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Quick answer
If your IFZA (Dubai Silicon Oasis) company’s licensed activity involves real estate — buying and selling, brokerage, project development or investment — IFZA requires your liquidation report to explicitly state that the company holds no assets, meaning no property or real estate under its name, as at the liquidation date. A generic “no assets and liabilities” line may not be enough for a real-estate-activity company — the authority wants an explicit confirmation before it strikes the company off. And note: IFZA can request the original signed liquidation report for review at any time, so it must be accurate and on hand.
Closing an IFZA company usually turns on a clean liquidation report confirming the company is wound down with nothing left to settle. For most companies a standard “no assets and no liabilities” statement does the job. But when the licensed activity is real estate, IFZA looks harder — and it wants the point made explicitly.
The extra requirement
Real estate activity → an explicit “no assets” statement
Where the trade licence shows a real estate activity — real estate buying and selling, brokerage, project development, or investment — IFZA has flagged that the liquidation report must explicitly state that the company holds no assets under its name. In practice that means the report needs to say, in terms, that there is no property or real estate owned by the company as at the liquidation date — not just a general line that there are no assets and liabilities.
Why the extra care
A real estate company could plausibly own property
The authority wants it spelled out
The reason is straightforward: a company licensed for real estate could realistically hold property — an asset that would have to be dealt with before the company can be struck off. So before deregistering it, the authority wants an explicit confirmation that no such asset exists, rather than inferring it from a blanket statement. For a real-estate-activity company, “no assets” has to be said clearly and specifically.
What to include
What the report should state
- An explicit statement that the company holds no assets — including no real estate or property — under its name as at the liquidation date.
- The liquidated statement of affairs showing nil assets and liabilities, signed by the authorised signatories.
- The shareholders’ confirmation that any claims arising after liquidation will be settled by them in their personal capacity.
- The auditor’s standard confirmation that the financial statements give a true and fair view.
If there actually is property
You can’t declare “no assets” if there are assets
Deal with any property first
The explicit statement only works if it’s true. If the company does hold real estate or any other asset, that must be sold, transferred or otherwise dealt with before liquidation, and the report must reflect the real position. A liquidation report has to represent the company’s genuine state of affairs — so the no-assets statement is a reflection of reality, not a formality to tick.
Keep it ready
IFZA can ask for the original at any time
IFZA has also noted that additional documents — including submission of the original signed liquidation report for review — can be requested at any given time. So the signed original should be accurate, complete and readily available throughout the process, not just filed and forgotten. Getting the wording and the statement of affairs right the first time avoids a request that stalls the cancellation. (For who prepares and submits it, see our note on who submits the IFZA liquidation report.)
Closing a real estate IFZA company? We’ll draft the report IFZA expects.
As MoE-approved auditors, we prepare your IFZA liquidation report in the required format — with the explicit no-assets statement real-estate-activity companies need — and keep the signed original ready for any IFZA review.
Related reading
Who submits your IFZA liquidation report to IFZA? →Shareholder funds vs revenue at liquidation →Related Fastlane services
FAQ
Why does a real estate IFZA company need a special liquidation report?
Because a company licensed for real estate could realistically own property, IFZA requires the liquidation report to explicitly state that the company holds no assets — including no real estate — under its name. The authority wants an explicit confirmation before striking the company off, rather than inferring it from a general no-assets statement.
Is a general “no assets and liabilities” statement enough for a real estate company?
For a real-estate-activity company, generally no. IFZA has flagged that the liquidation report must explicitly state there is no property or real estate owned by the company as at the liquidation date, not just a blanket line that there are no assets and liabilities. The point has to be made clearly and specifically for the activity.
What must the liquidation report state for a real estate company?
An explicit statement that the company holds no assets, including no real estate or property, under its name as at the liquidation date; the liquidated statement of affairs showing nil assets and liabilities, signed by the authorised signatories; the shareholders’ confirmation that any later claims will be settled in their personal capacity; and the auditor’s true-and-fair-view confirmation.
What if the company actually owned property?
Then you cannot declare no assets. Any real estate or other asset must be sold, transferred or otherwise dealt with before liquidation, and the report must reflect the real position. The no-assets statement only works if it is genuinely true — a liquidation report has to represent the company’s actual state of affairs, not a formality.
Can IFZA request the original liquidation report later?
Yes. IFZA has noted that additional documents — including submission of the original signed liquidation report for review — can be requested at any given time. The signed original should therefore be kept accurate, complete and readily available throughout the process, so a later request does not stall the cancellation.
Does the explicit no-assets requirement apply to every IFZA company?
It is particularly relevant where the licensed activity is real estate, which IFZA specifically flags. Companies in other activities still need a proper liquidation report confirming their true position, but for real-estate-activity companies the report must go further and state explicitly that no property or other asset is held under the company’s name.
General guidance on IFZA liquidation reports for real-estate-activity companies, current as of September 2026; not legal advice. IFZA’s requirements are set by IFZA/DSO and confirmed at the time of liquidation, and may vary by case and change. Confirm your position with us or IFZA before acting.