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1.    A commercial license issued by the relevant authorities in accordance with Decree No. 22 of 2022 is required. The names of the founders mentioned in the license must match the owners of the real estate assets at the time of incorporation.

2.    Real estate assets with a market value of at least AED 180 million are required. This valuation should be based on an appraisal certificate issued by the DLD no more than six months prior to the date of issuance for each property. Alternatively, appraisal companies approved by the Real Estate Regulatory Agency can also provide the valuation.

3.    Copies of valid identity cards or passports of the fund's founders should be provided.

4.    A copy of an approved authorization is required for the individual authorized to handle the registration process or any other transactions related to the fund at the DLD. This can be in the form of an official power of attorney or an officially approved decision by the board of directors.

5.    The fund must have an approved fund manager recognized by the DFSA (Dubai Financial Services Authority).

6.    A comprehensive incorporation contract for the fund must be submitted, specifying the number of founders and the value of each shareholder's share.

Note:
In case a request is being submitted to the Investment Funds Committee for ownership in non-freehold areas, please complete the attached form and send it to the email: [email protected]

1) 10,000 dirhams registration fees in the Real Estate Funds Privilege Register.
2) For real estate that is added at the time of incorporation, flat fees amounting 50 ,000 dirhams for each real estate project.
3) 2% is collected when the fund purchases any real estate in its name during the period of its activity.
4) Collecting 4% of the market value of the property when the real estate investment fund sells any of the properties it owns within its real estate portfolio.
5) Collecting 2% of the market value of the property when registering a usufruct right or a long-term lease right.
6) Collection of 4% of the market value of the property when the real estate investment fund waives the right of usufruct or the right of long-term lease.

25-30 minutes

1) The names of the founders mentioned in the license must be identical to the owners of the real estate assets at the time of incorporation
2) The real estate assets must be evaluated based on a valuation certificate issued by the DLD that is not less than six months from the date of issuance for each property or evaluation companies accredited by the Real Estate Regulatory Agency.
3) That the authorization of the person authorized to continue the registration is an official power of attorney or an officially approved decision of the Board of Directors
4) The Fund's Memorandum of Association must list the founders and the value of each shareholder's share.
5) The registration of the real estate investment fund shall be removed from the register, in any of the following cases:
A. His loss of any of the conditions of incorporation.
B. Declaring his bankruptcy pursuant to a final court ruling.
D. Solve it and liquidate its assets.
E. Cancellation and liquidation of its assets.
F- Restricting his activity by virtue of a final court ruling
G- Deletion of the Real Estate Investment Fund from the Register shall result in the cessation of all benefits granted to it pursuant to this Decree, provided that all benefits enjoyed by the Real Estate Investment Fund prior to the date of its deletion from the Register are considered correct and producing their effects.

http://dubailand.gov.ae/media/5yghsily/property-acquisition-application-form.docx

Real Estate Registration Trustees Centers

1) E-ownership in the name of the real estate fund
2) A receipt for the fees

1) Manager's check in the name of DLD
2) Credit card
3) M69ePay Smart Payment

DFSA-DIFC-SCA

All