Leasing & Management of Self- Owned Property licence in the UAE

Approval must be obtained before the license is issued; this means that you will submit the application. Once the required documents (TPA letter – Initial approval) are generated in the final stage, we will send the documents across to apply for the approval. The client can try to apply for the service through Dubai Land Department - Request a Real Estate License: Step 1: Register and create an account in the Trakheesi system (if the customer does not have a pre-existing account) or log in to the system and choose the service. Step 2: Fill in the data, attach the required documents, and send the application electronically. Step 3: The request is verified, an approval is issued, and a notification of approval will be sent through the system. Step 4: Enter the system, select a payment method, and pay the fees electronically. Step 5: A notification of registration is received, and an electronic no-objection letter is received only for the free zone licenses. Charges: starting from 5,020AED, up to 100,020AED (refer to the link) Please be aware that a Bank guarantee of 5 million AED might be required. Regarding licenses for renting and managing private real estate services: • A copy of the property ownership and the title deed must be in the name of the license holder or one of the partners. • Second-degree associates may manage an owner's real estate according to Local Ordinance No. 2/2003. Regarding licenses for leasing and property management services for third parties: A Bank guarantee of AED 5 million must be provided.