Establishing a Real Estate Company in Dubai

What are the steps to establish a real estate company in Dubai? Dubai is one of the most prominent global destinations for real estate investment, thanks to its advanced infrastructure, stable investment environment, and legislation that supports the growth of the real estate market. Establishing a real estate company in Dubai provides investors with huge opportunities to achieve large profits, whether through selling, leasing, or managing properties. Thanks to the increasing demand for residential and commercial properties in the emirate, along with ongoing development projects, Dubai has become a center of attraction for local and international investors. Establishing a real estate company in Dubai requires adherence to legal procedures and obtaining the necessary licenses, in addition to building an effective business strategy that is compatible with the nature of the market.

Itqan Company’s services in establishing real estate companies in Dubai

Setting up a company in Dubai is a strategic move for investors looking to tap into a thriving real estate market. With the increasing demand for residential and commercial properties, Dubai offers tremendous investment opportunities. Itqan is an ideal partner to help you establish your real estate company, offering a comprehensive range of consulting services and legal support. Itqan has extensive experience in the real estate market, which enables it to provide accurate insights into current trends and legal requirements. The process begins with identifying the appropriate type of real estate activity, whether it is developing new projects or managing existing properties. Itqan also helps you choose a trade name and submit the required documents, in addition to facilitating the registration and licensing procedures. Thanks to its strong network of relationships with government agencies and banks, Itqan can expedite procedures and provide suitable financing options. It also provides ongoing support in the areas of marketing and management, ensuring the success of your company in a competitive environment. By partnering with Itqan, you can confidently embark on the world of real estate in Dubai and achieve your investment goals efficiently and effectively.

Itqan is also a reliable source of information on Dubai’s real estate laws and regulations, helping you adapt to any changes that may affect your business. By providing expert legal advice, Itqan ensures that your company is in line with all local requirements, minimizing potential risks. Furthermore, the company offers innovative marketing strategies to enhance your market presence and attract potential clients. With modern technologies and accurate market data, Itqan can help you identify the most profitable investment opportunities. With Itqan’s support, you can build a strong reputation in the real estate sector, which enhances the opportunities for future collaborations and partnerships. Setting up a real estate company in Dubai is not just a business venture, it is an investment in Dubai that has a promising future. With the expertise and support provided by Itqan, you will be on the right path to sustainable and prosperous success in this dynamic market.

Requirements for setting up a real estate company in Dubai

Establishing a company in Dubai requires fulfilling a set of legal and procedural requirements that ensure compliance with local regulations. The most important requirements are as follows:

Choosing the legal form of the company: The company can be established as a sole proprietorship, a limited liability company (LLC), or a branch of a foreign company. The choice of legal form depends on the size of the investment and the number of partners.
Obtaining a commercial license: A real estate license from the Dubai Land Department is required, in addition to a commercial license from the Department of Economic Development (DED). The types of licenses vary depending on the type of real estate activities to be carried out, such as real estate brokerage or property management.
Registering the company with the Department of Lands and Properties: Real estate companies must register with the Department of Lands and Properties (DLD) to ensure that they are approved as a legal practice for this activity.
Opening a bank account: After registering the company, it is necessary to open a bank account for the company to manage financial transactions legally.
Required Documents: Documents include a copy of the passport, a no-objection certificate (if the partner or manager is an employee), the company’s articles of association, and the lease contract for the company’s headquarters.
Insurance and Performance Guarantee: Real estate companies in Dubai must provide a financial guarantee to cover their legal obligations, and may also require insurance to cover professional risks.
Ejari Registration: If the company is going to specialize in property management and leasing, it must be registered with the approved Ejari system for managing lease contracts. These requirements lay the legal foundation for establishing a successful real estate company that adheres to Dubai’s strict standards in the real estate sector.

Cost Factors of Setting Up a Real Estate Company in Dubai

The cost of setting up a real estate company in Dubai depends on several factors that affect the final budget. The following are the most important factors that affect the cost of establishing a company:

