Many people, having acquired a small capital, seek to invest it in purchasing an apartment for rent or subsequent resale. People who have accumulated more serious wealth prefer long-term investments in commercial real estate to diversify their assets and provide themselves with passive income.
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.
In recent years, the real estate market in the United Arab Emirates has experienced significant growth. However, not every offer merits attention. Let’s examine the drawbacks of the race for new developments.
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.
Over the past 50 years, few places on Earth have undergone as drastic a transformation as the United Arab Emirates.
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.
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.
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.
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.
The United Arab Emirates is an amalgamation of seven emirates on the Arabian Peninsula that have joined forces in a federation for better political and economic cooperation. Above all, the economic development, due to the rich oil reserves, makes the region an important political factor in the Middle East.
Over the past few years, the United Arab Emirates has established a State that can easily outperform even some centuries-old European countries. The UAE is located on the east coast of the Arabian Peninsula. In addition, its border in the east divides the territory of the Emirates and Qatar, and in west Saudi Arabia. With regard to water resources, the United Arab Emirates does not share one gulf, but two – the Gulf of Oman and the Persian Gulf. The Arab Emirates is divided into seven federations: Abu Dhabi (Abu Zaba), Ajman, Dubai, Ras al-Khaimah, Umm al-Qawain, Sharjah and Fujairah.
Thousands of school-leavers go abroad every year to pursue higher education. Recently, they have focused not only on the US and Europe but also on Asia and the Middle East. Eight universities in the United Arab Emirates are ranked among the best universities in the world by QS World University. There are also branches of international universities in the United States, the United Kingdom, and other countries.
The picturesque oasis village of Hatta with its museum village is located in the middle of a breathtaking landscape in an exclave of Dubai, from where a road leads through spectacular dunes to Hatta.
The United Arab Emirates is a country of modern cities and buildings that make you dizzy, for example, Dubai is home to the tallest building in the world with 162 floors. The 828-meter Burj Khalifa…
