Real Estate Development

6499004

Real Estate

Professional

This refers to companies established for the development and founding of real estate projects which include housing and commercial complexes, tourism projects, and the development of the infrastructure and leisure facilities for such projects. It also covers the selling of the property or projects per the free hold ownership law of property whether owned by the license holders or another party through a contract signed between the developer and the land owner and registration of the contract in the Escrow Accounts Department ahead of the commencement of the project.

Real Estate Regulatory Agency approval is required before a license is issued, Tittle deed should be under the license owner/ owners - certificate of good conduct from Dubai police - the project should be registered in the Escrow Accounts Department after the license is issued, If no project is registered within 6 month the license will get canceled - activity fee 25000 DH per year.