Dubai today is one of the largest cities in the United Arab Emirates. In addition, Dubai is the UAE’s most important commercial and financial center, with an administrative center and deep sea port.
Since the beginning of 2022, real estate prices in the UAE mega-cities doubled, and demand exceeded supply. In the UAE, federal and regional taxes may differ and it depends on the emirate. The choice between the free zone and the rest of the territory depends on nationality, the company’s physical presence in the UAE, profit margins, the presence of exports, and its nature.
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.
Due to the favorable conditions, it is very tempting to invest in Dubai’s residential real estate market. Today we will tell you how to invest in UAE facilities and what to consider depending on the selected goals.
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…
Many consider Dubai the city of the future, and upon visiting the biggest city in the UAE, it’s evident that this statement isn’t an exaggeration. You’ll find the tallest building globally, the Burj Khalifa, the most extensive shopping center, and stunning fountains.
What else could attract investors besides remote transactions, 0% installment for up to 7 years, and no taxes?
Minimal taxes, quick payback, 5% per annum yield, great infrastructure, and high level – everything you can get for your investments in the UAE hotel business.
Today, the UAE stands as one of the most economically and politically stable regions globally, attracting significant investments, particularly in the real estate sector. Among the emirates, Dubai, renowned for its success and openness, has emerged as the primary point of attraction. Year after year, Dubai strengthens its position as the main business and tourist hub of the UAE. The real estate sector plays a vital role, constituting approximately a third of Dubai’s economy, and it has experienced an impressive quadrupling in market size over the past two years alone.
More and more people are drawn to the most populous of the seven United Arab Emirates. Over the past five years, more than 500,000 people have left their homes and moved to Dubai, leading to surpassing 3 million people for the first time in 2023. With over 90% of its population consisting of foreigners, Dubai is a meeting point for diverse cultures, making it easy to interact without fear of language barriers.
Jebel Ali is far from the center of Dubai. Known for the port, free trade zone and where there is also a nice hotel. This region of Dubai is currently still being heavily developed. A lot is being built. Al Maktoum International Airport is also nearby. This is to be expanded into the largest airport in the world.
Due to hardly any taxes, the cost of living in Dubai is very approachable and you can still reduce it if you want. In this article, you will learn exactly how to do this.
The emirate of Dubai is very rich and of course, the residents benefit from what you can imagine. Those who were born there can consider themselves lucky.
If you want to emigrate to Dubai, there is much important information that you should definitely know. This step must definitely be thoroughly planned so that you do not get any problems on-site.
The Dubai Air Show featured 150 aircraft, from drones to commercial airliners, and, of course, the endless battle between Boeing and Airbus became a classic confrontation between these giants of the aircraft industry.
The gigantic complex with the theme parks in Dubai is called Dubai Parks and Resorts. There are currently three theme parks and one water park. Then there is a beautiful outdoor area called Riverland.
The topic of Dubai taxes is not particularly interesting there. Because the emirate is considered a tax haven. But now a VAT has to be paid there too. There is also a bed tax for tourists.
Since January 1, 2018, the Dubai VAT of five percent has been introduced, which also has to be paid by tourists. Here you get useful information on what you need to know and which other taxes still have to be paid on site.
The special thing about Dubai is that it is a very modern and clean city. Furthermore, there is practically a weather guarantee and the sun shines almost every day.
When it comes to jewelry, Dubai is second to none. Firstly, historically Dubai is the birthplace of pearl divers. Secondly, the world’s largest Gold Bazaar operates here.
For many people, half-knowledge and prejudices instead of facts determine their image of Dubai. We present you with ten interesting facts about Dubai that you probably did not expect.
Always nice weather, a breathtaking skyline, and one of the tourist hotspots of recent years: Dubai has a lot to offer. Since the end of 2001, real estate in Dubai has also been sold to…