The Dubai Land Department (“DLD”) as the Emirate`s governing body overseeing property transfers now also allows for registration and execution of so-called deferred sale agreements. Such agreements describe a particular ownership transfer of real estate assets where the ultimate transfer of title remains pending until all deferred considerations as per the contract have been settled.
Starting from 1st. of January 2018 and in line with other GCC countries, the UAE is to implement a Value Added Tax (VAT) amounting to 5% on most goods and services.
This article is therefore aiming to highlight the regulations as far as they are relevant to a real estate investor and to identify possible repercussions that the changes hold for the market`s future evolution.