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Is it Really Difficult to Register a Real Estate Company in Dubai?

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The answer is yes, since I have done one last month only, but if you really know how the registration is going to be, then can be more patient with your business consultant who is helping you to register a real estate.

Starting from rules you should be aware that real estate companies can be owned by locals only, and each local can sponsor one real estate and no more, it shows that you need to know a UAE national who is qualified and doesn’t have any other real estate license under her/his name.

At this stage you can choose the name and get initial approval receipt from Economy Department which will introduce you to land Department to get approval with passing RERA courses by UAE national owner, if your local owner is not qualified then there is extra expenses to be paid to Land Department for RERA course, then only you can go back to economy department and get initial approval certificate, if the company is a sole establishment, final submission needs only your rental contract and Ejari certificate, otherwise if you have registered the company as LLC (which is a better option), you have to go along local partners to notary public, prepare and sign memorandum of association and you can mention your own name as manager of the company to operate company and its financial resources.

Final submission means you have to check economy department website and when your company payment voucher comes online pay and get the trade license.

Obviously you need to have a business consultant with you to help you to sign proper side contract with local(s) and continue the procedure of getting labor and immigration card, applying visas and other details.

This article is written by Senior Business Consultant, Miss Marjan.

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