What documents does an Australian national need to start a real estate development business in the UAE?

You will need a valid Australia passport (minimum 6 months validity), passport-sized photos, proof of address in Australia, attested documents via Australian Department of Foreign Affairs and Trade, and a business plan for your real estate development venture.

How long does it take for an Australian citizen to set up a real estate development company in Meydan?

The complete process — from initial application to trade licence issuance — typically takes 2–5 business days. Adding visa processing and bank account opening, the total timeline is approximately 12–22 business days.

Can a foreigner own 100% of a Real Estate Development company in Meydan Free Zone?

Yes, Meydan allows 100% foreign ownership with no requirement for a local partner or sponsor. This is one of the key advantages of establishing your business in this jurisdiction.

What are the tax implications for a Real Estate Development business in Meydan Free Zone?

The UAE introduced a 9% corporate tax on profits exceeding AED 375,000 (effective June 2023). Free zone companies like those in Meydan may qualify for a 0% corporate tax rate on qualifying income, provided they meet the substance requirements and do not conduct business with the mainland. There is no personal income tax in the UAE. VAT at 5% applies to most goods and services.

How long does it take to get a Real Estate Development licence in Meydan?

The typical processing time for a real estate development licence at Meydan is 2 business days, subject to document completeness and any regulatory approvals. As a regulated activity requiring RERA approval, additional time of 1-3 weeks may be required.

Is Meydan Free Zone good for real estate development start-ups?

Meydan is one of the most start-up-friendly jurisdictions in the UAE, offering competitive pricing and prestigious meydan address. Flexible office solutions starting from AED 4,000 per year help keep initial overheads manageable.

What documents do I need to set up a Real Estate Development business in Meydan?

The standard documents required include: passport copies of all shareholders, passport-sized photographs, a completed application form, a business plan or activity description, and proof of address. As a regulated activity, you will also need to provide professional qualifications or certifications required by RERA. IBA handles all document preparation and submission on your behalf.

Free ZoneReal EstateRegulated Activity

Real Estate Development in Meydan

Starting From

AED 9,950

Setup Time

2 Business Days

Visa Quota

3 Visas

Location

Dubai

About Real Estate Development

The UAE continues to attract Australian entrepreneurs seeking to tap into the Middle Eastern market, and Meydan is one of the most popular jurisdictions for real estate development operations. Growing Australian business community (~25,000), which means you will find an established support network, community events, and nationality-specific resources to help your business thrive.

Operating from Meydan Free Zone gives your Real Estate Development business access to Dubai's world-class infrastructure, including modern office facilities such as flexi desk, shared office, private office and excellent connectivity. As a regulated activity, you will need approval from RERA before commencing operations, but IBA's team handles this process seamlessly on your behalf.

IBA International has been helping entrepreneurs set up real estate development businesses in Meydan Free Zone since 2004. Our team of incorporation specialists will guide you through every step, from initial consultation to licence issuance and bank account opening, ensuring a smooth and efficient setup experience.

Why Meydan for Real Estate Development?

Choosing Meydan for your real estate development business comes with a host of strategic advantages that directly impact your bottom line and growth potential.

The jurisdiction offers competitive pricing, which is particularly valuable for real estate development operations. Additionally, prestigious meydan address ensures that your business remains competitive in the regional market. As a free zone entity, your business enjoys complete repatriation of profits and capital, with no currency restrictions on transactions. Office solutions start from AED 4,000 per year for a flexi desk, making it accessible for businesses of all sizes. The standard licence includes a visa quota of 3 residency visas, with options to increase this number as your team grows. Fast setup process further enhances the appeal of Meydan for real estate development professionals. Furthermore, 100% foreign ownership positions your real estate development business for long-term success in the region. With Dubai continuing to invest in infrastructure and business-friendly regulation, Meydan remains an excellent choice for both start-ups and established real estate enterprises looking to expand into the Middle East and North Africa region.

For Australian nationals specifically, the Dubai government has fostered a business-friendly environment with streamlined processes that cater to the large Australian business community.

Competitive pricing

Prestigious Meydan address

Fast setup process

100% foreign ownership

Growing free zone community

Visa Requirements for Australian Nationals

Australian nationals can enter the UAE visa-free for 30 days. For business setup, a residence visa is processed after company incorporation. Once your real estate development licence is issued by Meydan, IBA will process your residence visa application, Emirates ID, and medical fitness tests. The entire process typically takes 7–14 business days from licence approval to visa stamping.

Banking for Australian Business Owners

Australian nationals generally experience smooth corporate bank account opening. Commonwealth banking standards are recognised by UAE banks. For your real estate development business in Meydan, IBA recommends opening a corporate account with a bank that has experience serving Australian business owners. We will prepare your banking file including the trade licence, shareholder documents, business plan, and any Australia-specific attestations required.

Document Attestation for Australian Nationals

Australian nationals setting up a business in the UAE will need to attest certain documents through Australian Department of Foreign Affairs and Trade. This typically includes your passport copy, educational certificates (if applicable for real estate development), and any existing business documents. The attestation must then be verified by the UAE Embassy in Abu Dhabi before submission to Meydan.

Requirements & Documents

1Valid Australia passport (minimum 6 months validity)

2Documents attested by Australian Department of Foreign Affairs and Trade

3UAE Embassy attestation from Abu Dhabi

4Completed application form for trade licence

5Proof of residential address (utility bill or bank statement)

6Passport-sized photographs with white background

7Relevant industry experience documentation

8Proposed company name (2-3 alternatives)

Regulatory Note: Real Estate Development is a regulated activity in the UAE. Additional approval from RERA is required. IBA can guide you through the full regulatory process.

Cost Breakdown

Item	Cost (AED)
License Fee	9,950
Visa Package (per visa)	4,000
Flexi Desk	4,000
Shared Office	8,000
Private Office	20,000
Estimated Total (Year 1)	From AED 17,950

* Costs are indicative and subject to change. Contact IBA for a personalised quote.

Setup Timeline

Consultation

Free consultation with IBA to discuss your real estate development business plan and the best Meydan licence options for Australian nationals.

Document Preparation

Prepare and attest all required documents from Australia through Australian Department of Foreign Affairs and Trade and the UAE Embassy.

Licence Application

Submit the real estate development licence application to Meydan. IBA handles all paperwork and government interactions.

Trade Licence Issued

Receive your official Meydan trade licence within 2–5 business days.

Visa Processing

Process your UAE residence visa, Emirates ID, and medical fitness. Australian nationals can enter the UAE visa-free for 30 days.

Bank Account

Open a corporate bank account. Australian nationals generally experience smooth corporate bank account opening.

Start Operations

Your real estate development business is ready to operate in the UAE. IBA provides ongoing PRO, accounting, and compliance support.

Total estimated time: 2 business days. IBA handles the entire process end-to-end so you can focus on your business.

Frequently Asked Questions

Yes. Meydan allows 100% foreign ownership for all nationalities, including Australian nationals. No local sponsor or partner is required.

Real Estate Development in Other Jurisdictions

SHAMS

From AED 6,150

RAKEZ

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DIFC

From AED 12,000

Abu Dhabi DED

From AED 10,000

JAFZA

From AED 16,000

Dubai DED

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DMCC

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IFZA

From AED 11,750