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Komal Panjwani – Maple & Lane
https://mapleandlanedubai.com
Thu, 03 Sep 2026 12:50:45 +0000en-US
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1 https://wordpress.org/?v=7.1.2https://mapleandlanedubai.com/wp-content/uploads/2021/03/cropped-favicon-32x32.pngKomal Panjwani – Maple & Lane
https://mapleandlanedubai.com
3232Why Invest in Dubai Real Estate?
https://mapleandlanedubai.com/5-ways-to-make-your-space-feel-like-home-2-2/
https://mapleandlanedubai.com/5-ways-to-make-your-space-feel-like-home-2-2/#respondThu, 24 Jul 2025 12:37:30 +0000https://mapleandlanedubai.com/?p=5847
Here’s why investing in Dubai real estate continues to be one of the world’s top opportunities.
1. Tax-Free Investment Environment
Dubai offers zero income tax, capital gains tax, and property tax, allowing investors to retain full rental and capital appreciation profits. This is a major advantage over markets that levy multiple property-related taxes.
2. High Rental Yields & ROI
Properties in key areas deliver rental yields between 6% and 9%, significantly higher than cities like London or New York. These returns boost both cash flow and potential resale value.
3. Strong Economic Growth & Diversification
Powered by tourism, trade, logistics, finance, and technology, Dubai’s economy remains resilient and forward-focused. The World Bank forecasts UAE GDP to grow around 4.1% in 2025.
4. Thriving Tourism & Short-Term Rental Demand
Dubai welcomed over 9 million tourists in the first half of 2024, making it a hotspot for holiday or short-term rentals. High visitor volumes translate into strong occupancy and rental returns.
5. Fully Regulated & Transparent Market
Governed by bodies like RERA and the Dubai Land Department, Dubai ensures escrow protections, quality standards, and investor rights across transactions.
6. Full Ownership for Foreigners
International investors can own 100% freehold property in designated zones, with no requirement for local sponsorship.
7. Golden Visa Eligibility
Investing AED 2M+ in real estate qualifies for the 10‑year UAE Golden Visa, which provides long-term residency for investors and their families—without minimum stay obligations.
8. Strategic Global Location
Positioned at the crossroads of Europe, Asia, and Africa, Dubai offers connectivity to over 200 global destinations. Its infrastructure, airports, and ports make it a vital commercial hub.
9. World-Class Infrastructure & Amenities
From modern public transport and smart city initiatives to top-tier schools, hospitals, and luxury retail, Dubai stands out in lifestyle and connectivity.
10. Future Focused Mega Projects
Dubai’s ongoing developments—such as the Museum of the Future, MBR City, Expo 2020 legacy, and Dubai South—continue raising property values and long-term appeal.
Market Performance & Investor Confidence
In H1 2025, Dubai achieved $117 billion in real estate deals, driven by international investors and supportive regulations.
Population is steadily rising (~3.8M+ in early 2025), creating stronger demand for housing and rental properties.
Community sentiment highlights the unique profitability derived from Dubai’s tax-free investment model and high regulatory transparency.
Investor Snapshot
Feature
Benefit
Tax Policies
No income, capital gains, or property tax
Rental Yield
6% – 9% favorable returns compared globally
Ownership
Freehold ownership for foreigners
Residency
Golden Visa eligibility via property investment
Transparency
Regulated by RERA and DLD for investor protection
Infrastructure & Connectivity
Airports, metro, highways, schools, healthcare
Mega Development Projects
Dubai Creek, Expo 2020 legacy, AI infrastructure, and new growth zones
]]>https://mapleandlanedubai.com/5-ways-to-make-your-space-feel-like-home-2-2/feed/0DUBAI PROPERTY MARKET BOOMS IN 2025
https://mapleandlanedubai.com/5-ways-to-make-your-space-feel-like-home-2/
https://mapleandlanedubai.com/5-ways-to-make-your-space-feel-like-home-2/#respondMon, 10 Feb 2025 12:04:56 +0000https://mapleandlanedubai.com/?p=4678Dubai’s property market has experienced significant growth in 2024, with transaction volumes and values reaching record highs. In 2024, Dubai recorded 180,987 real estate transactions valued at AED 522.5 billion (approximately $142.3 billion), marking a 36.5% increase in volume and a 27.2% rise in value compared to the previous year.
The off-plan sector played a pivotal role in this surge, accounting for 60.5% of total transactions, with 109,527 deals valued at AED 228.03 billion (approximately $62.08 billion).
