On the night of April 27, 2023, Altitude CBI & Residency had the great privilege of attending a Gala Dinner held in the dazzling city of Dubai. The exclusive event, graciously hosted by the Honorable Dickon Mitchell, Prime Minister of Grenada, proved to be a remarkable experience for everyone in attendance. As invited guests, we were truly honored to join in the celebration, which was marked by a...
Welcome to the luxurious world of Dubai real estate! As an expert in the industry, I am here to guide you through the major communities in Dubai, providing you with insights on average property prices for both villas and apartments, as well as discussing how prices have increased over the past five years. Furthermore, we will delve into the pros and cons of these communities and evaluate their investment...
Hey there! Dara here, and today we're diving into the world of Dubai real estate. If you're considering buying property in this bustling city, it's essential to be aware of the hidden fees that can catch you off guard. In this blog, we'll break down the top hidden costs you need to know before making a purchase. So, let's get started! Transfer Fees When buying property in...
As rental prices soar in Dubai, it's crucial for tenants to be aware of their rights and the regulations governing rent increases. At Altitude, we are here to provide clarity on rent increase rules in Dubai. We have reported a 36% increase in rental prices in Dubai in 2022, with a significant rise in tenants opting to renew their tenancies. Consequently, due to strong market conditions, landlords...
A New Budget Proposal Aims to Increase Tax Collection at Source (TCS) on International Remittances to 20%, Affecting Foreign Investments and the Tourism Sector In a recent financial budget proposal, the Indian government has suggested a substantial increase in Tax Collection at Source (TCS) on international remittances from the current 5% to 20% for amounts exceeding a specified limit. This change...
As we wrap up Q1 2023, it's time for us to examine the latest developments and trends in Dubai's real estate market. The first quarter of 2023 has proven to be quite eventful, with several significant occurrences shaping the industry's trajectory. Let's dive deep into the details, so you can make informed decisions for your investments and stay ahead of the curve. Market Performance Dubai's real...