Establishing a real estate company in Dubai is a strategic move in one of the fastest growing real estate markets in the world. Known for its luxurious skyscrapers and advanced infrastructure, Dubai attracts investors and real estate developers from all over the world. With property ownership laws that allow foreigners to own freehold properties in certain areas, and government policies that encourage investment, Dubai has become an ideal destination for establishing real estate companies. With continuous developments in the tourism, commercial and residential sectors, investment opportunities in this sector are increasing significantly.

Dubai is a vibrant business environment, where real estate investors enjoy many benefits such as full tax exemptions on income and companies in free zones, advanced infrastructure, and a strategic geographical location that makes it a gateway between the East and the West. The real estate market in Dubai is also diverse and includes a wide range of options from luxury residential properties to large commercial projects, providing diverse investment opportunities.

Real estate companies in Dubai need a comprehensive understanding of the market, local laws, and the constant changes in regulations. Opening a real estate company in Dubai This is where Itqan comes in, providing integrated services to support investors in establishing their real estate companies, from legal procedures to consulting on the best investment opportunities. With its extensive experience in the local market, Itqan helps entrepreneurs and investors adapt to challenges and make the most of the opportunities available in Dubai, making the process of establishing a real estate company smoother and more successful.

Basic requirements for establishing a real estate company in Dubai

Establishing a company in Dubai requires following a set of legal and administrative procedures to ensure compliance with local laws. Dubai, being one of the fastest growing real estate markets in the world, provides an attractive environment for investors and real estate developers. With diverse investment opportunities in the real estate sector, whether in residential or commercial properties, success in this field requires comprehensive preparation and a thorough understanding of the required procedures. Compliance with the basic requirements is a crucial step to ensure that a real estate company operates legally and successfully in this advanced market. Basic requirements for establishing a company in Dubai :

• Obtaining a real estate license: Any company wishing to work in the real estate sector must obtain a real estate license from the Dubai Land Department. There are several types of real estate licenses, such as a real estate brokerage or real estate development license, and the type required depends on the activity the company wishes to carry out.
• Company Registration: Establishing a real estate company requires registering the company with the Dubai Department of Economic Development. The registration procedures differ depending on whether the company will operate in the free zones or within the city.
• Registration in the Real Estate Brokers Register: The company and its employees must be registered in the Real Estate Brokers Register managed by the Dubai Land Department. This includes passing a training course and obtaining a certified real estate broker certificate.
• Choosing a location: It is necessary to choose a suitable location for the real estate company, whether inside Dubai or in one of the free zones, taking into account foreign ownership laws if the company wants to operate within the city.
• Prepare a clear business plan: A business plan must be submitted that includes the company’s commercial strategy and financial goals, in addition to identifying the target audience and the real estate activities that it will carry out.
• Opening a Business Bank Account: To facilitate financial transactions, a business bank account must be opened in one of the approved banks in Dubai. This account is an essential part of the company’s daily business operations.
• Professional Insurance: It is advisable to obtain professional insurance to protect the company from potential risks that may occur while carrying out real estate activities.

Compliance with these basic requirements ensures that the real estate company has the legal and administrative foundation necessary to achieve success in the thriving Dubai real estate market.

Tax benefits available to real estate companies in Dubai

Dubai is one of the world’s leading investment destinations, offering a supportive and competitive business environment that allows real estate companies to achieve great success. One of the main factors that attract investors to Dubai are the tax benefits that the government provides to companies, especially in vital sectors such as real estate. Providing tax and financial incentives contributes to enhancing the attractiveness of the real estate market and stimulates both foreign and local investment. These benefits make Dubai an ideal destination for investors looking to expand their activities in the real estate sector. Tax benefits available to real estate companies in Dubai:

• Income Tax Exemption: Real estate companies operating in Dubai enjoy complete exemption from personal income tax and corporate tax. This means that the profits made by the company are not subject to any tax deductions, allowing them to reinvest the profits in expansion or new projects.
• Corporate Tax Exemption in Free Zones: If a real estate company operates within one of the free zones in Dubai, it benefits from a corporate tax exemption for periods of up to 50 years, renewable. This exemption makes the free zones an ideal environment for foreign and local real estate companies looking to achieve the highest return on investment.
• Value Added Tax (VAT): Although Dubai has imposed a 5% VAT since 2018, there are important exemptions for real estate companies. For example, the sale of new residential properties is exempt from VAT for three years from the date of completion of the project, providing great flexibility for investment.
• Customs Duty Exemption: Real estate companies that import building materials or conduct any type of trade within the free zones benefit from a complete customs duty exemption. This exemption helps companies reduce operating costs and increase their profitability.
• Tax exemption on commercial properties sold or leased: In some cases, real estate companies can benefit from tax exemptions or deductions on the sale or lease of commercial properties, which contributes to enhancing their competitiveness in the market.
• Ease of international money transfers: Dubai provides a stable financial environment with extensive facilities for international money transfer without restrictions, including the transfer of profits and capital outside the country, which makes managing the financial affairs of real estate companies more flexible.

With these tax benefits available, real estate companies in Dubai can achieve higher levels of profitability and expand in a competitive global market, enhancing the emirate’s attractiveness as a global real estate investment hub.

Our company’s role in establishing a real estate company in Dubai

In conclusion, setting up a company in Dubai is a smart investment decision that combines the tremendous opportunities and great diversity in this dynamic sector. Dubai, a global hub for business and trade, offers an attractive investment environment thanks to economic and political stability, advanced infrastructure, and laws that support foreign investment. Setting up a real estate company here means not only entering a thriving market, but also benefiting from a range of government incentives such as tax exemptions and financial facilities that enhance the success of real estate projects.

Setting up a real estate company in Dubai requires a thorough understanding of the local real estate market and its related legislation. From company registration, to obtaining the necessary licenses, to following up on complex legal procedures, an investor needs a reliable partner to ensure the process runs smoothly and efficiently. This is where Itqan comes in, with its long experience in providing comprehensive consulting and services to real estate investors. Itqan offers customized solutions starting from initial guidance on available investment opportunities to providing full support throughout the company’s establishment phase.

With a team of experts and specialists, Itqan provides comprehensive services covering all aspects of establishing real estate companies in Dubai, from legal procedures to strategic advice on how to make the most of investment opportunities. In addition, cooperating with Itqan provides investors with peace of mind and confidence that all legal and administrative aspects will be handled professionally and efficiently.

Ultimately, establishing a real estate company in Dubai in collaboration with Itqan is a pivotal step towards success in a real estate market full of opportunities. Whether you are a new investor or an expert in this field, Itqan provides you with the necessary support to achieve your goals and achieve success in this dynamic market.

Frequently asked questions about establishing a real estate company in Dubai