This trend reflects strong investor confidence in Dubai’s future developments.
Looking ahead to 2025, the market is expected to maintain its momentum, driven by several key factors:
Economic Policies and Regulations: Dubai’s implementation of investor-friendly policies, including allowing 100% foreign ownership of commercial companies outside free zones, is anticipated to boost investment in commercial real estate sectors such as offices and retail spaces.
Tourism and Short-Term Rentals: The city’s tourism sector continues to thrive, with a record 9.31 million visitors in the first half of 2024. This influx supports a robust short-term rental market, which is expected to remain strong into 2025.
Residential Market: The residential sector is projected to experience moderate price growth, particularly in mid-range properties. Prime residential values, including areas like Palm Jumeirah and Emirates Hills, have seen significant increases, and a more balanced growth is anticipated as supply aligns with demand.
Commercial Real Estate: The commercial real estate sector, especially office spaces, is poised for substantial growth. The demand for flexible office spaces is increasing, and the introduction of green office spaces to meet sustainability goals is attracting environmentally-conscious corporations
Luxury and Ultra-Luxury Segment: High-end properties continue to be a focal point, with the luxury property segment showing remarkable growth. Residential values across Dubai have risen significantly, with villas outperforming other sectors.
In summary, Dubai’s property market in 2025 is expected to continue its upward trajectory, supported by favorable economic policies, a thriving tourism sector, and sustained demand across various real estate segments.
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]]>https://mapleandlanedubai.com/gallery/feed/0Dubai real estate market to add 90,000 new homes in 2 years; fastest-growing areas revealed
https://mapleandlanedubai.com/5-ways-to-make-your-space-feel-like-home/
https://mapleandlanedubai.com/5-ways-to-make-your-space-feel-like-home/#respondTue, 22 Oct 2024 07:46:49 +0000http://estate.axiomthemes.com/?p=916Dubai’s growth is supported by a real estate pipeline expected to see 90,000 new homes enter market in next two yearsJumeirah Village Circle
The Dubai real estate sector is heading for another peak in 2024 and property sector growth is set to continue over the next two years, with a record 90,000 new homes set to enter the market.
Figures released by fäm Properties underline the market’s capacity to keep pace with demand, with 1,034 projects, adding up to a total of 288,020 units, currently under construction.
Meanwhile, the all-time high of 101,654 yearly launched units set in 2023 looks set to be eclipsed, with the total for 2024 currently standing at 99,779, and counting.
Dubai real estate supply
Speaking ahead of The Game Changers – Dubai Real Estate Summit taking place on Thursday, Firas Al Msaddi, CEO of fäm Properties, said: “The influx of new properties reflects Dubai’s robust commitment to expansion and growth.
“There are 41,800 new units set to enter the market in 2025, a record for a single year, rising to 48,400 in 2026. Meanwhile, the number of units delivered in 2027 and beyond will likely be driven by projects launched in 2025 onwards, pointing towards continued activity in the years to come.
“The market’s ability to keep up with demand is also shown by the consistency we’re seeing in the volume of yearly launched properties. The total soared by more than 81 per cent year on year in 2023, and that level is being matched this year”.
Taking place at the Coca Cola Arena on Thursday, The Game Changers – Dubai Real Estate Summit is designed to provide aspiring professionals with expert advice on succeeding in Dubai’s competitive real estate market.
Al Msaddi will share the stage with top US broker and reality TV star, Ryan Serhant, and Dr Mahmoud Al Burai, Dubai Land Department’s Senior Director, Real Estate Policies and Innovation, who will deliver insights on the future structure of the emirate’s property sector.
Al Msaddi said: “With the rapid growth that we’re seeing, real estate developers and contractors are facing increasing pressure to streamline their procurement processes.
“The sector is grappling with significant logistics challenges, including availability and lead times of delivery, rising shipping costs, and the looming threat of global and regional geopolitical risks that could disrupt major trade routes.
“Despite these challenges, real estate development management teams are working tirelessly to ensure that projects are delivered on time.”
