Dubai Real Estate Market Record week
Dubai’s real estate sector achieved yet another landmark last week. Impressive 3.7 billion USD in property sales within a single week can become a new norm in Dubai. It was fuelled by transactions of high-value properties in prestigious areas such as Business Bay and Palm Jumeirah. Notably, 15.7 mil. USD sale of an apartment in the Dorchester…
UAE ‘Golden Package’ launched in Private Aviation
The UAE’s “Golden Package” introduced by the General Civil Aviation Authority (GCAA), provides significant advantages for pilots, private aircraft owners and aviation service providers. Key feature is that owners can independently operate and manage their aircrafts without reliance on an operator, considerably reducing of registration costs for private aircraft, offering owners greater flexibility and diverse operational options.…
Abu Dhabi is the World’s Wealthiest City
Abu Dhabi has been recognized as the world’s wealthiest city in terms of sovereign wealth funds (SWF).
Sustainable housing as a new trend in Dubai
The new trend is sustainable housing and sustainable real estate projects align with the Dubai Quality of Life Strategy 2033 which aims to enhance socio-economic development while prioritizing environmental sustainability.
Dubai will reduce work hours for some government entities
Dubai has launched the 'Our Flexible Summer' initiative as the pilot scheme to improve work-life balance, enhance workplace flexibility and increase work productivity in its government entities.
3 months deadline for the UAE Corporate Tax registration of new businesses (UAE Tax Series)
Following the introduction of the Corporate Income Tax (CIT) in the UAE in 2023, to register for CIT is the top priority nowadays as all businesses, regardless of whether they have a mainland, free zone or offshore license are required to register for the corporate tax.
World’s largest airport terminal: Al Maktoum International Airport
Dubai has unveiled plans for an impressive 35 billion USD construction project to build the world's largest airport terminal at Al Maktoum International Airport.
The UAE soars as a Top 3 Start-up Hub in 2024
Ambitious entrepreneurs from around the globe seeking to launch their new business in 2024 will be interested to learn that the UAE has been ranked as Top 3 global location out of 52 countries.
Dubai Imposes 20% Tax on Foreign Banks
Dubai has introduced a new law requiring foreign banks operating in the emirate, except those in the Dubai International Financial Centre (DIFC), to pay a 20% annual tax on their income.
Ramadan: A time of your spiritual growth, but also of unexpected opportunities for your business.
While focusing on your spiritual journey during this time of year, you might also discover it's a good time to grow your business and enrich the community.
