Real Estate Business / Company Registration Process in Dubai – UAE

Since a number of years, Dubai’s real estate sector has expanded at a rapid rate. In addition, in 2022, new regulations will permit more foreign investors to purchase real estate in the emirate. This indicates that inquiries about real estate in Dubai are increasing at an unprecedented rate, making now an excellent time to launch a real estate business.

Benefits of starting a real estate company in Dubai

Dubai’s real estate market is one of the most desirable in the world due to its sustained growth over many years. Among the primary advantages of launching a real estate firm in Dubai are:

• The Dubai real estate market continues to generate impressive returns for investors, with yearly yields of 5% or more being the norm.
• Dubai’s real estate market is broad and diverse, offering investment opportunities in residential, commercial, student housing, luxury property, hotels, and industrial units, among others.
• Transparent regulations: Dubai’s legal system is well-respected and transparent, so you can invest with confidence.
• The Dubai real estate market is very competitive and available to investment by anyone, including foreign investors.
• With its educated, competent, and professional population, you can be confident that houses for sale or rent will be in great demand.

How to get a Real Estate Business licence in Dubai

If you intend to become a real estate agent in Dubai, you must finish real estate professional certification training. Four days of training will provide you with a comprehensive overview of all you need to know to legally work as a real estate agent in Dubai. After finishing a training course, you must pass a test administered by Dubai’s (RERA). You will be able to apply for an agent’s licence upon completing the exam.

RERA licence cost

The price of an RERA licence depends on the applicant’s prior academic level. If you have a bachelor’s degree, the examination price is AED 3,200. It costs AED 6,300 for those without a bachelor’s degree.

In addition to exam expenses, you must additionally account for the cost of completing an RERA training course. These items normally cost between 2,500 and 3,500 AED.

Steps to start a real estate business in Dubai

Dubai’s Department of Economic Development (DED) outlines various requirements for launching a real estate company in Dubai. When you work with Black Swan, we will guide you through the six steps outlined below.

Select a trading name

When selecting a company name, it should reflect your primary business operations. For example, AJ Shah Real Estate LLC is an appropriate name.

Additionally, the UAE has severe regulations regarding the language and phrases used in corporate names. You may not use any rude, insulting, or profane language.

Decide on a jurisdiction

In Dubai, there are three economic jurisdictions where real estate companies can establish a presence: the mainland, the free zone, and the offshore. Each of these has its own distinct business regulations, advantages, and disadvantages. When choosing your jurisdiction, you must evaluate the type of your business, the accessibility of your target market, and the location of your office. At Black Swan, we can advise you on the jurisdiction that best fits your circumstances.

Legal structure

You must also determine the legal structure of your firm, as different structures are more or less suitable for various sorts of enterprises. The following are some of the most frequent types of legal structures for real estate companies in Dubai:

• Sole establishment
• Limited liability company (LLC)
• Free zone company
• Foreign company branch

Submit your documentation

Depending on the form and location of your firm, you must submit a variety of paperwork when applying to start a real estate business in Dubai. At Black Swan, we can advise you on the precise documents you want and verify their accuracy:

• The DED registration application form
• A copy of your passport
• A copy of your Emirates ID
• A certified copy of your office lease
• The RERA licence

Approval process for special activities

If your real estate company needs to engage in specialised operations (such as real estate construction), you may need permission from other relevant authorities. Black Swan can provide particular guidance.

Process your UAE visa

If you (or your employees) are not Dubai citizens, you may need to apply for visas for your staff and family members at the same times as your visa application. The process is as follows:

• Getting an entry permit
• Changing your status
• Taking a medical exam
• Getting your Emirates ID

Cost of starting a real estate company in Dubai

The price of launching a real estate business in Dubai is between AED 10,000 and AED 30,000. (in addition to your RERA licence). Fees will vary based on a number of variables, such as your location, office startup costs, and whether you choose to operate from a Dubai free zone, a mainland firm, or an offshore company. In general, beginning costs are lower if your business is located in a Dubai free zone.

Working with Black Swan

Black Swan Business Setup can help you in Setting up of real estate business in Dubai At an affordable cost

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