BRICS Expansion: What UAE’s Membership Means for its Real Estate and Economy

The international financial and economic arena witnessed a significant shift with the recent expansion of the BRICS bloc. A group initially composed of Brazil, Russia, India, China, and South Africa now embraces the UAE, along with five other nations, signifying a more inclusive and holistic representation of global economies. For the United Arab Emirates, this invitation isn't just an acknowledgment of...

Understanding the New Updates for Dubai Residents Staying Abroad for Over Six Months

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...

UAE Tax Update: New Opportunities for Real Estate Investment

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...

Compare listings