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%.
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.
DAMAC Properties presents the luxury residential complex DAMAC Casa with favorable purchase conditions and return on investment. You should also pay attention to OMNIYAT, which presents the luxury residential complex Vela Viento.
The UAE became a federal state in 1971 with six emirates and a seventh joining a year later. The history of the UAE is characterized by rapid development; there is no other country in the world that has formed and developed into such a state in such a short time.
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.
Air Arabia is an Arabian low-cost airline. It is based in Sharjah, one of the seven United Arab Emirates. The airline was founded in 2003 by the Emirate’s Emir, Dr. Founded by Sheikh Sultan bin Mohamed al-Qasimi. It was the first low-cost airline in the entire Middle East. In 2009, she founded the subsidiaries Air Arabia Maroc based in Casablanca and Air Arabia Egypt based in Burg al Arab with local investors.
Jumeirah Golf Estates has made a significant contribution to the Emirate of Dubai becoming a world-renowned golf destination in recent years. The golf course with a total of four 18-hole championship courses is the “finest of the finest” that the Emirates have to offer in terms of golf.
2021 will be leaving us soon. Should we remind you about the most interesting articles that have been published on our website? Here everyone will find something interesting about luxury and wonderful Dubai.
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 Dubai Internet City is a free trade zone right next to the Dubai Media City. It is a technology park where well-known companies from all over the world such as Microsoft, Dell, Siemens, and many more have settled.
The currency of Dubai is the dirham, which is available in banknotes and coins. A dirham is divided into 100 fils and the currency is strongly pegged to the US dollar. So if you are on holiday in Dubai you have to pay in dirhams.
Gourmets are sure to get their money’s worth in Dubai – but they are also spoiled for choice: from Italian pasta to Japanese sushi to American steaks, almost every cuisine in the world is represented in the cosmopolitan metropolis.
The United Arab Emirates consists of seven states. Dubai is the capital of the emirate of the same name and is located on the Persian Gulf. With a population of 2.106 million, it is the largest city in all of the Emirates.
Israel’s Foreign Minister has officially visited the Emirates for the first time. While normalization is proceeding, it is stalling in other Abrahamic states.
Diver, skydiver, and falconer lover. He loves lions and white tigers. He’s a snowboarder and a poet, a fine rider, a repeated winner of horse competitions. He owns expensive cars and a yacht – Crown Prince of Dubai Hamdan bin Mohammed bin Rashid al-Maktoum.
Mariam al-Mheiri once studied mechanical engineering in Aachen. Now she is Minister of State for Food and Water Security.
Once to Mars – many nations consider this to be the accolade of space travel. Now a new player is entering the stage: The United Arab Emirates wants to conquer the red planet. The small country on the Persian Gulf plans to put its first probe into orbit.
Fujairah is a small Arab principality in the east of the Arabian Peninsula, one of the seven emirates of the British protectorate of Treaty Oman.
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.
There are many myths and legends about the emergence of pearls. According to one of the Emirati legends, the pearl is the daughter of the rain (Bint Al Matar’), which fell into the sink and turned into a pearl. The second legend states that the pearl is the daughter of the moon (Bint Al Qamar), which has fallen into the sink through the moonbeam. Whether from rain or from the moon a pearl is born, it is the most fascinating and not requiring processing of the jewellery of nature from ancient years to the present day.
If you want to start a company in Dubai, you have to consider a few essential points. In addition to Dubai, the United Arab Emirates (UAE) has six other emirates that have their own process…
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…
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…
