Real Estate License in Dubai
The real estate market in Dubai has been expanding quickly for many years. Additionally, new rules are expected to be implemented in 2022, enabling more foreign investors to buy real estate in the emirate. This indicates that queries about real estate in Dubai are increasing more quickly than ever, making this an excellent moment to launch a real estate company.
Advantages of opening a real estate company in Dubai
Dubai’s real estate market is one of the most desirable in the world and has had constant growth for many years. Starting a real estate company in Dubai has a number of advantages, including:
Impressive profits: With yields of 5% yearly or more being usual, the Dubai real estate market continues to provide investors with sizable returns.
Market diversity: There are a wide range of buildings to invest in on Dubai’s property market, including residential, commercial, student housing, luxury homes, hotels, and industrial units.
Transparent regulations: You can feel confidence in your investments in Dubai because of its respected and open legal system.
The real estate market in Dubai is extremely competitive and available to all investors, including foreigners.
With its educated, competent, and professional population, you can be sure that rental or sale properties will be in great demand. High potential capital gains and rental return.
How to get the license?
You must undergo licensed training for real estate professionals if you want to work as a real estate agent in Dubai. The training will provide you with a thorough overview of all you need to know to work legally as a real estate broker in Dubai. You must pass an exam given by the Real Estate Regulatory Agency (RERA) in Dubai after finishing a training program. You’ll be able to submit an application for an agent’s license if you pass the exam.
Ready to Start Your Business in Dubai?
How to get a real estate license in Dubai?
When beginning a real estate firm in Dubai, there are many requirements that must be met, according to the Department for Economic Development (DED) of Dubai. These are the 6 steps you need to do for starting the real estate business.
Choose a trading name.
Your company name should reflect your primary lines of business. select an appropriate name.
The UAE also has stringent regulations regarding the words and phrases used in company names. You are not allowed to use any blasphemous terminology or abusive or disparaging language.
Decide on a jurisdiction
In Dubai, for taking real estate license have a choice of three economic jurisdictions: the mainland, the free zone, and the offshore. Each of these has unique business requirements, benefits, and disadvantages. You must take into account your business’s nature, market accessibility, and office location while choosing your jurisdiction.
Additionally, you will need to decide on your company’s legal structure. Various forms are more or less suitable for various business types. In Dubai, the following forms of legal structures are among the most prevalent:
- Limited liability business (LLC)
- Free zone company
- Sole proprietorship
- Foreign branch
Submit your paperwork
Depending on your structure and location, you may need to submit a number of documents when applying to open a real estate firm in Dubai.
For getting real estate license in Dubai needs,
- The DED’s registration application form •
- Passport copy • Emirates ID copy
- Your office space’s certified tenancy agreement.
- RERA license
- The procedure for approving special activities
Make contact with Eagle Wings right away to start succeeding in Dubai’s competitive real estate market.
Free zone prices are subject to change without prior notice. For an updated price based on the latest deals and inventory, please contact Eagle Wings.