- The UAE real estate market is projected to reach nearly USD 700 billion by 2025, with residential real estate leading the sector.
- Real estate investment income is generally not taxable for UAE resident or non-resident individuals, except for short-term rentals, which require a trade license and are treated as taxable businesses.
- Transfer fees (e.g., 4% in Dubai) apply to all property transactions, typically paid by the buyer.
- Real estate investments made through corporations are subject to UAE Corporate Tax at 9% (on income above AED 375,000), unless the company qualifies as a Free Zone Person.
- The choice between individual and corporate ownership has significant tax implications and should be based on specific circumstances.
Source: alvarezandmarsal.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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