Archive for May, 2008

VAT to be implemented in UAE 'next year'

Officials have said the UAE will get a VAT scheme in 2009, although no exact date has been set. Dubai Customs’ executive director Abdul Rahman Al Saleh said value added tax would arrive in 2009 and would strengthen the region’s economy.

Middle Eastern investors go for bite of Big Apple real estate

New York real estate is the new property investment route of choice for wealthy Middle Eastern speculators, according to reports.

Indian firm prepares to handover Dubai real estate project

One of India’s biggest real estate developers is set to handover a flagship residential project it has developed in a desirable Dubai area. Lokhandwala Infrastructure has finished and sold out the Lady Ratan Manor scheme, Indian Realty News reports.

Real estate show with Seven-star hotel investment opportunities

Highlights include resorts, theme parks, desert and hill stations, as well as five and seven-star hotels. Organiser Electro Med says investment will be spurred by the growth of tourist footfall in the Emirate expected to grow from 500,000 in 2007 to 2.5 million by 2012.