How to Start a Real Estate Business in the UAE

Acquiring the appropriate license is a critical step when diving into the UAE’s real estate sector. Typically, businesses need a ‘Real Estate License’ to operate. Securing this license requires entrepreneurs to submit several documents, including passport copies, a detailed business plan, and the relevant application forms. Moreover, selecting an apt trade name for the real estate agency is an integral part of this process. Once you’ve gained preliminary approval, a specific fee needs to be paid to finalize the licensing. It’s pivotal to note that this license specifically outlines the activities your company can engage in, be it property management, brokerage, or real estate development. In terms of ownership structure, while foreign entrepreneurs in UAE’s free zones enjoy the luxury of 100% ownership, those opting for the mainland must align with a local sponsor or partner. Intriguingly, this local partner holds a 0% stake in the business, ensuring foreign investors retain complete operational control.