Abu Dhabi to have affordable housing for low income earners

Abu Dhabi to have affordable housing for low income earners

Policy expected to finalized by year-end; segment targeted falls between blue collar workers and middle income category A major overhaul in housing development is being finalized in Abu Dhabi, with the emirate planning to introduce a new policy that will make building affordable houses mandatory in all new master developments, Emirates 24/7 can reveal. “The […]

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Dubai off-plan sales start to dwarf ready units

Dubai off-plan sales start to dwarf ready units

  Dubai: A gap is building up between off-plan transactions and those involving ready properties in Dubai, with the third quarter numbers further amplifying the difference. “Buyers have been attracted away from older second-hand properties with modern specification, lower price points, attractive payment plans and hoped-for appreciation during the pre-handover build period,” said Declan King, […]

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Value of property shares on UAE stock markets surges to Dh43.8bn in 9 months

Value of property shares on UAE stock markets surges to Dh43.8bn in 9 months

  The value of real estate shares traded on UAE stock markets during the first 9 months of 2017 amounted to AED43.8 billion, accounting for 34.6 percent of the total transactions conducted on the country’s two main bourses since the beginning of the year, which is estimated at AED126.6 billion. The growing trading share boasted […]

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VAT 1st January 2018 – How is property involved?

VAT 1st January 2018 – How is property involved?

  The VAT treatment of real estate will depend on whether it is a commercial or residential property. Supplies (including sales or leases) of commercial properties will be taxable at the standard VAT rate (i.e 5%). On the other hand, supplies of residential properties will generally be exempt from VAT. This will ensure that VAT […]

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Map, camera, train timetable, diary… and two rucksacks to carry them: The 50 items you would have to lug around to replace your smartphone

Map, camera, train timetable, diary… and two rucksacks to carry them: The 50 items you would have to lug around to replace your smartphone

    Without a smartphone you would have to carry equivalent of 50 different items Researchers estimate these would also have a combined weight of 75lb The items would cost £750 to buy individually – double a iPhone 7 handset  These vary from £1 for a newspaper to £500 for a high-quality digital camera  Some […]

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