UAE allows property brokerage firms to be 100% owned by foreign nationals
UAE National partners will still be needed as 'service agents'
Manoj Nair, Business Editor (2021, September 27). UAE allows property brokerage firms to be 100% owned by foreign nationals. https://gulfnews.com/business/property/uae-allows-property-brokerage-firms-to-be-100-owned-by-foreign-nationals-1.1632714463009
The real estate sector in the UAE has been on a comeback since the start of the year, with Dubai seeing property values starting to rise in select areas. But demand since March has been recording strong monthly gains.
Dubai: Property brokers will be able to have full ownership of their companies in the UAE from now on, as this business activity has been removed from the ‘restricted list’. Given real estate sector’s dominant role in shaping the UAE’s economic and business activity, the decision is rated as one of the path-breaking ones, according to industry sources.