The Emirate’s real estate market is very active. This is due to a growing population, new infrastructure, and more tourists.
As you begin your real estate business in Abu Dhabi, it’s important to know about the UAE’s business environment. Understanding this will help you succeed. The city’s great location, top-notch amenities, and friendly business policies help real estate ventures grow. The Abu Dhabi Real Estate Centre (ADREC) reported a record in real estate transactions for 2023. The total amount reached AED 87.1 billion. ADREC is part of the Abu Dhabi Department of Municipalities and Transport (DMT).
In Abu Dhabi, the DARI issues licenses to real estate professionals. You must get a license before you can start any real estate work.
To get a license, you need to meet some requirements. To qualify, you need at least two years of experience in real estate. You must enroll in the DMT accredited real estate training program and pass the certification exam to obtain the necessary qualification. Finally, you need to show proof of financial stability.
1. Choose The Appropriate Business Structure
This key decision will shape your company’s legal framework is important and you can choose between a mainland or free zone setup
2. Register Your Trading Name
Submit your trade name application on the TAMM platform of the Abu Dhabi Department of Economic Development. Include all necessary paperwork. Make sure your trade name is unique and represents the real estate activities you want to start.
3. Complete A Memorandum of Association
Depending on your business structure, you will need to create a Memorandum of Association (MoA). This document outlines your company’s structure and rules. You must notarize it in the Abu Dhabi court.
4. Office Space
To run a real estate company, you need a physical office. This is a legal requirement.
5. Complete a Real Estate Training Course
To get your brokerage license, you must complete a real estate training course accredited by DMT. It must be approved by the Abu Dhabi Department of Economic Development (ADDED). This department is located at the DARI Authority in ALDAR Square. Passing the exam is important to obtain your real estate agent license in Abu Dhabi. The course will cover topics such as property law, valuation, marketing, and sales. You can choose to take the course online or in a classroom.
6. Register and Applying for brokerage license from DARI
Once you’ve passed the exam, submit your application for a Real estate brokerage license. You need to provide documents such as your passport, visa, educational qualifications, and exam results
Please feel free to book free consultation with our business setup experts and we will guide you every step of the way.