How can you get a real estate business license in Dubai?
Dubai and the United Arab Emirates, in general, are famous for many things, but perhaps nothing more remarkable than real estate, which probably explains why so many people want to start a real estate company in Dubai when this is an area of interest is for you, this article describes everything you need to know if you are starting a real estate business here. And since everyone is talking about the price, we also cover the important real estate license. Cost in Dubai.
It is true that the market has been slowing down recently, but Dubai is the best place to recover and attracts people from all over the world when it comes to real estate investments.
Choosing to work with a business start-up specialist will put your business on the right track and make sure all of the paperwork for your new real estate project in Dubai is ready.
Below some suggested steps to start your real estate business in Dubai
- Get your real estate license: How much does it cost to receive a real estate license in Dubai? Because this is such a critical decision, a business formation expert can advise you on the best option.
- Decide on your business activity: It is important that the activity you choose corresponds exactly to the type of business you will be doing. Sure that everything is clear and correct here, it is worth using the services of a company formation specialist.
- Give name to your business setup – The UAE is quite strict on naming companies so it is important to be aware of the regulations. Basically, you should avoid any language that can be considered offensive or obscene. You should avoid any name that is already in the hands of a well-known organization. When using your name to describe your company, be careful not to abbreviate your name. You also need to make sure that the company name you have chosen is still available for registration.
Obtain Your Real Estate License the next step in start real estate business in Dubai is to apply for a license. The license you need will likely depend on whether you are administering, managing, or developing.
Please note that you also need special accreditation in order to legally operate in real estate in Dubai. The certified training for real estate agents, which is responsible for the real estate supervisory authority (RERA).
How Much Does It Cost to Obtain a Real Estate License in Dubai The cost of opening a real estate agency in Dubai depends on a number of factors including your specific business activities, company size, and location. However, for the most part, the cost of a real estate license in Dubai is usually not too high.
If you settle in a free zone, you can spend in the range of AED 15,000 – AED 25,000 on your real estate license. As mentioned above, you will need to complete the real estate agent course which comes with a fee of AED 2,500.