Dubai is stepping up its infrastructure game with a massive AED 6 billion ($1.6 billion) investment in road upgrades across 15 key communities. The newly signed agreement between the Roads and Transport Authority (RTA) and Dubai Holding is set to revolutionize city commutes, reduce congestion, and boost property values. If you live, invest, or commute […]
Dubai’s real estate market has hit a historic milestone, surpassing AED100 billion ($27.2 billion) in property sales faster than ever before. By March 4, 2024, real estate transactions reached this record-breaking figure, well ahead of last year’s benchmark on April 11. The first two months of 2024 alone saw AED94.8 billion ($25.8 billion) in sales […]
In Dubai’s ever-evolving real estate market, compliance with tax regulations is a fundamental responsibility for both buyers and sellers. One critical aspect of property transactions is the payment of the 5% Value Added Tax (VAT), as mandated by the Federal Tax Authority (FTA). At Prop Shop Global Real Estate, we specialize in guiding clients […]
