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Why property investors must look beyond the talk of doom and gloom

The number of investors continues to tick up and there has been far fewer cases of developer defaults The hand-wringing continues unabated. Despite the fact that now throughout the year, there has been a steady uptick in transactions, analysts (against the background of an economy that has proven resilient to the economic concerns) would now…

5 locations that offer cheapest rents in Dubai

Suburban communities offer better value for money, allowing tenants to save on their current lease. The updated Dubai Rental Index announced on Saturday will bring welcome relief to cash-strapped tenants. For those who may have been paying inflated rents, this is their chance to renegotiate with landlords and bring their rents down to the market…

VAT in UAE: Key facts on real estate

VAT is set to be introduced from January 2018 in the UAE The UAE will start implementing a value added tax (VAT) rate of five per cent from January 1 2018, and businesses in the first phase can start now registering on the website of the Federal Tax Authority (FTA). As the real estate sector…

Guaranteed returns on off-plan are too good to be true

Guaranteed return on investment is a frequent inclusion in recent off-plan marketing by developers in the UAE as they seek to set themselves apart in enticing investors where interest may otherwise wane. Such offers certainly attract attention, however, where one is contemplating investment solely on the basis of such an assurance, it may be useful…