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DLD, Cityscape sign MoU

DLD Cityscape

Dubai Land Department (DLD) on Sunday announced a Memorandum of Understanding (MoU) with Informa Middle East, organiser of the region’s biggest property event, Cityscape. The agreement aims to focus its efforts on promoting Dubai as an attractive regional and international investment destination, and strengthening its position as a prime investment hub. It will also highlight…

Tax impact on tenants is more psychological

Vat on Tenants

The year began with the implementation of a landmark policy by the UAE government — the introduction of value-added tax (VAT) at a rate of 5 per cent. Halfway through the year, it bears reviewing to see how VAT has affected the real estate sector. The answer to that is — marginally. The issue of…

DLD deploys paperless pay service

DLD deploys paperless pay service

The Dubai Land Department (DLD) has expanded its payment channels to include the Apple Pay and Samsung Pay applications. The smart payment service was initially introduced last month and is now deployed at the department’s headquarters and all real estate registration trustee offices. “In light of the wide use of smart phones across our society,…

Dubai property owners have to adjust to higher FM rates

Dubai property owners have to adjust to higher FM rates

As peak summer is upon us, so too are the calls for the maintenance of the air-conditioning and the water tanks and the like. This is invariably the time of year when the domestic housing infrastructure comes under the most pressure. As properties age, this is also the time when avoidance of proper maintenance starts…