The UAE will build an airlock for a global first space station around the Moon. In collaboration with NASA, the Mohammed bin Rashid Space Centre (MBRSC) will provide an airlock for Lunar Gateway. A UAE astronaut will fly to the lunar space station on a future Artemis mission. Lunar Gateway is planned to be: Support for Exploration and Research in Deep Space Home for Astronauts Staging Point...
Dubai Real Estate Market – 2023 Results Property Sales Compared to 2022: Total volume increased by 38% – 133,134 transactions Value rose by 56% – $112 billion Highest performance for a year ever recorded Existing properties' volume increased by 20.7% – 64,351 transactions Value rose by 46.8% – $68 billion Off-plan volume increased by 59.4% – 68,783 transactions Value rose by 39% –...
According to a consulting group, ValuStrat, average residential prices: – In Dubai rose by 5% to 7% – In Abu Dhabi rose by 3% to 5% In the next 3-4 months, the market will continue to be strong in terms of: Transactional Activity Price Appreciation Rental Increases New units are expected in the market next year, but demand will outstrip supply, supporting prices. Will be ready for...
The UAE Corporate Tax for Natural Persons The UAE's Federal Tax Authority has issued a new corporate tax guide. It is aimed to help natural persons (individuals), to determine whether they are subject to corporate tax. When Natural Persons are Subject to Corporate Tax – If their total annual Turnover derived from Business or Business Activities conducted in the UAE exceeds AED 1 million...
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