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Uncovering the Costs: How to Open a Real Estate Brokerage in Dubai, UAE

Are you considering opening a real estate brokerage in Dubai? This dynamic city, known for its stunning skyline and booming economy, offers incredible opportunities for aspiring business owners. Each year, thousands of investors flock to Dubai, drawn by its enticing lifestyle and profitable real estate ventures.

In this article, we will break down the costs and requirements of launching a real estate brokerage in Dubai and provide a clear roadmap to succeed in this competitive market.


Understanding the Market Landscape


Dubai's real estate sector has demonstrated impressive growth, with property prices increasing by an average of 7% per annum over the past several years. The city features iconic buildings such as the Burj Khalifa and numerous luxury developments, attracting both local and international buyers.


The continuous rise in demand for properties highlights the need for real estate brokers who can navigate the complexities of the market. Understanding local regulations and market trends is crucial for success. Collaborating with seasoned local experts, like Yes Pinoy PRO, can save you time and money by simplifying the extensive setup process.


Steps to Start a Real Estate Brokerage in Dubai

Setting up a real estate brokerage in Dubai is a structured process that requires compliance with various regulatory bodies. Below are the key steps involved in establishing a real estate business in the UAE:


1. Business Name Approval

Selecting an appropriate name for your real estate brokerage is the first step. The chosen name, whether in Arabic or English, must comply with the naming guidelines set by the Department of Economic Development (DED) and should not violate any trademark regulations.


2. Initial Approval & Tasheel Documentation

You must obtain initial approval from the DED, which confirms that your business activities align with local regulations. Additionally, you will need to process the required documentation through Tasheel, an online government service center that facilitates business setup.


3. Drafting & Notarizing the Memorandum of Association (MOA)

A Memorandum of Association (MOA) must be drafted in accordance with UAE commercial law and the guidelines set by the DED. Once prepared, the MOA must be notarized to validate your business structure and ownership details.


4. Real Estate Brokers Registration (RERA Certification)

To legally operate as a real estate brokerage, the broker or agent must obtain certification from the Real Estate Regulatory Agency (RERA). This involves the following steps:

  • Obtaining a residence visa under the company

  • Enrolling in a certified RERA training program

  • Attending mandatory training sessions at an approved RERA center

  • Passing the RERA examination

  • Acquiring the RERA license and Broker ID


5. Good Conduct Certificate

A Good Conduct Certificate issued by Dubai Police is required for real estate brokers and agents. This document is addressed to the Real Estate Regulatory Agency (RERA) and ensures that the applicant has no criminal record.


6. Dubai Land Department (DLD) Approval

Approval from the Dubai Land Department (DLD) is a mandatory step in establishing a real estate brokerage. The DLD is responsible for overseeing real estate regulations, transactions, and market compliance.


7. Office Space Requirement

All real estate brokerages must have a physical office in Dubai. As per RERA regulations, the office must be either a standalone rental space or located within a recognized business center. The office must also be registered with Ejari, the Dubai Land Department’s tenancy contract registration system.

By following these steps, you can successfully establish a real estate brokerage in Dubai and operate within the UAE’s legal framework.


Cost of Opening a Real Estate Brokerage in Dubai

Establishing a real estate brokerage in Dubai requires careful financial planning, as various costs are involved. Below is a breakdown of the key expenses:


1. Licensing and Certification Costs

  • RERA Activity Fee: AED 5,020 per activity

  • RERA Training Certificate: Required for brokers and agents

  • Real Estate License (LLC Structure): Approximately AED 12,950

  • Total Initial Licensing Costs: Around AED 21,000


2. RERA Registration Exam Fees

The cost of the RERA exam depends on the applicant’s educational background:

  • Bachelor’s degree holders: No additional fee

  • Non-bachelor’s degree holders: AED 6,300

  • Applicants without formal educational qualifications: AED 15,750


3. Office Space Rental and Operational Expenses

  • Office Rent: A physical office or business center space is mandatory under RERA regulations. Rental costs vary depending on location and size, typically starting at AED 70,000–100,000 per year.

  • Ejari Registration: AED 2,000–5,000

  • Office Fit-Out and Furniture: Estimated at AED 10,000–30,000, depending on office requirements.


4. Visa and Sponsorship Fees

  • Investor Visa: AED 4,000–7,000

  • Employee Visas (if applicable): AED 3,000–6,000 per visa

  • Emirates ID & Medical Insurance: Additional AED 3,000–5,000 per applicant


5. Marketing and Branding Costs

  • Website Development & Hosting: AED 3,000–10,000

  • Company Branding & Logo Design: AED 2,000–5,000

  • Digital Marketing & Advertising: AED 5,000–20,000 per month, depending on strategy


Total Estimated Cost to Open a Real Estate Brokerage in Dubai

Based on the above estimates, the initial investment required can range from AED 60,000 to AED 150,000, depending on the scale of operations, office space, and marketing efforts.


For an accurate cost assessment and seamless business setup, consult Yes Pinoy PRO. Our expert consultants provide personalized guidance to help you establish your real estate brokerage in Dubai with ease.


Connect with Yes Pinoy PRO

Are you still unsure about how to set up a real estate brokerage in Dubai or anywhere in the UAE? Do you need guidance on RERA’s certified training for real estate brokers or the process of applying for a RERA license in Dubai?


If you have any questions regarding the steps to becoming a real estate agent in Dubai or setting up a real estate company, Yes Pinoy PRO is here to help. Our team of expert business consultants provides comprehensive assistance in navigating the UAE’s business landscape, ensuring a smooth and hassle-free setup.


At Yes Pinoy PRO, we offer free consultations on UAE company formation and provide end-to-end support for your business setup journey.


📞 Contact us today!

Let us help you take the first step toward launching your successful real estate brokerage in Dubai!


Written by: Carol Valenzuela

Date: 26th March 2025

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