With the rapid growth of inflation, the question of how not to lose your savings and where to invest them becomes especially relevant. One of the most popular options for saving money is investing in real estate.
We welcome all entrepreneurs and those dreaming of starting a business in the United Arab Emirates. Today, we want to share important information about tax incentives for businesses in Free Economic Zones (FEZs) in Dubai and other regions of the UAE.
Many entrepreneurs consider the UAE an ideal location for business development due to its favorable tax policies. However, significant changes in standard tax procedures have occurred since the beginning of last year.
Projections indicate that the real estate market in Dubai will persist in its development and consolidation in 2024. In recent years, the emirate has made significant investments in infrastructure enhancement and the diversification of its economy, rendering it an attractive hub for business and tourism. Consequently, demand for real estate in Dubai remains buoyant, particularly for commercial and residential properties in prime areas.
According to Forbes, we looked at three of the richest individuals in the UAE. In this article, you will find out who they are and how they accumulated their impressive fortunes.
Are you running a business in the UAE but postponing accounting? You shouldn’t. Incorrect accounting can result in fines, account blocking, business suspension, and even a ban on operations in the UAE. However, with proper accounting practices, significant savings can be achieved. Professional bookkeeping can decrease company costs and boost revenue. And no, we’re not referring to illegal practices that could lead to penalties in the UAE.
The choice between Dubai and Oman has confronted many investors lately, so let’s figure it out.
Despite popular belief, Dubai’s economy is somewhat dependent on the oil industry. During the period from the 1960s to the 1990s, oil did contribute significantly to the city’s coffers, but most of its revenues were invested in economic development. One of the main areas of investment was trade, which to this day remains the most important source of financial well-being in Dubai.
+30 % business growth. In the first quarter of last year, the number of business licenses in Dubai increased by 30%.
Today we would like to share important information about the business licensing process in the UAE. This stage is key when starting a business in this country, and a competent understanding of all aspects of licensing can greatly facilitate your task. Keep in mind that having a license will allow you to conduct business activities in the Emirates following the law.
Today we suggest looking at this issue from a different perspective: let’s look at the benefits of working with an agency when buying and selling real estate in Dubai.
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.
We extend our welcome and are excited to present our latest analytical review. Bloomberg recognizes the Dubai market as one of the most promising and accessible globally. Dubai currently holds the fourth position in luxury housing offers. Russian investors took the lead in real estate acquisitions, spending over 800 billion rubles last year, according to expert estimates.
Dubai is known for its unique architecture, sophisticated lifestyle, and vibrant economy. Many people dream of purchasing real estate in this amazing place. However, when taking such an important step as buying land, various factors need to be taken into account. In this article, we will look at what you should pay attention to when purchasing a plot of land in Dubai.
When exploring listings on the secondary market in Dubai, you may come across apartments priced as low as 1.1 million. However, their diverse characteristics, including location, size, floor, or window view, could be decisive factors. Therefore, while the price may seem low, the overall cost per square foot and available options may turn out to be higher.
In the fiscal year 2022-2023, Dubai witnessed an unprecedented surge in its real estate market, with a staggering 80% increase in property transactions compared to the previous year. The total sales volume surpassed an impressive $57 billion.
In 2002, the landscape of Dubai’s real estate underwent a significant transformation when the government of the United Arab Emirates granted foreign citizens the right to own property in Dubai. This move initiated a construction boom that attracted investors from all over the world. With the market recovering from the COVID-19 pandemic in 2022, the demand for real estate has increased significantly, with the weighted average price per square foot increasing by 10.26%, reaching AED 1,019.
Surprisingly, the most popular method of renting property in Dubai at the moment is off-plan leasing. How does this process work?
For individuals keen on generating passive income through long-term investments, apartments stand out as a lucrative bonus on the investment landscape. This property attracts with its cost and faster payback.
Dubai is a city that attracts people from all over the world with its modernity, diversity, and high standard of living. Many people want to buy property in Dubai, and in this article, we will tell you how to do it.
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.
More and more people are considering real estate in Dubai as an opportunity for permanent residence, vacation or profitable investment. One of the most pressing issues is the cost of apartments in Dubai.
In times of crisis, Dubai has become an island of stability for rich people from different countries. According to Google Destinations Insight, Dubai is second only to London in popularity, ahead of Paris and New York. The UAE currency, the dirham, is pegged to the dollar and is stable.
Discover the advantages of investing in Dubai’s luxury real estate market, which offers a wide range of properties from chic city apartments to elegant beach villas, with enormous return opportunities.
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.
