How to Obtain a Real Estate Development License in Dubai Mainland ?

Wants to Become a Real Estate Developer ?

If you want to develop real estate projects in Dubai Mainland, you need to secure a Real Estate Development License, which is issued by the Department of Economic Development (DED). This license, categorized under the DED Activity Code: 6499004, allows companies to develop and manage various real estate projects such as residential and commercial complexes, tourism-related ventures, and infrastructure or leisure facilities. It also grants permission to sell property, in line with the freehold ownership laws, either owned by the developer or through agreements with landowners.

Key Steps for Securing a Real Estate Development License

Here’s a step-by-step guide to help you navigate the process:

- Select Your Business Activity: Clearly define your real estate development activities.
- Choose a Company Name: Register a unique business name as per DED guidelines.
- Select a Legal Structure: Choose the appropriate legal entity for your company.
- Obtain Initial DED Approval: Secure preliminary approval from the DED to proceed with the setup.
- Rent Office Space & Get Ejari: Lease office space and register the tenancy contract through Ejari.
- Get Approval from RERA: Obtain external approval from the Real Estate Regulatory Agency (RERA).
- Submit Required Documents: Provide all necessary documents, including RERA approval, to the DED.
- Pay the Fees: Complete the fee payment to receive your Real Estate Development License.
 

RERA Approval for Developers

As per the regulations of company registration in Dubai mainland, you require approval from RERA to proceed with the license approval. RERA is a regulatory body functioning under the Dubai Land Department (DLD). RERA regulates Dubai’s real estate market and provides a legal framework for all parties working in the sector, and it also enforces the rules.

You need to apply through the Trakheesi system to get RERA approval for a Real Estate Developer License in Dubai. Business setup consultants in Dubai can assist you with the approval process. 

Setting Up an Escrow Account

If you intend to sell off-plan properties or develop projects, you must set up an escrow account, as mandated by RERA. All payments made by buyers will go into this account and can only be withdrawn for project-related expenses under RERA guidelines. This ensures transparency and protection for buyers.

By partnering with experienced consultants, you can efficiently meet all the requirements and expedite your company’s formation in Dubai.