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Discounted ready homes hit off-plan sales in Dubai

Discounted ready homes hit off-plan sales in Dubai

Discounted ready homes hit off-plan sales in Dubai Surfeit of off-plan incentives are not working anymore Off-plan property transactions in Dubai are tapering off in comparison with last year. They are down 30 per cent year to date compared to the corresponding period last year. This could be because ready properties are trading at a […]

Dubai’s ready home sales play catch up

Dubai’s ready home sales play catch up

Dubai’s ready home sales play catch up Sales of these units hold up well compared to off-plan offerings Off-plan transactions in Dubai are down 30 per cent year to date compared to the corresponding period last year, according to figures released by consultancy firm GCP-Reidin. April saw 1,446 off-plan transactions, which was a significant improvement […]

Vacant commercial properties subject to VAT in UAE

Vacant commercial properties subject to VAT in UAE

Vacant commercial properties subject to VAT in UAE The off-plan sale of commercial properties under the building license is also taxable by 5 per cent. The Federal Tax Authority (FTA) and Dubai Land Department (DLD) have confirmed that the UAE’s recently introduced value-added tax (VAT) will have a limited impact on the real estate sector. […]


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