Demystifying VAT in Dubai Real Estate
Navigating Value Added Tax (VAT) in Dubai’s dynamic real estate market can be tricky. Here’s a quick breakdown: Rates: The standard VAT rate is 5%. However, it’s a nuanced world: Commercial: Buying, selling, or leasing commercial property incurs 5% VAT. Think offices, warehouses, shops – they’re all subject to this rate. Residential: It gets interesting here. First-time sales or leases of newly built residential properties […]