Construction companies in dubai are everywhere and for a good reason. When you think of dubai the first thing that comes to your mind is the gorgeous skyscrapers and buildings. Not to forget about Burj khalifa stretching into the sky or Palm islands on the persian Gulf.
Dubai is well known for its big ambitions in regards to architecture and construction. Many developers and architects specifically move there to be a part of such ambitious projects.
The population is still growing in Dubai as well as the market for people looking for trendy new modern housing or business spaces. The demand is high so the need for construction companies are also on the rise. So, if you’re looking to start a construction company in dubai, now is the time.
After the pandemic hit a few years ago, many people decided to put a hold on their projects and the launching of new businesses. The global market and construction industry were badly affected in the whole world. Big development and construction companies were hit hard and started losing an enormous amount of money.
With that being said, the UAE’s construction industry remained strong as it was still valued around 101.34 billion dollar (USD) at that time. This amount is expected to increase and reach 133.53 billion dollars by the year of 2027, this represents a CAGR of 4.69%.
Last year in 2022, the government also invested at least 1.5 billion dollars (USD) in construction. There was an increase in private investors matching the increase in development projects. These projects include the creation of new railways, residencies, co-working spaces and solar parks.
So is there an actual market for starting a construction business in dubai?
Yes, with the development project and money allocated and pledged by the government and private investors. Dubai is the preferred destination for launching a business related to construction.
To make sure you successfully launch your business you need to think of two main things: the approval and the capital.
For approvals you will need to have several permits from different departments. These permits must include a building permit as well as a sign-off from these governmental divisions:
You will also need a completion certificate at the end of each project built. This certification shows that the project has been completed successfully and can be used.
The next thing you will need to think about is the budget. Do you have enough to start? It is known that such businesses require a good starting investment.
The actual assessment of the cost is not fixed. It can vary from a person to another depending on several factors. The cost usually varies between AED 15,000 to AED 50,000. The factors that play a huge role in the costs are the prices of the permits , location, the type of company and business activities.
The best way to do this is to seek Business Setup Consultants in Dubai: These are experts in everything related to a Company Formation in Dubai as well as getting a Business License in UAE
With Absher, you will be able to launch your business formation and business setup process in an easy and straightforward way. We offer a consultation to take all the necessary information from you and then we work with you on the following:
Step 1: Choosing your company name
We don’t select the company name for you. But since dubai has specific rules and criteria about the names of companies we give you suggestions in case the name you had in mind does not correspond to the criteria set by The UAE.
Company naming tips from an uae consultant:
1- Refrain from abbreviations if you’re considering name the company after yourself
2- The name should not exist before
3- Must be followed by a legal form
4- Must not be a religious name
5- Must not be a disturbing name or affects the morals of the country
If you’re new to this or are a foreigner and not confident about what is okay or not you can read our article: Can a foreigner have a business in dubai?
Step 2: Deciding on your entity
Your legal entity is another thing you need to consider. In the UAE you can operate from one of the following :
1-Free Zone Company Formation in Dubai
2-Mainland Company Formation in Dubai
We guide you along the way and explain the difference between these two and then suggest the better one depending on your requirements.
Step 3: Start with your application
Once you have these decisions made up, the next step is to start with filling in your application. We help you as well with that. This application with other documents are then sent to the Department of Economic Development (DED).
Step 4: Visa
The next phase is to check what type of visa you need to apply for and the needed paperwork for each visa. Normally you can also bring your family such as your spouse or children.
Once we check the validity of your passport and its validity, we send you a list of documents you need to prepare. At Absher, we understand how frustrating Visa Services in Dubai can be. We make sure to make it a smooth process for you.
Step 5: Opening a bank account
To be able to work and open a business, you need to have a corporate bank account. If we are real about this, it is not an easy process but we can do it. Our years of experience in the field allowed us to offer bank account opening assistance
If you want to take inspiration from the best in the industry here is a list of the top construction companies in Dubai
Our team is dedicated to helping you and guide you in all the steps of your project. We are qualified business consultants and one of the best business consultancies in dubai. You can find us at Al Nouf tower Portsaeed, Deira, Dubai UAE
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