Limited supply and rush of new buyers, including from Russia, drive high-end sales in the first quarter
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The developer reported property sales of $1.182bln in the nine-month period
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Dubai notably ranked 11th in investment management, 15th in trading and 28th in financial technology.
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Over 90% of the top regional CEOs of global companies are based out of the UAE. The UAE also has a good diplomatic relationship with China, the US, and Europe. The country is home to over 4,000 Chinese companies.
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Selected supplies in sectors such as transportation, real estate, financial services will be completely exempt from VAT
The Federal Tax Authority (FTA) has announced the supplies that will be subject to Value Added Tax (VAT) as of January 1, 2018, revealing selected sectors that will be assigned zero-rated tax, such as education, healthcare, oil and gas, transportation and real estate.
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