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Dubai Thriving Real Estate Sector: An Opportunity for Brazilian Investors
For Brazilian investors seeking global opportunities, Dubai’s real estate sector is a compelling proposition. A vibrant blend of eastern and western cultures, coupled with its strategic geographic location and a robust economy, make Dubai a destination of choice for international real estate investors. Add to this the forecast that Dubai is poised to welcome an estimated 18 million tourists in 2023, the investment potential in Dubai real estate market is set to soar, especially for Brazilian investors.
Dubai’s real estate market presents an array of investment opportunities, ranging from luxury residential properties and commercial spaces to retail outlets and hospitality venues. This market diversity caters to a broad spectrum of investor preferences, with numerous opportunities for lucrative returns.
One of the prime factors bolstering Dubai’s real estate market is its thriving tourism sector. According to recent reports, Dubai’s tourism industry is anticipated to welcome approximately 18 million tourists in 2023. This surge in tourist numbers is set to bolster the UAE’s sustainable real estate sector significantly, offering a robust incentive for Brazilian investors to explore investment opportunities in this market.
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How to Start a Real Estate Brokerage Firm in Dubai as a Brazilian
Before venturing into the UAE’s real estate sector, Brazilian investors should consider key steps for a successful setup. A licensed real estate brokerage firm in Dubai can operate as a Limited Liability Company (LLC) or a sole proprietorship. Understanding the market dynamics is crucial and requires thorough research to assess location suitability and financial feasibility.
Choosing the right business model, such as full ownership, partnership, or LLC, should align with your business objectives. Registering the business involves selecting a unique trade name and submitting the necessary documentation to the Department of Economic Development (DED). It’s important to evaluate establishment costs, as launching a real estate enterprise includes licensing procedures and potential setup expenses. While full ownership is generally granted in free zones, in mainland structures, it may still involve UAE national involvement for investor protection and local compliance.
How Can Choose UAE Help
Choose UAE is renowned for our expertise in setting up real estate brokerages in Dubai. Our team of specialists can help you navigate the entire process—offering services such as providing shareholder structuring, obtaining initial approvals, securing RERA approvals, finalizing legal agreements, and acquiring your trade license. We also assist with residence visas, corporate bank account setup, and workspace solutions to fully establish your business. Contact Choose UAE todayto get started.
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