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How to Start a Real Estate Business in Dubai

The real estate business in Dubai is an excellent choice. It is among the best investment options available globally due to its high and relatively stable value. The United Arab Emirates, whose commercial capital is Dubai, is one of the worldu2019s wealthiest and most developed economies, with a highly dynamic and forward-thinking business culture characterised by continuous development and progress. All of this makes it enticing for entrepreneurs, especially for the real estate sector.

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How to Start a Real Estate Business in Dubai

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  1. HOW TO START A REAL ESTATE BUSINESS IN DUBAI?

  2. HOW TO START A REAL E STATE BUSINESS IN DUBAI? The real estate business in Dubai is an excellent choice. It is among the best investment options available globally due to its high and relatively stable value. In total, 52,415 investors purchased 72,207 new homes in the emirate. Furthermore, 2021 recorded 84,772 real estate transactions worth AED 300 billion. Impressive, isn’t it? The United Arab Emirates, whose commercial capital is Dubai, is one of the world’s wealthiest and most developed economies, with a highly dynamic and forward-thinking business culture characterised by continuous development and progress. So if you are looking to start a real estate business in the city of Dubai, continue reading. This blog will teach you all you require to establish a real estate business in Dubai.

  3. BENEFITS OF THE REAL ESTATE BUSINESS IN DUBAI? For the reasons listed below, you can make money by starting a real estate business in Dubai: 1. STEADILY GROWING ECONOMY 2. CONTINUOUS IMPROVEMENT AND DEVELOPMENT 3. NO REAL ESTATE TAX 4. VISA FOR REAL ESTATE 5. GEOGRAPHICAL AREA

  4. Why Would You Want to Invest in Dubai Real Estate? Dubai’s real estate sector has one of the highest yields in the world, outperforming markets such as London and New York. According to the Dubai Land Department’s annual transaction report, the emirate saw a 65% increase in the number of real estate transactions and a 71% increase in value last year compared to 2020. (DLD). Moreover, transactions in the sector totalled AED 16.2 billion in September 2021, the highest monthly total in the previous eight years. These numbers offer an optimistic view of the future of real estate in Dubai. Combined with the benefits, they provide more than enough rationale to invest in the sector.

  5. Why Is Local UAE Ownership of a Real Estate Brokerage Company in Dubai Required? Property brokers in the UAE can fully own their businesses now that this economic activity has been removed from the “restricted list.” To run a real estate business, the local broker will take on additional financial and managerial responsibilities. Brokers also oversee agent education and training to improve and maintain professionalism and service standards. This gives them more authority and influence than a real estate agent in Dubai when resolving disputes and problems in a real estate transaction. However, The UAE recently changed its investor visa rules for real estate assets, allowing owners of Dh750,000 properties to obtain three-year visas. For the previous two years, the threshold was Dh1 million.

  6. What Require to Start a Real Estate Business in Dubai? Documents Do You Businesses in the UAE must adhere to the documentation standards established by government agencies. To begin a real estate business in the UAE, the following are some documents that must be submitted: 1. 2. 3. A copy of your passport Passport-size photographs A copy of your entry visa Shuraa UK Branch’s setup specialists can provide you with a detailed document list based on your real estate business.

  7. HOW TO START A REAL ESTATE BUSINESS IN DUBAI? The following procedure needs to be considered when you want a real estate business setup in Dubai, it includes: 1. 2. 3. Choosing a Business Structure Choose a Business Model Get your qualifications by clearing the RERA examinations Calculating the associated costs Obtaining a local sponsor Establish a personal office Outsource specific services 4. 5. 6. 7.

  8. What Is the Cost of Establishing a Real Estate Business in Dubai? A real estate brokerage license is required to launch a real estate firm in Dubai. AED 53,950 is an LLC’s estimated real estate license cost in Dubai. You must also pass the Real Estate Regulatory Agency’s registration exam (RERA) to obtain the license. Depending on your degree of education, the exam fee included in the price of opening a real estate brokerage in Dubai varies. Furthermore, the overall cost of starting a real estate company in Dubai varies depending on your location and planned business operations.

  9. SET UP YOUR REAL ESTATE BUSINESS WITH SHURAA Due to the fantastic market potential and expanding investments in the area, starting a real estate business in Dubai may be successful. With the proper guidance, you may begin working on your business strategy. You can establish your real estate business in the Dubai market with the help of the Shuraa UK Branch. Our knowledgeable advisors assist you at every stage with paperwork, banking, licensing, and so on, so you can focus on building the foundation of your firm. Over the last few years, we have helped several aspiring business owners in Dubai carve out a niche in the real estate industry. Contact our business consultants right away!

  10. LET'S CONNECT WITH US! +44 7538 205604 info.london@shuraa.com www.shuraa.co.uk Shuraa Fisher’s Lane, Chiswick, London W4 1RX Business Setup London Br. 9

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