Activity Code

6499004

Activity Description English

Real Estate Development

Activity Group

Activity Sub-Category

Activity Type

Description

This refers to companies established for the development and founding of real estate projects which include housing and commercial complexes, tourism projects, and the development of the infrastructure and leisure facilities for such projects. It also covers the selling of the property or projects per the free hold ownership law of property whether owned by the license holders or another party through a contract signed between the developer and the land owner and registration of the contract in the Escrow Accounts Department ahead of the commencement of the project.

Freezone

Master Activity

Office Type

Non Package