You may have already heard that you don’t have to pay income tax when you resell real estate. The yield on local real estate can reach 10% per year, while in London and New York, it does not exceed 4–5%.
In the business world, where cultures and laws vary from country to country, it is important to study labor rights aspects in detail, especially when doing business in countries with unique laws. In this article, we will look at the labor rights of workers in Dubai and the United Arab Emirates (UAE).
Often those who are going to buy a studio or a small apartment in a new building believe that “free planning” from the developer is carte blanche for any changes, and approval is not required for this.
We tell you how you can immerse yourself in one of the most popular, interesting, and profitable professions in the UAE. Do you want to be a realtor?
The Emirate of Ras Al Khaimah is becoming one of the most popular tourism and investment destinations in the Middle East.
Throughout last year, there was a boom in the real estate market in Dubai and the entire United Arab Emirates (UAE). The rise is easy to follow by the numbers: in 2019, just over 36,000 real estate transactions were concluded in the emirate, in 2021 – 54,000, and 2022 – 86,000. The total amount of transactions amounted to $56.5 billion, which is 80% higher than the same figure in 2021.
A steady flow of wealthy clients ensures high demand for real estate in Dubai, especially in the prestigious segment. The reasons for Dubai’s attractiveness are numerous. Firstly, the country is the world’s largest transport hub for global imports and exports, from Europe to Asia. The ideal location in the region ensures efficient and profitable planning of logistics flows. You can cross two-thirds of the planet in eight hours by plane from the Emirates, and the country has some of the busiest shipping and airports in the world.
The journey of investors in Dubai often involves navigating through challenging mistakes arising from practical situations in a market marked by its diversity. Understanding the intricacies of property ownership is crucial, including different statuses such as freehold, 99-year leasehold for specific locations, and properties inaccessible to foreign investors.
Ras Al Khaimah, the Northern Gem of the UAE, emerges as a prime destination for real estate investors. With burgeoning development, the emirate presents lucrative investment prospects, attracting both local and international interest.
Dubai, one of the most impressive cities globally, is renowned for its unique projects, and Palm Jebel Ali stands out as one of the largest artificial islands with grand prospects. The new palm-shaped island aspires to replicate the success of Palm Jumeirah, which has become an integral part of the city’s landscape. Let’s delve into the details of this exciting project.
In recent years, Dubai’s real estate market has witnessed significant development, setting remarkable records that have given rise to both positive and negative myths.
Buying a private island in Dubai is a luxury that only the wealthiest people in the world can afford. It can become a vacation spot, an investment, or even a business project. However, before you start purchasing, you need to make sure that it is the right choice for you.
What kind of sea in the UAE interests everyone who goes on vacation to this country? It is located on the Arabian Peninsula, in a northeast direction.
Today, as we look at Dubai, which is a global financial and cultural hub, it is hard to imagine that only 50 years ago it was an unnoticed fishing village. Today, Dubai attracts tourists from around the world and it is home to the richest people on the planet. But how did this small village become a luxurious metropolis? And why is Dubai’s success unrelated to oil?
Information on women’s health in Dubai: reproductive health services, cancer diagnosis and treatment, mental health. Health insurance, availability of services.
Long-term and short-term contracts between the lessee and the lessor are concluded without third-party witnesses and guarantors. Let’s compare the advantages and disadvantages of daily and long-term rental apartments in Dubai.
Real estate investment is a reliable way to save and diversify savings, and the UAE remains one of the most popular destinations for such investments.
The UAE has an unspoken «tax paradise» status among entrepreneurs around the world: there can be zero taxes on profits, real estate, capital gains, and income of individuals.
Legislative aspects, the stability of the economy and the region’s security, location, ways of doing business, and cultural norms – when buying property in the UAE, it is essential to notice many non-obvious factors.
The state creates comfortable conditions for entrepreneurs: low taxes, support for the business community, and the legalization of cryptocurrency. The UAE easily accepts emigrants: according to UN data for 2023, about 88% of the population…
The Emirate is taking major strategic steps to diversify its economy, aiming to increase the flow of people, companies, and investments.
There are different sockets in Dubai. For a trip, you should also have the right travel adapters and rice plugs in the luggage.
In Emirate Dubai, everything is perfectly air-conditioned and as a tourist, you do not need to be afraid there that you have to sweat. Where this is exactly what we will describe here. There is a lot to consider.
Rixos The Palm Dubai is located on the man-made island of The Palm Jumeirah. The location is unique there at the eastern end of the outer ring of the island and is therefore perfect for a beach holiday.
There is an Arabic proverb: “Who lives sees, but who travels sees more.” Travel is eye-opening. You taste new flavors, have new experiences, meet new people and perspectives, and make new memories that will stay with you for the rest of your life and make it more colorful. We think you should definitely put the United Arab Emirates on your bucket list of travel destinations, and Dubai in particular. Here are just 10 reasons why Dubai really is worth it.
All-inclusive boarding in Dubai is offered by many hotels, but it is still an exception. We would like to summarize here what is best for tourists.
Here are 12 tips to keep in mind when using a taxi in Dubai. This is still the best and cheapest means of transport in the city to use.
Since Dubai is a city-state, the capital of the same name is also located there. That means there is no other city in this emirate where you could spend a vacation. What is the capital…
The price of petrol is very cheap in Dubai and if you have a rental car it is definitely worth it. You can save a lot of money on the trip, which you can imagine.
The United Arab Emirates consists of a total of seven emirates. These are Dubai, Abu Dhabi, Ras al Khaimah, Ajman, Fujairah, Sharjah and Umm Al Quwain.
