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...
Get Your Slice of the UAE Dream: Golden Visas, Swanky Villas, and Your Passport to Paradise Ladies and gentlemen, buckle up and prepare for takeoff! The real estate rocket in Dubai is soaring to new heights, and with the UAE Golden Visa on board, this journey has never looked more promising. Thanks to the Golden Visa program, you, our distinguished foreign investors, can bask in the sun-kissed...
Dubai's skyline is a testament to the power of human ingenuity and creativity. The city's architectural marvels not only capture the world's attention but also redefine the way we think about urban living. In this blog post, we'll delve into the fascinating world of Dubai's innovative architecture and explore how these awe-inspiring structures are shaping the city's lifestyle, fostering sustainability,...
The government of the Caribbean nation St. Kitts and Nevis has recently made it easier for UAE investors to obtain a second passport through the Citizenship by Investment Programme (CBI). The CBI program has undergone significant changes in recent years to better accommodate investors and promote sustainable growth within the island nation. New Regulations and...
Dubai is known around the world for its opulence and extravagance, and nowhere is this more evident than in the city's most exclusive neighborhoods. From stunning waterfront villas to towering skyscrapers, Dubai's luxury real estate options are some of the most desirable in the world. In this blog post, we'll take a closer look at some of the best neighborhoods in Dubai for luxury...
If you're thinking about moving to Dubai from North America, it's important to be prepared for the cultural differences that you'll encounter. While Dubai has many of the conveniences of a Western city, there are still some notable differences in daily life that can take some getting used to. Here are 10 key differences to know before you make the move: Work week: In Dubai, the...
Dubai’s real estate market has seen a significant amount of growth and change over the past year. In 2022, the market saw a surge in demand for residential and commercial properties, as well as an increase in prices. The residential sector saw a strong increase in demand, with the number of transactions rising by 8.3% compared to 2021. The commercial sector also saw a surge in demand, with the...
Buying a property is a significant investment, and it is essential to ensure that you are getting your money's worth. In Dubai, where the property market is constantly evolving, it is crucial to have a proper property valuation before making a purchase. A property valuation is the process of determining the value of a property based on various factors such as the location, condition, and market...