One of the key advantages of purchasing property in Dubai is the absence of traditional taxes typically associated with real estate transactions. In Dubai, there is no income tax or inheritance tax on property. However, it’s important to note that foreign investors may be subject to income tax from their country of residence if they are not Dubai residents. Nevertheless, it is crucial to be aware of...
Real Estate
Dubai’s real estate sector is poised to receive a significant uplift from the $35 billion airport development. According to a prominent figure in the property industry, the time to invest is now to capitalize on maximum gains. The Dubai real estate sector will see a major boost from the expansion of Al Maktoum International Airport, according to W Capital. The real estate brokerage said...
The iconic development known as Palm Jumeirah was announced in 2001. The first residential homes were available to purchase in 2004 and handovers of the completed properties commenced in 2006. This was the first project of its kind in the world and is the largest island constructed by reclaimed land. If you were one of the astute investors that purchased from the developer Nakheel at launch you...
UAE real estate: Ohana development announces new luxury Elie Saab Waterfront residences in Abu Dhabi
Phase one of Elie Saab Waterfront has already sold out, signaling high demand for premium property in Abu Dhabi. Ohana Development, in collaboration with Metropolitan Capital Real Estate (MCRE), is introducing the Elie Saab Waterfront, the first branded residential tower on Al Reem Island in Abu Dhabi. With 174 units ranging from AED2 million to AED45 million, the development has already sold out its...