Steps to form a company engaged in Real Estate Management Supervision Services
The following are the steps to be taken into consideration whilst engaging into a firm with the activity of Real Estate Management Supervision Services.
Include firms specialized in managing and supervising properties as regarding contracting with the firms in charge of maintenance, cleaning and security services, handling the administrative issues for the property’s owner, coordinate with lease brokers to find tenants for vacant units in the building.
- Bachelor degree or diploma.
- Expatriate partner or manager must hold visa under this company.
- Undertaking for not practicing in real estate brokerage or sub-leasing activities.
- All the properties being supervised must be registered with RERA.
- Annual Fee: AED 5,000
Other steps are common as is the normal cycle for a professional license namely, reserving trade name, getting name approval, submitting the documents, making memorandum and articles of association, locating and office space and finalizing all tenancy issues and finally submitting all documents with compliance of the Pre-Conditions as above.