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The number of hotel rooms in Dubai will increase to 13...

Dubai, UAE. The number of hotel rooms in Dubai will rise to 132 thousand by the end of 2019, according to a new study by the Department of Tourism and Commercial Marketing of the emirate. There it is noted that in the coming years, the hospitality sector expects a strong and steady growth: in 2019 the “number of days” will increase to 35.5 million …

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Top 5 countries to invest in real estate in 2019

The real estate of Singapore, Madrid and Tokyo for the year has risen in price by more than 10%, and the demand for it continues to grow, but in Dubai and London prices are declining following demand. In more detail about the forecasts for the elite real estate market of the EU for 2019, the general manager of the company International Luxury Property Expo …

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Top 5 myths about buying real estate and living in Dub...

Many property buyers in Dubai seem to be a city of contrasts. On the one hand, this is a megapolis, which literally walks ahead of the rest of the world, ambitious projects are being implemented here, investments from millionaires and billionaires flow here. Dubai really gives the impression of a “city of the future.” On the other hand, many investors have so many prejudices …

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Cost of living in the UAE

The United Arab Emirates attracts foreign specialists with tax breaks, and real estate investors with high quality buildings, superbly developed infrastructure and “status”. However, the cost of living in the most cosmopolitan country of the Middle East can hardly be called low. Budget features The monetary unit of the United Arab Emirates is the dirham (AED), which today is roughly equal to a quarter …

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Dubai property market: current information

The sharp decline in prices on the real estate market in Dubai over the last year makes potential buyers think about the expediency of investing in the purchase of housing in the emirate in the near future; The general situation, as well as the forecasts of international experts, show that such a decision can be quite justified. What’s happening? During the last year, the …

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Forecast for 2019: investments in luxury real estate i...

And the availability of real estate will provide a huge influx of new communities that are currently under construction. According to the latest data from the Dubai Land Department, in the emirate’s real estate sector, total investment has increased to USD14 billion year-on-year. Add to this the latest decisions of the Dubai government on granting long-term visas to property owners in the UAE, and …

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Property Taxes in Dubai

Dubai is considered a tax haven for property buyers – there are no taxes on the purchase of housing, the transfer of property and the receipt of income from the rental. Real estate taxes When buying property in Dubai, only the registration fee in the Land Department is paid in the amount of 2% of the property value, as well as the costs of …

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Property investment in Dubai – an opportunity fo...

nvestment in real estate can be profitable if the amount of income will cover the costs of maintaining the objects. In addition, the level of profitability should be higher than the size of inflation. These values ​​may vary in different states, but must be commensurate. The attractiveness of markets with investment positions For example, income from investments in real estate in London is only …

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In the UAE, residential real estate will not be subjec...

According to the explanation of the Federal Tax Service of the UAE, residential real estate, unlike commercial, will not be subject to VAT. The FTS note that residential buildings during the first three years after construction will not be subject to value added tax. For the first three years, all deliveries for these objects will fall under the preferential category. However, all commercial real …

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