Establishing a real estate company in Dubai represents an important strategic step for those wishing to invest in this vital sector. Itqan provides integrated services that facilitate the process of establishing real estate companies in Dubai, with a focus on compliance with local legislation and achieving maximum efficiency and effectiveness.

The process of establishing a real estate company in Dubai includes several basic steps, including determining the appropriate type of company, determining the appropriate geographical location, and obtaining the necessary approvals from the relevant government agencies. Itqan Company provides real estate company registration services in Dubai with high efficiency, focusing on meeting customers’ needs and achieving their goals effectively.

By choosing Itqan Company to help you establish a real estate company in Dubai, you can rest assured that you are working with a team of experts with extensive experience in this field, who can provide the support and advice necessary to ensure the success of your new business in the real estate sector in Dubai.

Establishing a real estate company in Dubai

Here are the main steps to establish a real estate company in Dubai:

1. Choosing the legal form of the company:

• A company can be established as a limited liability company (LLC) or a public joint stock company (PLC).
• The Limited Liability Company is the most common form of real estate company in Dubai.

2. Obtaining a commercial license:

• The company needs to obtain a business license from the Department of Economic Development in Dubai.
• The company’s main activity, such as real estate development or real estate asset management, must be identified.

3. Choosing and securing the office location:

• The company’s office location must be chosen in a suitable area with the necessary infrastructure available.
• The office will need a lease or shared office use agreement.

4. Appointment of key personnel:

• The company needs to hire a general manager and key staff with experience in the real estate sector.
• The necessary work permits must be obtained for these employees.

5. Obtaining regulatory approvals:

• The company may need to obtain additional approvals from regulatory bodies such as the Dubai Land Department.
• You must ensure compliance with the real estate regulations and laws in the emirate.

6. Opening a bank account and securing financing:

• The project will need working capital and financing to finance its operations and activities.
• A bank account is opened for the company to manage financial transactions.

Licenses required to establish a real estate company in Dubai

To establish a real estate company in Dubai, you may need to obtain several licenses and permits, including:

1. Business License: A business license for real estate brokerage must be obtained from the Department of Economic Development in Dubai.
2. Company Licensing: Establishing a company requires submitting the required documents and registering the company in the relevant companies registry in Dubai.
3. Real estate brokerage license: Individuals and real estate brokerage companies must obtain a license from the Dubai Real Estate Authority.
4. Real estate license: You may need a license for the property that you intend to use as a real estate company’s business headquarters.
5. Labor Office License: If the company intends to employ employees, it may need a license from the Department of Labor and Passports in Dubai.
   Please note that this list is not entirely comprehensive and the licenses required may vary depending on the type of activity and company details. It is best to check the exact requirements with local authorities or a local legal consultant before embarking on the company incorporation process.

Regulations that real estate companies must adhere to in Dubai

Real estate companies in Dubai are required to adhere to several regulations and regulations to ensure that they conduct business legally and professionally. Some of these regulations include:

• Dubai Real Estate Authority (RERA) Regulations: The Dubai Real Estate Authority regulates the real estate market and ensures adherence to standards of integrity, transparency and professionalism in the real estate brokerage industry.
• Real estate brokerage regulations: These regulations regulate real estate brokerage operations, including buying, selling, and leasing procedures, and require real estate agents to obtain approved licenses.
• Real Estate Advertising Regulations: These regulations govern real estate advertising and marketing, and require real estate companies to adhere to strict standards in advertising real estate.
• Consumer Protection Regulations: Aim to protect the rights of consumers in purchasing, selling and renting processes, and require real estate companies to provide correct and transparent information to customers.
• Tax Regulations: Real estate companies are required to comply with local and federal taxes applicable in the UAE.

Fees that must be paid to establish a real estate company in Dubai

Fees for establishing a real estate company in Dubai may change based on several factors, including the type of company, the scope of its business, and the services required. However, here is a general list of fees that may apply:

1. Company registration fees: These fees include the costs of registering the company and issuing legal documents related to it.
2. Business license fees: These fees depend on the type of real estate activity the company provides, such as real estate brokerage or property management.
3. Government licensing fees: These fees include the costs of obtaining government permits such as building permits and land use permits.
4. Legal Consultation Fees: You may need to pay fees to legal advisors to assist in preparing legal documents and to guide you through the process.
5. Financial advice fees: You may need financial advice to determine capital structure and business planning, and this may incur a consulting fee.
6. Advertising and marketing fees: You may need to pay advertising and marketing fees to attract customers and market the company’s services.

Local laws for establishing a real estate company in Dubai

Establishing a real estate company in Dubai requires compliance with many local laws and legislation. Here are some important laws to consider:

• Dubai Real Estate Authority (RERA) Regulations: The Dubai Real Estate Authority regulates the real estate market and sets requirements for real estate brokerage, marketing and licensing.
• UAE Companies Law: Specifies the laws for establishing, managing and operating companies in Dubai, including types of companies, requirements for their establishment and organizational structure.
• Local tax legislation: Local tax laws determine the tax requirements applicable to real estate profits and returns.
• Other UAE real estate regulations: including leasing, purchasing and selling regulations, and requirements for conducting real estate operations legally and transparently.
• Labor and Immigration Regulations: Labor and immigration regulations set requirements for hiring foreign workers and employees, and facilitate the processes of obtaining the necessary work permits.
• Real estate advertising regulations: Real estate advertising regulations specify the requirements for advertising and marketing real estate in a transparent and organized manner.

How to successfully establish a real estate company in Dubai

To successfully establish a real estate company in Dubai, the following steps can be followed:

• Market research and analysis: Study the Dubai real estate market in depth, analyzing demand, supply and trends to understand potential opportunities and challenges.
• Develop a solid business plan: Develop a comprehensive business plan that includes goals, strategy, marketing plan and financing to guide you through the process of getting your company up and running.
• Focus on innovation and quality: Create innovative real estate services and solutions that distinguish your company from your competitors, and focus on providing high-quality services to customers.
• Build Strong Relationships: Build strong relationships with clients, real estate developers, real estate agents and partners to strengthen your business network and achieve greater success.
• Compliance with Legislation and Regulations: Make sure to adhere to all local and national regulations and regulations related to the real estate industry to avoid legal problems.
• Invest in digital marketing: Build a strong online presence and use digital marketing strategies to reach a wider audience and increase business opportunities.
• Continuous learning and personal development: Be aware of the latest trends and technologies in the real estate industry, and continue to develop your skills and knowledge to stay on top of the industry.

By following the basic steps mentioned, a successful real estate company can be established in Dubai . Itqan Company has the experience and resources necessary to assist you in this process. Thanks to its extensive experience in the real estate sector in Dubai, Itqan Company will ensure that the process of establishing your company adheres to all legal and regulatory requirements. It will also help you choose the appropriate legal form for the company and provide the necessary support in obtaining the commercial license and necessary approvals.

In addition, Itqan will provide advice and guidance on choosing the appropriate location for the company’s office and securing the necessary contract. It will also help you recruit key employees and ensure they have the required licenses.

As part of helping you obtain the appropriate financing to establish your company, Itqan Company will provide its expertise in opening bank accounts and securing the necessary working capital. Thanks to the comprehensive support provided by Itqan Company, you will be able to establish a strong and successful real estate company in Dubai , and achieve your goals in this vital sector.

The most important frequently asked questions about establishing a real estate company in Dubai