The UAE city will see the launch of several new projects amounting to approximately AED300 billion within the next two years
The leading five Dubai areas in terms of units delivered so far this year are:
Al Merkadh: 4,052 units
Jumeirah Village Circle: 3,042
Jebel Ali First: 1,518
Wadi Al Safa 5: 1,273
Dubai Hills Estate: 1,212
The leading five areas in terms of future property supply are currently:
Jumeirah Village Circle: 29,174 units
Business Bay: 19,322
Dubai South: 17,925
Wadi Al Safa 5: 13,345
Dubai Marina: 12,960
]]>https://mapleandlanedubai.com/5-ways-to-make-your-space-feel-like-home/feed/0Maple & Lane Real Estate Brokers: Differentiating Through Proficiency, Passion, and Personal Touch – Komal Panjwani
https://mapleandlanedubai.com/https-uaetimes-ae-meet-komal-panjwani/
Thu, 15 Jun 2023 08:25:46 +0000https://mapleandlanedubai.com/?p=3560
Komal Panjwani is a successful entrepreneur and real estate professional based in Dubai, United Arab Emirates. Born and raised in Mumbai, India, Komal began her career in the travel and tourism industry, working for companies like Jet Air Tours, Virgin Atlantic Airways, and Arabian Adventures (a sister company of Emirates Airlines).
After working in the travel industry for nine years, Komal decided to venture into the real estate industry of Dubai. She started her career in real estate with Kensington Real Estate Brokers LLC, where she was appointed as a sales executive and worked her way up to becoming a senior sales consultant. In 2020, Komal founded her own firm, Maple and Lane Real Estate Brokers, which has become one of the most respected and successful real estate firms in Dubai.
Komal’s expertise and knowledge of the Dubai real estate market have helped her provide exceptional service to her clients. She is known for her attention to detail, her commitment to providing the best service possible, and her ability to navigate the complex and ever-changing real estate market in Dubai.
Outside of her professional life, Komal is a devoted wife and mother to a beautiful daughter. She is also a passionate advocate for women in business and is actively involved in mentoring and supporting other women entrepreneurs in the UAE. Learn more through our interview below.
Can you tell us about your journey in the real estate industry, highlighting key milestones and transitions that have shaped your career?
komal panjwani
My journey in the real estate industry in Dubai began in 2014. I started my career in real estate with Kensington Real Estate Brokers LLC, where I was appointed as a sales executive. I worked my way up to becoming a senior sales executive and gained valuable experience and knowledge of the Dubai real estate market.In 2020, I founded my own firm, Maple and Lane Real Estate Brokers. Over the years, I have helped many clients find their dream homes and make sound investments in the Dubai real estate market.
One of the key milestones in my career was when I was appointed as a senior sales executive at Kensington Real Estate Brokers LLC. This role allowed me to develop my leadership skills and mentor other sales executives in the company.
Komal Panjwani Receiving The “Top Performers For 2022” Award from Emaar, Master Developer in dxb
Another milestone was when I founded Maple and Lane Real Estate Brokers. Starting my own firm was a dream come true, and I am proud of what we have achieved over the years.
Throughout my career journey, I have faced many challenges and obstacles. However, I have always remained focused on providing exceptional service to my clients and staying up to date with the latest trends and developments in the Dubai real estate market.
How did your background in the travel and tourism industry influence your decision to enter the real estate sector? How have your previous experiences contributed to your success in this industry?
My background in the travel and tourism industry gave me a solid foundation in customer service and sales, which are essential skills in any industry. During my tenure in the Travel and tourism industry in Dubai, I noticed that the real estate market was booming, and I saw an opportunity to use my skills and experience to excel in this industry.
Komal Panjwani
I was attracted to the real estate industry because I saw it as a dynamic and challenging field with the potential for high rewards. I was also drawn to the fact that the real estate industry in Dubai is constantly evolving, with new projects and developments being announced regularly.
Furthermore, Dubai is a city that attracts a lot of expats, and there is a growing demand for high-quality real estate services. As someone who had experience working with international clients in the travel industry, I felt that I was well-suited to provide excellent service to clients from all over the world.
Overall, my background in the travel and tourism industry helped me develop the skills and mindset necessary to succeed in the real estate industry. It taught me the value of exceptional customer service, the importance of building strong relationships with clients, and the need to stay on top of industry trends and developments.
The real estate market is constantly evolving. How do you navigate challenges and stay ahead amidst changing market dynamics and technological advancements?
Navigating challenges and staying ahead of changing market dynamics and technological advancements is essential in any industry, especially in the real estate market. Here are some strategies that I use to stay ahead of the game:
#1. Continuous Learning: I make sure to stay up to date with the latest industry trends and developments by attending seminars, conferences, and webinars. I also read industry publications and engage with other industry professionals to stay informed.
#2. Technology: I leverage technology to streamline my processes and provide better service to my clients. This includes using CRM software, virtual property tours, and social media platforms to connect with clients and market properties.
#3. Adaptability: The real estate market is constantly evolving, and it’s important to be adaptable and open to change. I am always willing to try new things and adapt my strategies to fit changing market conditions.
