Starting a construction company in the UAE is daunting. However, with the help of professional consultants in Dubai, every step in your construction business setup will be a breeze. The UAE requires every investor to comply with certain policies for their business to run swiftly in the Dubai marketplace.
To cut the chase; here are some of the proven steps to set up a construction company or business in Dubai;
- Choose the type of company you’d like to set up
- Obtain a building permit from the municipality
- Acquire other necessary approvals for the business to operate
- Start your construction business in Dubai
Following the above steps when launching your construction company will help you a great deal, thus, enabling your business to have a high return on investment quickly. Now that you know the steps that ought to be taken for your business to achieve its peak, let’s discuss each step in detail;
Let’s jump right into it;
How to Start a Construction Company in the UAE?
Starting a construction company in the UAE is a complex process, as there are many approvals and licenses required.
The first step is to choose the type of company you would like to set up, either a free zone or a mainland company. If you choose a free zone company, you will need to obtain approval from the relevant free zone authority. If you choose a mainland company, you will need to obtain a license from the Department of Economic Development.
You will also need to obtain a building permit from the municipality. Once you have all the necessary approvals and licenses, you can start your construction business in Dubai. However, it is advisable to seek professional help from business consultants or consultants specializing in construction businesses in the UAE, as they can guide you through the process and help you avoid any pitfalls.
With dozens of consultants in Dubai, it can be a heart-wrenching task to find one who will walk you through your business setup journey. Luckily, we at Vigor come in handy recommended as a professional and legit business set up company in Dubai assisting aspiring investors to start their business in the UAE in a hassle-free manner.
The construction business has a lot of nitty-gritty you need to understand for the effective execution of your business activities. Read on to find out some of the most frequently asked questions about the building construction business in Dubai.
Frequently Asked Questions about Building Construction Business
Is Construction Business Profitable In Dubai?
The construction business in Dubai is profitable. The construction projects are huge and there is a lot of money to be made. However, it is important to remember that the competition is also very tough. Many construction companies are vying for the same projects, so you need to be the best in order to win the contracts.
How Can I Get Construction License In Uae?
To get a construction license in the UAE, you will need to submit an application to the Department of Economic Development (DED). The DED will review your application and may require additional documents. Once your application is approved, you will be issued a construction license.
Can A Construction Company Be A Startup?
Yes, a construction company can be a startup. New construction business is considered a startup because it is a new business. Startups are typically small businesses that are just starting, so a construction company would fit this definition.
What Construction Business Makes The Most Money?
There is no definitive answer to this question as it largely depends on the size and scope of the construction company in question.
However, some estimates suggest that the most profitable construction businesses are those that focus on commercial projects, such as office buildings and shopping centers. These businesses typically have higher profit margins than those that focus on residential construction, such as homes and apartments.
Why Start a Construction Company in Dubai?
There are many reasons to start a construction company in Dubai. The city is constantly growing and evolving, which creates a demand for construction companies.
Additionally, the process of obtaining a license to operate in Dubai is relatively straightforward compared to other emirates. And finally, there are already many successful construction companies in Dubai that can serve as models for your own business.
Business Opportunities for Construction Company in the UAE
There are many business opportunities for construction companies in the UAE. One of the most lucrative is the construction of high-rise buildings, such as the Burj Khalifa and Marina 101. These projects are some of the highest-grossing in the country and can be extremely profitable for construction companies.
Other popular projects include residential buildings, such as the Burj Al Khalifa and Princess Tower, which are also highly profitable.
Essential Approvals Required to Set Up Construction Business in Dubai
To set up a construction business in Dubai, you will need to get the following approvals from government authorities:
- A business license
- A consultant license
- Approval from the Department of Economic Development (DED)
- Approval from the Dubai Municipality
- Approval from the Dubai Civil Aviation Authority (DCAA)
- Approval from the Dubai Electricity and Water Authority (DEWA)
- Approval from the Roads and Transport Authority (RTA)
- Approval from the Telecommunications Regulatory Authority (TRA)
- You will also need to get approval from the drainage and irrigation department if your construction business will be involved in any work related to these systems.
Set Up Your Building Construction with Vigor Business Set-Up
Construction is part and parcel of Dubai’s activities. Buildings are constructed at a regular interval because of the demand and influx of expatriates who are looking forward to starting a business in the United Arab Emirates. Therefore, opening a building construction company in Dubai will be a superb move to make right now.
The above-mentioned points will help you launch your business easily. Nonetheless, for your business to be approved, you’ll need to liaise with professional business consultants in the UAE to help you apply and complete all the paperwork and documentation needed for your business.
Partner with us to help you set your business successfully.
