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Do we need 100% UAE local ownership for a real estate brokerage business in Dubai?

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Shuraa Management & Consultancy LLC, UAE Company Formation Simplified verified
Answered on October 19,2023

No, you do not need 100% UAE local ownership for a real estate business in UAE. In June 2021, the UAE government amended its Companies Law to allow 100% foreign ownership of businesses in the mainland, including real estate brokerage firms.  

This means that foreign investors can now own and operate real estate brokerage firms in Dubai without having to partner with a UAE national. 

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