#4. Strong Network: Building and maintaining a strong network of industry professionals is essential in the real estate market. I make sure to stay connected with other real estate professionals, including brokers, agents, and developers, to stay informed about market trends and opportunities.
#5. Customer Service: Finally, I believe that providing exceptional customer service is key to success in the real estate industry. By focusing on building strong relationships with my clients and providing personalized service, I am able to stay ahead of the competition and build a loyal client base.
By employing these strategies, I am able to navigate challenges and stay ahead of changing market dynamics and technological advancements in the real estate industry.
Maple & Lane has established a strong reputation in the industry. How do you ensure that your company remains adaptable to emerging trends and technologies to meet the evolving needs of your clients?
Maple & Lane Real Estate Brokers is a company founded on July 15th, 2020, with a strong foundation built on 10+ years of rich real estate experience. We have a deep acumen of the UAE market and adhere to core values such as high-quality standards, customer delight, and, most importantly, ethics and integrity. We strictly adhere to the regulatory framework governing the local property market. We pride ourselves on the long-term relationships we build with customers and partners. We offer a strong commitment to delivering exceptional service each time and provide comprehensive support throughout every stage of the property process. Our track record with customers, developers, and other professionals in the industry speaks for itself.
To ensure that our company remains adaptable to changes in technology and the evolving needs of our clients, we employ several strategies:
#1. Continuous Learning: We ensure that our team stays up to date with the latest industry trends and technological advancements by attending seminars, conferences, and webinars. We also provide regular training and development opportunities to our team members to help them stay ahead of the curve.
#2. Technology: We leverage technology to streamline our processes and provide better service to our clients. We use CRM software, virtual property tours, and social media platforms to connect with clients and market properties. We also regularly invest in new technologies that can help us better serve our clients.
#3. Customer Feedback: We rely on customer feedback to understand the evolving needs of our clients and adapt our services accordingly. We regularly seek feedback from our clients and use it to improve our services and offerings.
#4. Strong Network: We maintain a strong network of industry professionals, including brokers, agents, and developers, to stay informed about market trends and opportunities. This helps us remain adaptable to changes in the market and provide the best possible solutions to our clients.
What are your future plans and goals for both your personal career and the growth of Maple & Lane?
At Maple & Lane, our goal is to continue growing our business and expanding our reach in the Dubai real estate market. We plan to achieve this by consistently providing exceptional customer service, leveraging technology to improve our processes, and staying ahead of industry trends and developments.
Specifically, some of our future plans and goals include:
#1. Team Expansion: We aim to grow our team of real estate professionals to better serve our clients and broaden our market presence.
#2. Market Expansion: We intend to increase our presence in the Dubai real estate market by enhancing our marketing strategies and utilizing technology to reach a wider audience.
#3. Technology Enhancement: We plan to invest in new technologies that can assist us in serving our clients more effectively and improving our operational efficiency.
#4. Value-Added Services: We seek to expand our range of services to offer additional value to our clients, such as property management and investment consulting.
Overall, our goal is to continuously innovate and provide exceptional service to our clients while achieving growth and expansion in the Dubai real estate market.
What valuable lessons have you learned throughout your career?
Communication is key: Effective communication is crucial in any real estate transaction. It’s important to be clear and concise in your communication with clients, colleagues, and other stakeholders to avoid misunderstandings and ensure that everyone is on the same page.
Attention to detail: Real estate transactions involve a lot of paperwork and legal documents, so it’s important to pay attention to details and ensure that everything is accurate and in order.
Build relationships: Building strong relationships with clients and industry professionals is key to success in the real estate industry. This involves being genuine, trustworthy, and providing exceptional service to clients.
Continuous learning: The real estate industry is constantly evolving, so it’s important to stay up to date with the latest trends, technology, and regulations. This can be achieved through attending seminars, conferences, and other professional development opportunities.
Persistence and resilience: Real estate transactions can be complex and challenging, so it’s important to be persistent and resilient when faced with obstacles or setbacks. Success in the industry often requires perseverance and a positive attitude.
Overall, the real estate industry requires a combination of skills and qualities, including communication, attention to detail, relationship building, continuous learning, and persistence.
The real estate market is highly competitive. How do you differentiate your services from your competitors in the current market?
In the highly competitive real estate market, differentiation is key to staying ahead of the competition and attracting clients. Here are a few ways that real estate companies can differentiate their services from their competitors:
What differentiates us from others are the 3Ps – Proficiency, Passion, and giving it our Personal Touch.
