Dubai is a vibrant and quite powerful city. Dubai’s world-class infrastructure has already made it a major player in terms of trade and tourism and has attracted significant foreign investors around the world. If you are planning to start a real estate business as in Dubai you need to see the huge potential and opportunities.
And the hoping information is for entrepreneurs are that real estate is one of the thriving businesses in Dubai. When it comes to high-rise structures in the Gulf States, Dubai is a pioneer. The tallest building in the world, the Burj Khalifa, as well as the Marina 101, the Princess Tower, and a few others bear witness to the growing real estate business in Dubai.
According to the latest research release, increasing moderation in rents, changing supply, and demand for leadership positions in the labor market is expected to continue and affect the housing market in 2021. You might mind finding many foreign residents who have bought apartments in Dubai. So it is a great opportunity for entrepreneurs who want to start a real estate business in Dubai.
But what is the process of starting a real estate company in Dubai? To do this, I’ve done a little research to figure out the basic procedures that can help you start a real estate company in Dubai and save money.
Explore the location and type of business to start your real estate in business
First, find out the location of your real estate company, as UAE regulations require companies to own 51% of a citizen of the United Arab Emirates (UAE). Be 100% when exploring different areas as there are few locations in the country that are marked as free zones. Regulations are lower in such areas, which attracts more businesses. Additionally, a real estate business in free zones can help you with business tax. Exemption for 50 years, no income tax, no import duties, no monetary restrictions, and avoidance of over-regulation
Start real estate business in Dubai As a real estate company owner, having your own office will be your distinction in the marketplace and will help you gain the trust of your clients as they feel you are working ethically. RERA helps you to establish yourself as a reliable entrepreneur.
In the end, when you start a real estate business, you will probably know more about people, more about community issues, more about life, more about the implications of government, than you would in any other profession.