approximately 21,000 AED. All of this is subject to change depending on the taxes that are levied and the activities of your company.
If you intend to launch a real estate brokerage, all of the real estate brokers and agents working under your umbrella will need to be licensed through the Real Estate Brokers Registration (RERA). Another fee that you should anticipate having to pay is this one. Your prior educational experience will determine how much you will need to pay for the exam.
Bachelor’s degree holders – AED 3,200
Non-degree Bachelor’s holders – AED 6,300
AED 15,750 if you have no educational qualifications.
After you have finished your RERA training, you are eligible to apply for a license to practice real estate brokerage.
Mainland Company Setup
Dubai Mainland
AED 18,500*
Dubai's All-Inclusive Company Formation Package is a comprehensive and tailored solution designed to streamline the process of establishing a business in this thriving metropolis. Whether you're a startup entrepreneur or a seasoned business owner, this package offers a one-stop-shop approach to get your company up and running efficiently and effectively.
Freezone Company Setup
Dubai Freezone
AED 21,900*
Dubai, with its strategic location, bustling economy, and world-class infrastructure, has long been a magnet for entrepreneurs and businesses looking to establish a presence in the Middle East. To facilitate this journey, ReCorporate offers an All-Inclusive Dubai Free Zone Package, meticulously designed to provide you with a hassle-free and cost-effective solution for setting up your business in one of Dubai's renowned free zones.
Offshore Company Setup
Offshore Compamy
AED 19,900*
Company registration in Abu Dhabi is easy with ReCorporate Business Setup. The cost of starting a company in Abu Dhabi is reasonable than most Emirates across the UAE. For AED 19,999* you can have a full-fledged license and all the essential documentation to setup your company.
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