All over the world Business trends have been changed so dramatically since the last decade. Dubai is considered one of the largest strategic business hubs due to unlimited opportunities. A plethora of different businesses is flouring in Dubai and real estate is one of the top lists. This is the most money-spinning and profit-generating sector of the Dubai business industry.
The administration and government of Dubai have propelled some influential initiatives recently. These initiatives have made it possible for overseas investors to explore business opportunities and invest in real estate for longer period.
The government has been trying also to test some new policies, regarding new visa rules, business incentives and migrants’ residency. Officials are taking some economy heightening actions to supplementary augment the property industry in Dubai. These new strategies and dogmas are improving investors’ self – confidence in Dubai real estate and it is palpable.
How to Invest in Real Estate?
There are numerous ways to invest in the real estate business. One of the most authentic ways is to start your real-estate business setup. You have to follow the steps which are mentioned under.
Explore The Business Sector and Type
First of all, you need to explore the business sector and later on a location. Free zones properties are considered more suitable for the new entrants to set up, due to tax exemptions and freedom from import duties. Free zones are not abiding the regulations so strictly.
Registration of business
Register your worthy business with a trademark and logo. optimal registration work can be accomplished on-line to collect an opening endorsement.
Coach yourself on the licensing process from RERA (real estate regulatory authority). Licensing process is not that much tough, most of the forms and processing are online. You have to register yourself in the “Real Estate Executive Diploma program” to get a certification.
Hiring a back office
Hiring a back office is necessary for the business support and out sourcing of accounting services to avoid future stress.
Set Up Your Real Estate Office
Getting the license means you are now certified to set up your real estate office at your desired location. Another way to invest in real estate sector is to become a partner with an already existing real-estate company. You can become an active or sleeping partner, the choice is yours. RERA has real estate friendly policies and you can take help from them.
Future of Real Estate in 2020
2020 is a very decisive year for Dubai due to the manifestation of expo2020. Dubai has a significant place due to hosting the expo2020 in Middle East, North Africa, and South Asian regions. It is said that this expo will bring more market constancy in Dubai real estate and it is very conceivable to attract investment. According to an owner of a real estate company, Dubai will emerge as a miniature of contemporary real estate and constructional designs. Folks, companies, and investors will come there for expo 2020 from around the globe and the economy will get a boost.
2020 will be the era of the real estate business and its boom. Not only locals will invest in the real estate business but foreigner investors will also contribute due to the dynamic economic and business-friendly policies of the government. The expo 2020 will also reconnoiter newfangled ways to assimilate technology and contemporary business practices in the real estate business. Come forward with your new ideas and become part of this superlatively growing economy.