Dubai came out on top in terms of the number of branded residential complexes among cities in Europe, the Middle East and Africa. London is in the second place of the rating with a strong lag. Notable projects include Bugatti residences, also known as Sky Mansions. This is a residential complex, a penthouse in which […]
The Floating Seahorse project is due to be completed in Dubai by the end of 2023. These are “floating villas” with underwater floors. In total, the project includes 131 three-storey villas. In each villa, one floor is under water. The area of each villa is about 372 m2, on which there are, among other things, […]
PRICES AND TAXES There is no income tax in the UAE. Since June 1, 2023, the country has introduced a corporate tax, which will take effect from the next fiscal year and is 9%. This generally requires the payment of this low tax, though not always — it is levied on profits exceeding AED 375,000 […]
Dubai: Three of Abu Dhabi’s biggest organisations – Aldar, IHC and ADNEC – are merging their property and facilities management operations under the Aldar Estates banner. As part of the agreement, Eltizam Asset Management Group – which is jointly owned by IHC and ADNEC Group – will join Aldar Estates Over the past 12 months, […]
Dubai: Are you a new resident to the UAE? With plans to buy a property at the first opportunity rather than rent? Banks in the UAE are slowly starting to realise the potential these newcomers to the country could offer when it comes to expanding their mortgage books. “Because mindsets are changing when it comes […]
Dubai: Dubai emerges as the world’s busiest $10 million-plus market, with 176 high-end home sales in the first-half of 2023. According to Knight Frank’s latest analysis, prime neighborhoods like Palm Jumeirah and Emirates Hills dominate sales, accounting for 63 per cent of $10 million-plus transactions. Average sales prices stand at $16.5 million. “Furthermore, with 176 […]
