Real estate activity in the UAE is regulated by the state, which supports the development of the real estate service sector, monitors the speculation and market stability. Almost all activities fall under the control of the Department of Real Estate, namely the so-called real estate regulatory agency - the Real Estate Regulatory Agency, as well as other departments, depending on the type of activity.
You need to be prepared for the fact that the real estate business in the UAE implies the obligatory presence of a local sponsor who owns at least 51% of your company shares, and 100% of the shares in specially controlled areas. It is important to understand that such a local sponsor is nominal, he does not affect the business and has no relation to its management. Only single areas related to consulting, maintenance (cleaning, guarding facilities) and management (business center activities) do not require a local partner. Companies providing such services may be 100% owned by a foreign investor.
Place of registration
You can establish only a local company for conducting business in the field of real estate maintenance, since only such legal entities are free to conduct business in the domestic market of the UAE. You can’t obtain a license to conduct real estate activities in Free Economic Zones of the country, except of certain highly specialized consulting areas, investment in real estate, creation of portals for the sale or lease of real estate, etc.