We are focused on providing excellent sales, leasing, and property management services, as well as mortgage advising, in short, a complete one-stop solution. Honoring our values, which include integrity and transparency, we strive to build a trusting relationship with each customer.
#1. Focus on a niche: By specializing in a particular niche or market segment, real estate companies can differentiate themselves and offer unique expertise to clients. For example, a company that specializes in luxury properties or commercial real estate can set themselves apart from companies that offer a wider range of services.
#2. Provide exceptional customer service: Providing exceptional customer service can distinguish a real estate company from its competitors. This involves being responsive to client’s needs, providing timely and accurate information, and going above and beyond to ensure client satisfaction.
#3. Leverage technology: Leveraging technology can help real estate companies differentiate themselves and provide a more convenient and streamlined experience for clients. For example, using virtual tours, online scheduling tools, and chatbots can enhance the customer experience and set a company apart from its competitors.
#4. Build a strong brand: Building a strong brand can help real estate companies differentiate themselves and establish a reputation for quality and professionalism. This involves developing a clear brand identity, creating a consistent visual and messaging strategy, and effectively marketing the company to potential clients.
Overall, differentiation in the real estate market requires a combination of specialization, exceptional customer service, technology adoption, and brand building.
As the managing director of Maple & Lane, what strategies do you employ to build and maintain long-term relationships with your customers and partners?
Provide exceptional customer service: Providing exceptional customer service is crucial for building and maintaining long-term relationships with customers. This involves being responsive, transparent, and going above and beyond to meet their needs and expectations.
Communicate regularly: Communication is key to building and maintaining relationships with customers and partners. Regular communication helps to build trust and ensures that everyone is on the same page.
Be reliable and trustworthy: Reliability and trustworthiness are essential for building long-term relationships with customers and partners. This means following through on commitments, being transparent, and maintaining a high level of professionalism.
Offer value-added services: Offering value-added services can help build long-term relationships with customers. This includes services such as property management, investment consulting, and market analysis.
Build a strong brand: Building a strong brand is important for building and maintaining long-term relationships with customers and partners. This involves developing a clear brand identity, creating a consistent visual and messaging strategy, and effectively marketing the company to potential clients.
Overall, building and maintaining long-term relationships with customers and partners requires a combination of exceptional customer service, regular communication, reliability, value-added services, and a strong brand identity.
Would you like to say anything else to our viewers?
I would like to emphasize the importance of staying informed and educated about the real estate industry if you are a real estate professional or interested in investing in real estate. The industry is constantly evolving, and it’s crucial to stay up-to-date on the latest trends, regulations, and technology. Additionally, building and maintaining strong relationships with clients and industry professionals is key to success in the real estate industry. Finally, always prioritize honesty, integrity, and ethical behavior in all your business dealings.
]]>UAE Corporate Tax law widens scope, adds income from property for non-residents
https://mapleandlanedubai.com/uae-sets-impressive-example-of-efficient-handling-of-covid-19/
https://mapleandlanedubai.com/uae-sets-impressive-example-of-efficient-handling-of-covid-19/#respondMon, 10 May 2021 13:10:49 +0000https://mapleandlanedubai.com/?p=1821Real estate investment income won’t be taxed if it’s not a licensed business activity
Dubai: The UAE Ministry of Finance announced the issuance of a cabinet decision on a non-resident person’s nexus in the UAE for the purpose of corporate tax, on Monday.
According to the decision, foreign companies and other non-resident juridical persons will be subject to corporate tax on income derived from real estate and other immovable property located in the UAE and will be required to register for corporate tax purposes. This applies to both immovable property that is held or used in a business and immovable property that is held for investment purposes in the UAE.
Non-resident juridical persons with immovable property will be subject to corporate tax on a net-income basis. This allows for relevant expenditure that meets the conditions set out in the corporate tax law to be deducted when calculating taxable income.
Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, said: “The corporate tax treatment of income derived from UAE real estate and other immovable property by foreign juridical persons is in line with international best practice which stipulates that income derived from immovable property is taxable in the country in which such property is located.”
Real estate investment income earned from UAE immovable property owned by foreign or UAE resident individuals, either directly or through a trust, foundation or other vehicle that is treated as fiscally transparent for UAE corporate tax purposes, would generally not be subject to corporate tax provided it is not a licensed business activity. Further, real estate investment trusts and other qualifying investment funds may benefit from an exemption from corporate tax on income derived from the investment in UAE immovable property, provided that the relevant conditions are met.
