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Real Estate License

About Real Estate License

The Dubai, United Arab Emirates is one of the fastest-growing cities in the world with largest real estate markets; Dubai offers astonishing property yields than popular cities around the globe, with a gross rental yield of between 6-10% and an average return of average 7.5%, and the prices in Dubai quite competitive versus other main international markets like London, New-York, Hong Kong etc. Not only that, Dubai boasts a booming economy, an unrivalled property portfolio and some of the best markets to invest for better returns. As a result, most of the investors want to be a part of this market by establishing their own real estate companies.

The price of buildings and land is predicted to go up as much as 10% to 15% in the United Arab Emirates during 2022. Real estate is viewed as a financially sound investment because of this prediction.
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A Real Estate License In Dubai Requirements

Business setup in Dubai is tied in with getting a license from the Real Estate Regulatory Authority (RERA). That should be submitted and approved before the license application is filed with the Department of Economic Development in Dubai emirate.

Submit pertinent documentation to the land department to complete the online registration process.

Write out a Notary Publics Memorandum of Association, Local Service Agent Agreement, and Civil Works Agreement. Shareholders must be present at the signature.

Submit the initial invitation, qualified approval, trade name reservation, tenancy contract, signed with Ejari, and the other documents listed in the submission to Ejari and obtain a payment voucher.

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