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Renting of Residential Units on Time-Sharing Bases

Description

​Includes firms specialized in offering furnished flats and cabins in residential resorts and commercial complexes for rent on time-sharing bases. It also includes making renting available on membership bases.

Required Documents

Parties:

  • All nationalities:
  1. Banking guaranty of one million Dhs.
  2. Time-Share training course from Dubai real estate institute.
  3. Certificate of good conduct from CID for all parties from Dubai police.
  4. Expatriate partner or manager foreign must be sponsored under this license.
  5. Certificate of registration in a global organization
  6. Marketing properties in Dubai must provide title deed and completion certificate from official authority.
  7. Undertaking not to market any uncompleted project.
  8. Undertaking to not sell a single unit to more than 51 people.
  9. Letter to specify how many units will be used for time-share.

​Notes:
  • Obtaining permission from the promotion section in rera before marketing any project.
  • Registration the staff at the broker department and obtaining broker ID card.
  • No allowed to sell incomplete project.
  • Time-share units located in Dubai will be blocked in the land department
Service Procedures
Service Fee

​AED 25000 per year​ ​+ AED 10 as knowledge surcharge​​

Service Branches

​Trakheesi System

Related Services
Additional Information
Last updated 01/07/2019 10:38:01
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