The real estate sector in Dubai flourishes on a daily basis through varied and noteworthy investments made by companies or businessmen from abroad. This field is entirely sustained by the authorities in the UAE who have created a proper business climate that welcomes any commercial idea linked to the real estate area, due to numerous visitors or persons willing to live in the Emirates. If you have decided for a business in the real estate sector and you need not only a starting point but also information about the legislation in the UAE, we suggest you talk to one of our lawyers in Dubai.
Legislation that oversees the real estate sector in Dubai
The full potential of the real estate sector in Dubai has been guided by particular rules and regulations considered by both local and foreign entrepreneurs. Having a specific legislation and knowing how things are issued in this major domain are among concerns to bear in mind. Here are the laws that regulate the real estate sector in Dubai:
• Land Registration Law in Dubai;
• Ownership of Jointly Owned Properties Act in Dubai;
• Real Estate Ownership for Non-Nationals in the Emirate of Dubai;
• Federal Law.
Your business in the real estate sector in Dubai may be formed with the help of varied structures available, such as limited liability company, general partnership, joint venture, share partnership or public shareholding. The Department of Economic Development in Dubai is in charge of issuing the registration certificate of your business. In order to perform your activities in this field, the real estate license is mandatory and it is provided by the Real Estate Regulatory Agency under certain conditions. Let us remind you that in legal matters related to your business in Dubai, whether in the real estate sector or in any domain, our Dubai attorneys can offer the proper support.
We have prepared a video about how to open a business for real estate activities in Dubai:
Investing in real estate in Dubai
Whether you are interested in renting or selling properties in Dubai, a real estate business is for sure a suitable option for entrepreneurs regardless of their nationalities. The high demand for properties in Dubai has made investors focus on the opportunities offered, as there are many companies in search of office spaces for their branches or subsidiaries in the Emirate. Additionally, Dubai is not only visited, as there are numerous people who relocate here for work purposes and are looking for renting or buying properties. Starting a business for real estate activities in Dubai with the suitable structure is a solid investment subject to profits and stability.
If you are an investor in Dubai and you need information and legal support on varied issues, please feel free to contact our law firm in Dubai.