Dubai’s real estate market is witnessing massive growth, with over 6,500 plus real estate transactions worth $4.98 billion in one month. This showcases the growth and the demand for the real estate market in Dubai and grabs the attention of investors towards the real estate market. To attract those investors, Dubai Government has announced the implementation of a 100% Business Ownership Rule. This initiative allows expatriates and investors to run their businesses without needing sponsors.
Thinking, how this reform is going to affect the market? The answer is that the Dubai government is making these reforms for the ease of investors, making the country retain its position as the leading business spot both locally and globally. Real estate businesses with 100% ownership give investors and business owners’ confidence to invest their time and money to grow their company.
Apart from this, the UAE government has also come up with the New Visa Rules 2022 that implement – Green Visa, Golden Visa, Temporary Work Permit, and so on. All these initiatives will benefit UAE and make it the most preferred destination for making investments.
Benefits of Setting up a Real Estate Business in Dubai
How to Setup a Real Estate Business in Dubai
With the recent announcement of 100% ownership in real estate, are you tempted to set up a real estate business in Dubai? Great decision –it’s the right time to open your real estate firm in Dubai. But the question is – How will you set up a real estate business in Dubai?
The first and foremost thing is to get a real estate broker license in Dubai. To get a license, fill out the application form for a real estate license and submit it to the Department of Economic Development. Get approval from DED and RERA via Trakheesi System.
If you have decided to set up a real estate business in Dubai, contact Smart Zones now! Our experienced consultants in Dubai assist you in all stages, from registering your business and applying for licenses to the final company setup.
We have helped several real estate companies set up their business, and we would love to assist you with your company formation in Dubai Mainland and Freezone. If you have any queries regarding business setup or real estate company formation in Dubai, UAE, please do contact us.