How to Make Real Estate a Lucrative Business in the UAE
The word Dubai rings a bell in minds as a place where skyscrapers and superstructures abound. Over the last few decades, UAE has bolstered its place among the various other urban centers as a place of architectural influence, and has attracted millions of tourists from all corners of the world.
Many of the architectural wonders that Dubai is a home to inspires many a businessmen and investors in the real estate market. Seeing as to how real estate investment is a long-term investment, the region leans towards attracting investors and business tycoons from high-profile backgrounds. The last year’s total real estate investment of approx. AED 80 billion alone should give you an idea. As a result, Dubai has been ranked as one of the best places to live in, according to many indices. Also, UAE ranks 21st in the list of happiest countries in the world.
So undoubtedly, real estate in Dubai is the most lucrative economic sector in all of UAE. Who would think otherwise? The UAE is increasingly seeing a trend in investors preferring to set up a real estate business in Dubai rather than procuring assets in construction companies. This gives all the more reason for you to setup new business in Dubai.
Nonetheless, let us peruse and perpend over the various reasons on why you must setup new business in Dubai. To get an idea of how much capital must be reserved for starting a company in Dubai, you can redirect here. Read on for all the other information that the top business setup consultants in Dubai deem important.
Why you must start a real estate business in the UAE
- Rising Population: A good reason to start with is the steady growth in the population, which presents more opportunities to people wanting to start a real estate business. People from all over the globe are emigrating to the UAE in search of greener pastures, and many big corporations have already made the UAE their business hub. So, all of these people would be in need of accommodation, which presents a golden opportunity to realtors.
- Low Crime Rate: As a result of strict law enforcement, there are virtually zero crimes in the Emirates. This presents a safe space for people to conduct business with ease and not worry about unscrupulous business ethics.
- Steady Economy: The economy of a region has to be meticulously studied before making any kinds of investments, be it in real estate or otherwise. Case in point, the economy greatly determines the future industrial landscape of a region. If you are investing your money in a particular corporation, ensure that the economic indicators of that region are pointing towards growth. The UAE has always had a good record vis-à-vis to its economy, despite the COVID-19 pandemic.
- World-Class Lifestyle: Dubai is a city that has transformed an arid, desert area into a hub of robust activity. So, one can very well imagine the plethora of opportunities the city holds for entrepreneurs looking for a real estate business setup in Dubai free zone.
However, there are some prerequisites that one must fulfil in order to start a real estate business in Dubai. You may redirect to this page to understand in a step-by-step manner the process of setting up a business in Dubai.
Choosing the Right Business Structure
When you are in the UAE, you have the liberty to choose from different business structures to set up your real estate business. The choice of the business form is contingent on the future owner of the company. A majority of people choose from two main categories:
- Limited Liability Company
- Free zone
Other than these two, there are two more less popular legal structures that you can adopt:
- An establishment that can be owned by one person
- A branch in a foreign country
After one chooses the business form according to their business interests, they usually take the help of business setup services in Dubai to take care of the registration and legal procedures to setup their real estate business in Dubai.
Where do I start?
Real estate in the UAE is one of the most, if not the most, lucrative businesses. While many nations are trying to battle the slumpflation, UAE has already transcended it. Hence, if UAE is where your mind is at, then go right ahead and start a real estate business. Worry not about the legal procedures, for there are professionals that can handle it all. Get in touch with an executive and right away and design your plan. Crosslink International is the top business consultant in the field and can assist you in every step of starting a business in the UAE. You can also reach out to us on +971 4 321 6631 / +971 55 744 6445.
