The real estate business in UAE is steadily growing, and it's now one of the most lucrative businesses in UAE. Despite the market volatility, many people still choose to become a part of the real estate business in the UAE.
Moreover, the real estate business is one of the best investments you can make in the UAE. It can double or triple your money in a brief period. Therefore, before diving deep into the 'how-to' and 'what-for,' it would be prudent to understand why investing and doing real estate business is ideal for most individuals.
UAE Real Estate Market Staged a Remarkable Growth
The UAE's real estate market experienced remarkable growth in 2022 because global investors trusted the emirate's effective strategy against the covid-19 pandemic.
In addition, their consistent economic policies, excellent infrastructure, visas, and business reforms, especially in the luxury segment, attracted real estate investment.
Moreover, during the first seven months of 2022, the emirate attracted more than Dh170 billion in investments in the real estate sector. Due to the expanding demand for luxury villas in ideal locations, apartments, and townhouses, the Dubai real estate market will likely continue growing in the coming months.
Rising Mode of Dubai Property Market
During the first half of 2022, the Dubai property market witnessed over 43,000 real estate transactions. These astounding numbers indicate an increase compared to the previous years.
Similarly, the real estate market in Abu Dhabi recovered lost ground during the first half of 2022. Therefore, while looking at the steady growth, the real estate markets in Abu Dhabi and Dubai are likely to impact the UAE economy as a whole positively.
Along with Dubai's property rising mode, know the tips for generating new real estate business.
A Glance at how Foreign Investment Drives the Property Market
Regarding real estate sectors throughout the UAE, Dubai receives a sizable portion of international investment. With the opening of new residential and commercial complexes in the nation's capital, the Abu Dhabi real estate market also attracts its fair share of interest from overseas investors.
According to statistics, the top countries investing in the real estate markets of Dubai and Abu Dhabi are Russia, Ukraine, and the UK. In addition, investors from Italy, France, Canada, Pakistan, India, and Pakistan have all made significant investments in both emirates.
How Visa Rules Reformed the Growth of UAE Real Estate
The UAE's real estate markets have expanded due to the revised visa regulations. Since obtaining a golden or silver visa has been loosened, it is now relatively more straightforward for investors to invest in real estate and receive one of these visa types. These visa relaxations aimed to make the UAE property market more accessible to foreign investors.
While reading the above ideas, if you feel like starting a business or making an investment, then exploring the company formation in UAE would benefit your business.
Business Setup Worldwide is a consulting company that assists clients in starting their businesses in a hassle-free way. Our skilled experts have years of knowledge in a similar field and would help solve any business-related queries. We will be delighted to assist you if you contact us.
How to form a real estate business in UAE?
The following are the steps to start a real estate business in UAE,
Understand the market
Choose a business model
Complete the company registration process
Apply for relevant company certifications
Establish a professional office
Outsource specific services
Keep up with the latest trends
Is real estate a profitable business in Dubai?
Yes, setting up a real estate business is lucrative in Dubai.
How much does it cost to begin a real estate business in Dubai?
The cost of beginning a real estate company in Dubai is between AED 15,000 and AED 25,000
Is UAE good for real estate investment?
Yes, UAE is good for real estate investments.