Planet Tax-Free and the Federal Tax Authority (FTA) of the United Arab Emirates have launched a paperless tax refund service for tourists. The FTA and Planet Tax-Free presented the new tourist tax refund program on September 14. The new strategy employs a digital platform along with registered till systems and is paperless. All visitors need to do to complete their transaction is scan their...
In the first half of 2022, the number of high-net-worth individuals in the emirate of Dubai increased by 18%, ranking it as the 23rd most popular destination worldwide for ultra-wealthy residents. The city's HNWI population increased to 67,900, up from 54,000 in June of last year, according to a study by New World Wealth, a research firm that tracks the wealth and travel of millionaires,...
The Green Visa is one of the visa options that the UAE is getting ready to provide as part of a new immigration system that will go into effect on October 3. But how is this visa different from the Golden Visa? Despite the fact that both visa systems offer UAE citizens other options for residency, there are some noticeable similarities and variations between them. For instance, without the help of a...
The week ending September 9, 2022 saw a total of AED9.4 billion in real estate and property transactions, according to information from the Dubai Land Department. 2,594 transactions were totaled. 871 flats, villas, and plots were sold for a combined AED 946.55 million and AED 3.92 billion. Sale of land in Island 2 for AED 46.5 million, sale of land in Al Barsha South Third for AED 26 million, and...
The Emirate of Sharjah carried out real estate transactions of AED 2 billion in August 2022, according to the monthly data from the Sharjah Real Estate Registration Department. (SRERD). The (SRERD) completed 2,409 transactions throughout the course of the previous month, with 747 of those transactions, or 31% of the total, being sales transactions. More than AED 710 million was spent on 303 mortgage...
The first specialized e-commerce free zone in the Middle East, North Africa, and South Asia region, Dubai CommerCity (DCC), is experiencing strong demand for office space, with a sizable portion already leased up, according to a senior official on Wednesday. "The demand for offices is huge. We have already rented over 65% of the available space, and we anticipate rising demand. We will receive a total...
The real estate and property market in Dubai had 2,593 transactions worth AED7.4 billion during the week ending September 2, 2022, according to data from the Dubai Land Department. The statistics show that 320 plots sold for AED1.75 billion while 1,720 flats and villas were sold for AED3.55 billion. The top three transactions involved the sales of land in Saih Shuaib 3, Island 2, and Saih Shuaib 4...
According to the Sharjah Investment and Development Authority (Shurooq), the development of the Kalba Waterfront, the largest retail and first all-inclusive waterfront destination in Sharjah, has reached 100% completion, and the interior design of the residences is almost complete. In Q4 2022, "Eagle Hills Sharjah Development," a joint venture between Shurooq and Eagle Hills, plans to welcome guests to...
The 25,208 square foot five-bedroom triplex penthouse has two private pools and terraces, a private elevator, a sky garden, and floor to ceiling windows with 360-degree views of the Arabian Sea and Palm Jumeirah. Atlantis The Royal Residences on the Palm Jumeirah's largest penthouse has sold for Dh163 million. The largest penthouse on the Palm was sold by the upscale real estate brokerage...
Due to their energy and distinctive lifestyle options for rent, Dubai Marina, Downtown Dubai, and Business Bay will be the most sought-after neighborhoods in Dubai in 2022 for residents. The other most frequently searched regions in the emirate include Palm Jumeirah, Jumeirah Village Circle, and Jumeirah Lake Towers, according to the most recent statistics from Property Finder. (rent) "Dubai Marina...
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