The resumption of Dubai’s largest construction project – the expansion of Al Maktoum International Airport – is being considered. The goal of this project is to turn the airport into the largest in the world by 2050, capable of serving up to 250 million passengers annually. Al Maktoum is to become the largest airport in the world after its complete completion. The initial stage …
Introduction of a Tax System Impacting Expatriates in the UAE Starting from June 1st, a new tax system will be implemented in the United Arab Emirates (UAE), specifically targeting expatriates residing in the country. This tax reform aims to generate additional revenue for the government and promote economic growth. Expatriates are individuals who are living and working in the UAE but are not citizens …
The Ministry of Finance of the UAE has published a list of individuals and companies exempt from registration for paying corporate tax The Ministry of Finance of the United Arab Emirates has published a list of organizations that will be exempt from mandatory income tax. This list includes public organizations working in the field of religion, science, charity, education and culture. Organizations must comply …
July 28, 2022 Aldar Properties PJSC is buying four commercial towers valued at 4.3 billion dirhams ($1.2 billion) from Mubadala Investment Co., a deal it said was among the biggest real estate transactions in the United Arab Emirates. The agreement includes the four main office towers in Abu Dhabi Global Market, an international financial center based in the capital of the United Arab Emirates. …
He calls for all pending applications through the Sheikh Zayed Housing Programme to be completed President Sheikh Mohamed has ordered Dh2.3 billion of grant applications made to the Sheikh Zayed Housing Programme to be finalised. The move is in line with a long-standing vision to provide decent living conditions for Emiratis and enhance their quality of life and falls under the initiatives of the …
Lowering the Golden Visa’s minimum property investment to AED 2 million will attract significant new buyers and entrepreneurs, particularly to off-plan properties. The United Arab Emirates this week took the landmark decision to lower the investment threshold that, if crossed, would make investors eligible for a Golden Visa. AED 2 million of investment in the country’s property market will now prove enough for buyers …
Aldar’s plot will be developed into a leading mixed-use development, with villas and retail offerings spread throughout a nature-inspired residential community The plot will be developed into a leading mixed-use development, with villas and retail offerings spread throughout a nature-inspired residential community. ALDAR Properties (Aldar) has acquired 6.2 million m2 of land located on the east side of Saadiyat Island The acquisition significantly bolsters …
Recent days see back-to-back launches, including the Louvre homes from Aldar The back-to-back launches come as developers in Abu Dhabi realise there is still heavy pent-up demand for homes from end-users. Dubai: Abu Dhabi developers are coming out with new offplan projects thick and fast, with recent days seeing two massive residential community launches while Aldar introduced super-premium homes under the fabled ‘Louvre” brand …
Bloom Holding has announced Bloom Living, an all-inclusive, fully integrated community in Abu Dhabi. Located on 2.2 million square meters of land, the iconic gated community includes over 4,000 homes, including villas, townhouses, and apartments to meet the needs of residents of all generations. The architecture of Bloom Living is inspired by the rustic vibe of the Mediterranean and seamlessly incorporates traditional Spanish design …
Real estate development company, Bloom Holding, has announced the launch of Bloom Living, an all-inclusive community located in Abu Dhabi. Built over an area of 2.2 million sqm, the gated community will feature more than 4,000 homes, including villas, townhouses, and apartments . The project fuses traditional Spanish design with contemporary finishing’s with Phase 1 of the community named Cordoba after the Andalusian city. …
Bloom Holding, an Abu Dhabi-based real estate developer, has launched a Dh9 billion ($2.45bn) gated community in the capital to cater to growing demand for properties in the emirate. Bloom Living will feature more than 4,000 Spanish-style villas, townhouses and apartments surrounding a large lake. The first phase of the development, named Cordoba after the Andalusian city, is scheduled for completion in the UAE …
Project will be set on a man-made hill and will offer residents a variety of amenities Q Properties has launched the first phase of Reem Hills, a $2.2bn gated luxury community development that is taking shape in an exclusive location on Al Reem Island in Abu Dhabi. Reem Hills features a unique man-made hill and is designed to encourage its residents to indulge their …