You can get a free trade license in Dubai now by buying a home in Dubai. Emaar has launched 184 units in Dubai Hills Estate community which are under-construction and is now in partnership with Dubai Multi Commodities Centre. Residents will now get a free 3-year renewable business license which is estimated to be worth AED 1, 30,000, a free 3-year family residency visa and also 100% business ownership that will pay 20% of the property price (apartment) at executive residences.
This is mainly targeted at entrepreneurs and SME” S and is attempt to sell and to be the game-changer product in the real estate industry of UAE. Now entrepreneurs can do away with the need to rent the offices. Also, the main benefit of this product is that it will give buyers the freedom to work flexible working hours and also they can set up a business they can run from home also. Buyers who have families and also young children this is an exciting offer for them as it will give parents more time to spend at home and be flexible with children Care” said by Lewis Allsopp, CEO of Allsopp & Allsopp. A 1-bedroom apartment is priced below AED 1 million while 2 bedroom ranges from AED 1.3 million to AED 1.6 million. The building is handed over by 2021.
The main advantage of this product is that it helps to achieve cost savings. Initially, residents had to show their office tenancy contract who owns a business in UAE as a proof to get a trade license. But now after this project, they can do so with their house Ejari certificate. Buyers are already waiting to buy with credit card authorization. This kind of independence has never existed in the market earlier. Through the Executive Residences, business owners, entrepreneurs and startup owners have a chance to run a home-based business legally with a free trade license.