Dubai has become more affordable for the UAE residents planning to buy property in the Emirate. There’s even more good news with the introduction of a five per cent value added tax (VAT). Find out how it may help you make your mind:
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Buying property:
Buying a home/land: No VAT
DLD registration and administrative fees: No VAT
Renting a home:
Renting a home: No VAT for annual contracts
Renting a home for less than 6 six months: 5% VAT
Commission to broker: 5% VAT
Ejari: No VAT
Moving and maintenance costs:
Moving services: 5% VAT
Home maintenance services: 5% VAT
Cleaning services: 5% VAT
Consumption and services:
DEWA: 5% VAT
District cooling: 5% VAT
TV & Internet: 5% VAT
Service charge: 5% VAT