Hello, everyone! We're here to provide some crucial insights on the recently released guidelines by the Identity and Citizenship-United Arab Emirates (ICP). This will particularly be of interest to our Dubai-based clients who have been staying abroad for extended periods. According to the ICP, Dubai residents with a Golden Visa are exempt from these requirements. For others, however, a permit will...
Dubai's thriving real estate market continues to set impressive records as it posted a remarkable AED2.7 billion ($735 million) in property transactions on Monday alone, as shown by the latest data released by Dubai's Land Department (DLD). This extraordinary figure is a testament to Dubai's resilient and vibrant real estate industry, underpinning its reputation as a global hub for property...
Are you itching for an investment venture in the City of Gold? Dreaming of a property with views of the Burj Khalifa, or a palatial villa overlooking the ocean? Well, dear readers, fasten your seat belts as we embark on a journey through Dubai's most desirable real estate communities. You're in for an intoxicating blend of statistics, opulence, and potential returns on investment (ROI) - everything a...
The UAE, known for its vibrant real estate market, has just seen a significant shift in its financial landscape. With the announcement of the new ministerial decision on May 17, 2023, there are updated regulations for tax liability in the UAE, and it's a major win for residents and investors alike. This strategic change, according to UAE Cabinet Decision No. (49) of 2023, clearly outlines that...
Dubai's real estate market continues its upward trajectory, reflecting a vibrant economy and a robust demand for high-quality residential properties. This article delves into the dynamics of Dubai's real estate market, focusing on property prices, rents, and the areas where they rose and fell in April 2023. According to a report by CBRE, the first four months of 2023 recorded a record-breaking...
A revolutionary change is set to transform the rental landscape in Dubai. A 'Rent Now, Pay Later' (RNPL) scheme announced by UAE-based start-up, Keyper, is set to enable tenants to spread their rent payments over 12 months using their credit cards. At Altitude Real Estate, we believe this is an exciting development that offers significant benefits for both landlords and tenants in Dubai. The 'Rent...
Altitude CBI & Residency made a strong impact at the prestigious Asia Outbound Summit Dubai held from May 3rd to 4th, 2023. The summit, which was attended by the industry's top brass, was a grand stage for insightful discussions about investment migration and succession planning, corporate structuring, and foreign direct investment. Navigating the Waves of Investment...
On May 6th, the United Kingdom witnessed a historic event as Prince Charles ascended the throne as King Charles III, accompanied by his wife, Camilla, now Queen Camilla. As a company that has built strong ties with the UK, Altitude CBI & Residency would like to extend its warmest congratulations to the new monarchs and highlight the significance of this momentous occasion. A New Era...
Dubai's housing market has been experiencing steady growth, driven by an economic rebound, higher energy prices, and a resurgence in trade and tourism. The market's upward trajectory, propelled by foreign investor demand, has left many wondering about its implications for first-time buyers and renters. In this article, we will explore the recent growth projections for Dubai's housing market, the factors...