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dubailandlords

Why developers must add green spaces to projects

Research suggests that access to green urban spaces improves physical and mental health. Global studies have indicated that people live happier and healthier lives when they have access to green spaces. When planning a city, it is vital for the well-being of its urban inhabitants to be able to relax and unwind in a tranquil…

DLD, Cityscape sign MoU

DLD Cityscape

Dubai Land Department (DLD) on Sunday announced a Memorandum of Understanding (MoU) with Informa Middle East, organiser of the region’s biggest property event, Cityscape. The agreement aims to focus its efforts on promoting Dubai as an attractive regional and international investment destination, and strengthening its position as a prime investment hub. It will also highlight…

Tax impact on tenants is more psychological

Vat on Tenants

The year began with the implementation of a landmark policy by the UAE government — the introduction of value-added tax (VAT) at a rate of 5 per cent. Halfway through the year, it bears reviewing to see how VAT has affected the real estate sector. The answer to that is — marginally. The issue of…

Dubai property owners have to adjust to higher FM rates

Dubai property owners have to adjust to higher FM rates

As peak summer is upon us, so too are the calls for the maintenance of the air-conditioning and the water tanks and the like. This is invariably the time of year when the domestic housing infrastructure comes under the most pressure. As properties age, this is also the time when avoidance of proper maintenance starts…