VAT Regulations

Watch out for indirect VAT costs on property deals As per VAT regulations, developers enjoy a zero rate on all residential sales within three years of completion of a project. Those waiting for prices to bottom out will be wise to defer your decision no longer With value added tax (VAT) kicking in today, end-users in Dubai are confused whether to advance their property purchases or to continue paying...

VAT could impact property market in 2018, increase costs, JLL says Residential prices dipped in 2017, but Dubai off-plan sales rose to highest level since 2008 Off-plan residential sales in Dubai last year were at their highest level since the 2008 financial crisis, with their share of total transactions rising to 60 per cent in 2017 from 10 per cent in 2010. Sarah Dea / The National The...