Overview of Real Estate Licensing in Dubai
Dubai's real estate sector is a thriving market, recognised globally for its high yields and dynamic growth. To operate within this market, obtaining a real estate licence is essential. The Dubai Land Department (DLD) oversees the real estate sector, ensuring all transactions are legal and transparent. For those looking to establish a real estate business, the Real Estate Regulatory Authority (RERA), a division of DLD, issues the necessary licences. These licences enable companies to conduct property management, real estate brokerage and development activities.
A real estate licence is mandatory for any individual or company involved in real estate activities in Dubai. The process involves specific steps, including passing a RERA exam, securing a residency and fulfilling various legal requirements.
Step-by-Step Guide to Setting Up a Real Estate Business
- Choose Your Business Structure: Decide between setting up on the Dubai mainland or in a free zone, affecting ownership, tax benefits and flexibility.
- Secure a Residency Visa: Non-UAE citizens need a residency visa to proceed with the business setup.
- Register Your Trade Name: Select and register a trade name that complies with UAE regulations and reflects your business.
- Apply for Initial Approval: Submit necessary documents to the Department of Economic Development (DED).
- Obtain RERA Certification: Complete the required training and pass the RERA exam to conduct real estate transactions legally.
- Apply for a Real Estate Licence: Use your RERA certification to apply for a licence through DLD, submitting a No Objection Certificate (NOC) if in a free zone.
- Open an Escrow Account (For Developers): Developers must open an escrow account to manage project funds in line with RERA rules.
- Set Up Your Office: Lease a compliant commercial space to finalise your licence.
- Finalise Documentation and Payment: Complete the paperwork, obtain a Certificate of Good Conduct and pay the licence fees.
- Begin Operations: Once licensed, you can officially start your real estate business, including management, brokerage or development.
Property Management Licensing and Compliance
We offer specialised services to ensure that your property management business complies with all legal requirements in Dubai. We guide clients through obtaining licences from the Dubai Land Department (DLD) and RERA. This includes helping with the preparation and submission of documents, ensuring compliance with Ejari regulations and managing the renewal of licences. We are committed to ensuring your business operates legally and efficiently, avoiding potential regulatory issues.
Get in Touch
For more information or assistance with obtaining your real estate licence in Dubai, please get in touch with us today.
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