Dubai Hot Market: ‘Rightly-Priced’ Ready Homes Selling Fast Within a Month!
The ready property market in Dubai is experiencing a supply shortage due to an increase in end-users driven by rising rentals. While the off-plan sector leads the property market rally, there remains strong demand for ready properties, with well-priced units often selling within a month of listing. The supply issue is exacerbated by the influx…
UAE Grants 2-Month Grace Period for Residence Visa Violations: What You Need to Know!
The grace period will start next month, on September 1The UAE authorities have declared a two-month amnesty beginning September 1 for residence visa violators, offering them a chance to have their fines waived. This initiative aligns with the Federal Law on the Entry and Residency of Foreigners. During this grace period, violators will be free…
UAE Economy Set to Reach Dh3 Trillion Milestone
Abdulla bin Touq Al Marri, Minister of Economy, emphasizes the Ministry’s dedication to fostering innovation, creativity, and investment across all key economic sectors. The Ministry is actively shaping policies and legislation to support the new economic model and boost investment in crucial areas. Al Marri highlighted that the UAE is on a strong growth trajectory,…
UAE Unveils Fee Refunds for Tax Service Charges Starting August 1!
Under ‘private clarification,’ companies can submit a request to obtain additional details on one or more tax issues from the FTA Effective August 1, the Federal Tax Authority (FTA) announced that fees paid for “private clarification” of tax issues will be refunded in certain circumstances if no clarification is provided. Under the “private clarification” service,…
Dubai’s Best-Kept Rental Secret: Find Areas Where Rents Are Below the RERA Index!
Some Dubai Tenants Still Paying Below RERA Rental Index Rates, Industry Experts Suggest Industry experts report that certain tenants in Dubai are still paying rents below the RERA Rental Index rates. Following a surge in rental prices over the past three and a half years, the RERA index was updated in March to align rental…
DIFC Sees Number of Active Companies Surpass 6,000 for the First Time
DIFC’s 20th Anniversary Results Highlight Its Role in Shaping the Future of Finance Coinciding with its 20th anniversary, the Dubai International Financial Centre (DIFC), a Middle East-focused financial hub, has reported milestone results for the first half of 2024. These results reinforce DIFC’s growing role in driving the future of finance and reaffirm Dubai’s position…