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offices in Dubai

Dubai office market set to see demand boost from gov’t incentives – JLL

Dubai office
July 30, 2018 in News

The Dubai Government’s recent announcements to promote foreign investment and investor confidence is likely to boost demand in the city’s office market in the medium term, according to consultants JLL. Its latest report said the reduction in the fee charged on businesses by the Dubai Municipality from 5 percent to 2.5 percent and the relaxation…

Paying VAT on commercial property

commercial vat dubai
June 28, 2018 in News

Since the implementation of the value-added tax (VAT) in January, there have been numerous discussions explaining its effects on real estate. Commercial property transactions, both leases and purchases, are not exempt from VAT and both tenants and purchasers are obliged to pay VAT on either the rent or the purchase price. It is self-explanatory that…