Doo Group Successfully Acquired Two Dubai Property Companies Registered Under Dubai Real Estate Regulatory Agency (RERA)

We are thrilled to announce that Doo Group has successfully acquired two Dubai property companies registered under, Dubai Real Estate Regulatory Agency, with Dubai Multi Commodities Centre (DMCC) license (License no: DMCC-298623) and Dubai Department of Economy and Tourism (DET) license (License no: 1172628). This represents Doo Group has officially ventured into Dubai’s property market, thereby providing global clients with more diverse investment opportunities. 

This also marks an important milestone for Doo Group in expanding its global presence and effectively consolidating the group’s leading position in Dubai’s property market. 

A Comprehensive Global Financial Ecosystem Under the Supervision of Top-tier Regulatory Bodies 

Dubai Real Estate Regulatory Agency (RERA) is the regulatory body which supervises and regulates the property development escrow account. It certifies the financial organization which fulfilled the requirements to manage a property development escrow account, and authorized the regulations involving property development management, brokerage, and management etc. 

With the integrated regulatory and monetary policy system, they are dedicated to giving impetus to the development of Dubai’s property industry. 

After attaining the licenses, Doo Group can provide property management supervision services and property trading and rental brokerage services at DMCC and Meydan Free Zone. This not only further refined Doo Group’s global presence, it also brings about a new stream of development opportunities to the wealth management business under the company, further enhancing the group’s financial ecosystem. 

Huge Development Opportunities in Dubai’s Property Market 

Dubai, being the financial, economic and trading hub of the Middle East, has attracted investors and corporations from all around the world to trade and invest in the country with its unique geographical location and flourishing business environment. This has provided the property market with diverse needs and investment opportunities. 

Besides, Dubai’s property market practices an open policy, and it has a clear-cut land registration mechanism to protect investors’ property ownership rights. Moreover, property buyers are only required to pay 4% of the property value for the land registration fee*, and they are not required to pay the value-added tax (VAT), property tax, and inheritance tax. Aside from that, most of Dubai’s properties are freeholds, this means that investors’ wealth can be inherited in the future. 

Explore and Expand the endless investment opportunities in the property sector 

Next, we will be entering Dubai’s property market in search of the most potential and valuable investment opportunity for our clients. Property is one of the main arms of Doo Group’s wealth management brand, “Doo Wealth”. This acquisition activity will further expand Doo Wealth’s business range, providing clients with more investment opportunities suited to their diverse needs.  

Doo Wealth’s property segment includes these main businesses: 

• Property Development Services: These include the development of boutique villas, apartments, office buildings, hotels, commercial squares etc., with the focus on the development of green boutique villas. From land purchasing, design, supervision, building, and interior design up to the delivery and acceptance, we will provide our clients with a comprehensive one-stop service. 
• Property Management Services: To provide clients with one-stop rental management services, including rental services, repair, property management, tenant maintenance, and other services. Furthermore, we will provide solutions to the property owners which were unable to enjoy normal profits due to the language barrier, business environment, law enforcement, etc., ensuring your property investment in the United Arab Emirates (UAE) is well protected. 
• Real Estate Brokerage Business: The main businesses include the sale of forward-delivery houses and pre-owned houses, rental services, and more. These involve hotels, apartments, office buildings, warehouses, and many others. We are dedicated to providing our clients with an investment choice tailored to their needs.  

The successful acquisition of the two Dubai Property companies, and the attainment of licenses, not only signifies the continuous expansion of the group, but it also demonstrates Doo Group’s effort in refining the global financial services system.  

We will continue to cultivate the Dubai property market by providing professional one-stop real estate brokerage and investment services, while uncovering the additional value within Dubai’s real estate. At the same time, we will integrate the group’s diverse financial services, providing global clients with more customizable financial services solutions, fulfilling their goal of long-term wealth growth. 

*In the trading of properties, there may be agency fees, transfer of ownership charges, loans and other additional charges involved. For more information, please visit the official website of Dubai Land Department: https://dubailand.gov.ae/en 

About Doo Group        

Doo Group, established in 2014 and headquartered in Singapore, is an international financial services group with FinTech as its core. Operating through six major business lines, including Brokerage, Wealth Management, Payment Exchange, FinTech, Financial Education, and Health Care, Doo Group continually strengthens our financial ecosystem. We are dedicated to providing comprehensive financial services and innovative solutions to clients worldwide. Together, we embark on a journey to Explore α Better Future. 

Currently, the entities within Doo Group, according to their location and products, are regulated by many of the top global financial regulators, including, but not limited to the United States Securities and Exchange Commission (US SEC) and Financial Industry Regulatory Authority (US FINRA), United Kingdom Financial Conduct Authority (UK FCA), the Australian Securities & Investments Commission (ASIC), the Australian Transaction Reports and Analysis Centre (AUSTRAC), the Hong Kong Securities and Futures Commission (HK SFC), the Hong Kong Insurance Authority (HK Insurance Broker), the Hong Kong Companies Registry (HK Trust Company), the Hong Kong Customs and Excise Department (HK Money Service Operator), the Hong Kong Estate Agents Authority (HK EAA), the Malaysia Labuan Financial Services Authority (MY Labuan FSA), the Seychelles Financial Services Authority (SC FSA), Mauritius Financial Services Commission (MU FSC), and the Vanuatu Financial Services Commission (VU FSC). Doo Group has entities operating in various global locations, including Dallas, London, Sydney, Singapore, Hong Kong, Dubai, Kuala Lumpur as well as other regions. 

For enquiries and further information, please contact us: 

Official Website: doo.com 

Hong Kong: +852 2632 9557 

Singapore: +65 6011 1736 

Email: [email protected] 

Forward-looking Statement   

“Forward-looking” Statements
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Doo Group has provided these forward-looking statements based on all current information available to Doo Group and Doo Group’s current expectations, assumptions, estimates, and projections. While Doo Group believes these expectations, assumptions, estimations, and projections are reasonable, these forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond Doo Group’s control. Such risks and uncertainties may cause results, performance, or achievements materially different from those expressed or implied by the forward-looking statements. 

Doo Group does not provide any representation or warranty on the reliability, accuracy, or completeness of such statements. Doo Group is not obliged to provide or release any updates or revisions to any forward-looking statements. 

Risk Disclosure   

This article is for information purposes only and should not be construed as investment advice. Doo Group does not make any representations or warranties regarding the accuracy or completeness of the information provided. 

Please make sure you read and fully understand the risks of the products or services described in this article before engaging any transaction with us. You should seek independent professional advice if you do not understand the risks disclosed herein. 

Disclaimer   

This information is addressed to the general public for informational purposes only and should not be taken as investment or professional advice, recommendation, offer, or solicitation to buy or sell any products mentioned here. The information displayed here has been prepared without any reference or consideration to any particular recipient’s investment objectives or financial situation. Any references to the past performance of a product shall not be taken as a reliable indicator of its future results. Doo Group makes no representations or warranties regarding the information displayed here and shall not be liable for any direct or indirect loss or damages incurred by the reader as a result of using the information provided.