November 21, 2023

Starting a real estate business in Dubai can be a lucrative venture for those who are willing to take the plunge. With its booming economy and strategic location, Dubai is a prime location for real estate investment. However, setting up a business in Dubai can be a challenging task for newcomers. In this article, we will provide a step-by-step guide on how to start a real estate business setup in Dubai.

Step 1: Conduct Market Research

Before setting up a real estate business in Dubai, it is essential to conduct market research to understand the demand for real estate services in the area. This includes studying the current market trends, the competition, and the regulatory environment for real estate businesses in Dubai.

Step 2: Choose a Business Entity

The next step is to choose the right business entity for your real estate business. This includes deciding whether to set up a mainland company or a freezone company. A mainland company allows you to conduct business across the UAE, while a freezone company offers tax benefits and 100% ownership to foreign investors.

Step 3: Secure a Business License

Once you have decided on the business entity, the next step is to secure a business license. This involves submitting the required documents and fees to the relevant authorities, such as the Department of Economic Development (DED) or the Dubai Multi Commodities Centre (DMCC). Also you will need an external approval from RERA, which will have an yearly cost.

Step 4: Find a Suitable Office Space For Your Real Estate Business Setup in Dubai

To set up a real estate business in Dubai, you will need to have a physical office space. Dubai offers a wide range of office spaces for rent or purchase. The Real estate business cannot be conducted through Virtual office as of now in Dubai.

Step 5: Deciding If You Need To Hire a Local Agent or Not

To operate a mainland company in Dubai, earlier, one needed to must have a local sponsor or a local service agent. This sponsor acted as a liaison between your company and the local authorities, and held 51% of the company shares, but now you can decide if you want to hire a local service agent or not, it basically effects the Government fee if the local service agent is hired by the company.

Step 6: Build a Strong Online Presence

In today’s digital age, having a strong online presence is crucial for any business. This includes creating a professional website for your real estate business, as well as using social media platforms to reach out to potential clients.

 

In conclusion, starting a real estate business setup in Dubai requires careful planning and execution. By conducting market research, choosing the right business entity, securing a business license, finding a suitable office space, hiring a local agent, and building a strong online presence, you can set up a successful real estate business in Dubai. This seems a long process and SNI Zone provides you complete assistance for your new setup, Contact us to get your quote right away.