Dubai has established itself and became a vibrant city that is marked as the first destination for real estate investors. Recently it became the best choice for property-investment. Different nationalities from all over the world have chosen Dubai for their capital appreciation increase due to different factors. This includes safety, the lifestyle, taxation benefits…and much more.

Why to open a real estate brokerage company in Dubai?.

Ever-Growing Market: Dubai‘s real estate and property investment market continue to attrach local and internation investors by offering a stable and growing market for real estate investors and businesses.

Transparent and Stable Regulations: DLD ( Dubai Land Department) and RERA controls this market with transparency and professional legal framework, granting high confidentiality standards for investors and entrepreneurs.

Taxation Benefits/ Exemptions: Dubai is a tax-friendly environment offering 0% on income Tax.

Strategic Location: Dubai is the heart of the world’s logistics and the gateway of international businesses.

Steps to start a real estate brokerage firm in Dubai:

• Opt the right business activity: Carefully choose the best activity that matches your business needs: wether: Real Estate Buying & Selling Brokerage, Real Estate Consultancy, Property leasing brokerage, Real Estate Managemet, or Real Estate Development.

• Juridication and Legal Struture: The jurisdiction or the right licensing authority has great impact on the business operations. As these business activities are available in Dubai/ UAE freezones as well as in Dubai Mainland, you have to consider all the factors and choose the right licensing authority. Besides, the legal structure that might be SO.CO, LLC, Free Zone entity…etc.

• Initial Approval & Trade Name Reservation: Start with the initial approval & Trade name reservation. This step is the bone of the whole process. It without it you cannot proceed further and issue a real estate brokerage license.

• Office Space: Prepare your office lease agreement wether physical or virtual office.

• DLD (RERA) Approvals: RERA approval is required to issue the license and operate legaly.

• Trade License & Investor Visa: Once all the process is approved you may proceed with the license issuance and investor visa application.

• Open Business Bank Account: The business bank account is a very important step that should be take care of as it requires documentation and follow  up.
• Final Step: Register with the real estate developers in Dubai as an authorized or channel partner and enjoy the sweet commissions that range beween 4% to 5% per deal.

To conclude, starting a real estate firm or opening a real estate brokerage in Dubai offers tremendous profitability as it is marked as the best and safest city for property investments and all kinds of businesses. Following the steps, choosing the business activity, initial approval, trade name reservation, RERA approval, license issuance you can own and establish a real estate company in one of the vibrant cities in the world that is Dubai.

If you are planning to start a re al estate business in Dubai, contact us: Assertive Zone. The leading business setup consultancy that facilitates the process and guide you with all the compliance requirements.