Type of Business License: The cost of a real estate license varies depending on the type of activities the company will be engaged in, such as real estate brokerage or property management. The Department of Economic Development and the Department of Land and Property are the two entities responsible for issuing real estate licenses.
Company Location: Choosing a company location greatly affects the cost, whether it is in a main business district or in a free zone. Areas such as Dubai Marina, Business Bay, and Downtown Dubai may be more expensive compared to free zones such as Dubai South.
Office Rent: The cost of renting an office space is one of the largest expenses. Rental prices vary depending on location and office size. Some areas may impose additional costs such as service charges and maintenance.
Registration and Licensing Fees: These fees include registration fees with the Land and Property Department and opening a tax file with the Tax Authority. Fees vary depending on the type of company and the size of the business.
Insurance and Guarantees: The company may need to take out financial insurance or provide a financial guarantee (deposit) to ensure its compliance with local real estate regulations, especially for companies that provide brokerage or property management services.
Professional Services Costs: It may be necessary to hire legal advisors or accounting firms to assist in preparing contracts and complying with legal requirements. These costs vary based on the expertise and quality of the services required.
Marketing and Advertising: Developing a brand and marketing for your real estate company is an essential part of success, so a budget should be allocated for digital marketing and advertising.
Labor and Recruitment: Includes costs associated with hiring employees such as salaries, visas, and accommodation costs. Real estate companies typically need to hire real estate agents, managers, and support staff.
All of these factors contribute to determining the total cost of setting up a real estate company in Dubai, and must be carefully studied to ensure that a comprehensive budget is prepared that matches the needs of the business.

Conditions for establishing a real estate company in Dubai

To establish a real estate company in Dubai, a set of conditions imposed by the relevant authorities must be met to ensure compliance with local laws and real estate market regulation. Here are the most important conditions:

Obtaining a real estate license: A real estate license must be obtained from the Dubai Land Department (DLD) and the Department of Economic Development (DED). Specifying the real estate activity (such as real estate brokerage or property management) is required to obtain the appropriate license.
RERA Registration: The company must register with the Real Estate Regulatory Agency (RERA), the regulatory body responsible for regulating the real estate sector in Dubai. The company needs to pass certain requirements and conditions to register with the agency.
Choosing a legal form: The legal form of the company must be determined, such as a limited liability company (LLC) or a branch of a foreign company. This choice depends on the number of partners and investors and the ownership structure.
Physical Headquarters: The real estate company must have a physical headquarters in Dubai, and a lease or ownership contract for the office must be submitted as part of the registration requirements.
Insurance and performance guarantees: A financial guarantee (deposit) or financial insurance may be required to cover the company’s financial obligations. This is important for companies that provide brokerage or property management services.
Obtaining a Real Estate Broker Certificate: If one of the activities includes real estate brokerage, real estate managers or agents must obtain a certified certificate as real estate brokers from RERA. This requires undergoing training courses and passing tests.
Registration in the Ejari system: If the company plans to manage and rent properties, it must register in the Ejari system to manage rental contracts legally and officially.
Compliance with local regulations: The company must comply with all regulations and systems related to advertising, contracts, and dealings with clients, as determined by the Department of Land and Property and RERA.

These conditions lay the legal and regulatory foundation for establishing a successful real estate company in Dubai, and contribute to regulating the real estate market and ensuring transparency.

Advantages of establishing a real estate company in Dubai

Setting up a real estate company in Dubai comes with a range of attractive features, including:

Dubai is considered one of the fastest growing real estate markets, offering great investment opportunities.
Dubai offers a wide range of real estate projects, including residential, commercial and tourism.
Companies in free zones often enjoy tax exemptions, which increases profitability.
Foreigners are allowed to own 100% of companies in some areas, which facilitates investment processes.
Dubai provides a clear and comprehensive legal framework that regulates real estate activities, which enhances confidence in the market.
Various financing options are available to investors, including mortgage loans from local banks.
Dubai is an attractive destination for investors from all over the world, which boosts the demand for real estate.
Dubai offers a modern infrastructure including transportation, services, and public facilities, which increases the attractiveness of real estate.
Real estate companies can easily expand into new areas such as property management, urban development, and marketing.
The government provides support to investors in the real estate sector, including programs to facilitate procedures and licenses.
These features help attract investors and businessmen to the real estate sector in Dubai, contributing to the strengthening of the local economy.

In conclusion, setting up a real estate company in Dubai is a strategic step towards achieving sustainable success in a growing and prosperous market. Dubai offers an ideal environment for investors with its advanced infrastructure, increasing demand for real estate, and full foreign ownership capabilities. By using specialized companies such as “Itqan”, investors can facilitate the incorporation process, obtain legal guidance, and obtain the necessary marketing support. Commitment to good planning and understanding the market requirements can lead to impressive results. With innovation and adapting to modern trends, your company can stand out in this competitive field. If you are thinking of entering the world of real estate, Dubai offers you endless opportunities to achieve your investment ambitions, making it the ideal choice for ambitious investors.