The latest decision comes within the first week of the new tax law being implemented.
Recent announcements
Corporate tax for free zones
On June 1, the finance ministry announced two decisions on corporate tax for juridical persons operating out of free zones in the UAE — on determining qualifying income, and on qualifying and excluded activities.
According to Al Khoori, the Free Zone Corporate Tax regime is available to ‘Free Zone Persons’, which refers to a juridical person that is incorporated or otherwise formed or registered in a free zone.
The Free Zone Corporate Tax regime is applicable only within the prescribed areas of the free zones. Businesses can contact their free zone authority to confirm whether that free zone is eligible for the 0 per cent rate.
The Free Zone CT regime is intended to apply only to income derived from activities that are performed exclusively in or from within a free zone. This is reflected in the definition of ‘qualifying income’, which includes income derived from transactions with other free zone persons as well as domestic and foreign sourced income derived from conducting any of the ‘qualifying activities’.
The ‘qualifying activities’ include manufacturing of goods or materials; processing of goods or materials; holding of shares and other securities; ownership, management, and operation of ships; reinsurance services; fund management services; and wealth and investment management services.
They also include headquarter services to related parties; treasury and financing services to related parties; financing and leasing of aircraft, including engines and rotable components; logistics services; distribution in or from a designated zone that meets the relevant conditions, among others.
Income from certain specific ‘excluded activities’ will not be treated as ‘qualifying income’ regardless of whether the income is derived from a free zone person or as part of undertaking a ‘qualifying activity’. Subject to certain exceptions, this includes income derived from transactions, certain regulated financial services activities, intangible assets, and immovable property, other than transactions with free zone persons in relation to commercial immovable property located in a free zone.
Tax on intra-group transfers
On May 31, the ministry issued decisions on transfers within a qualifying group, on business restructuring relief, and on the general rules for determining taxable income.
The decision on transfers states that an entity must make an election in their tax return to apply for the relief and must comply with the associated record-keeping requirements. The election to apply the relief for transfers within a qualifying group is irrevocable and will apply to all future tax periods.
The decision also clarifies the implications of simultaneous asset or liability exchanges and the tax implications if the relief needs to be revoked because the relevant assets and liabilities or the relevant group companies leave the qualifying group within two years of the original transfer.
The decision on business restructuring relief clarifies the conditions under which business mergers and other restructuring transactions can be undertaken without triggering a corporate tax liability. This relief is available when a business or an independent part of a business is transferred or merged into another legal entity in exchange for shares or other ownership interests. Where the transferor makes an election to apply for the relief, no gain or loss needs to be included in the calculation of their taxable income.
The relief can also apply if the business is exchanged for shares and a limited amount of other consideration, such as cash, or when shares are received or issued by someone other than the transferor or the transferee as long as they are received or issued by an entity which owns the transferor or transferee, respectively.
The decisions also streamline the process of calculating taxable income for UAE businesses, setting out adjustments needed for the taxable income calculation, including recognising realised and unrealised gains or losses reported in financial statements.
Tax groups
On May 30, the ministry announced decisions on tax grouping, general interest deduction limitation rule, and unincorporated partnerships.
The decision on tax grouping clarifies the conditions under which UAE resident entities that are 95 per cent or more commonly owned can form or join a tax group and be treated as a single entity for corporate tax purposes. The parent company must own at least 95 per cent of the voting rights and shares in each UAE entity. Also, all members of the group must be considered UAE residents for corporate tax purposes.
Forming a group simplifies the calculation and reporting of taxable income by allowing the parent company to file a single tax return based on the aggregated taxable profit or loss of the group.
The general interest deduction limitation rule sets out the maximum cap of interest that can be deducted by businesses that are not banks, insurance providers or natural persons (individuals) undertaking a business or business activity in the UAE.
The net interest expenditure that can be deducted is capped at the higher of 30 per cent of adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA); or a safe harbour amount of Dh12 million. Tax groups with members who are banks and/or insurance providers must exclude these members’ income and expenditure when determining the 30 per cent EBITDA threshold.
Long-term infrastructure projects meeting relevant conditions will not face restrictions on interest expenditure deductibility. Furthermore, interest incurred on debt instruments entered into before the law was published to the general public on December 9, 2022 will not be subject to the limitation rule.
Transitional rules
On May 26, the ministry issued a decision on transitional rules for corporate tax, providing guidelines for adjusting a taxable person’s opening balance sheet under the tax law.
The decision applies to certain assets and liabilities, such as immovable property, intangible assets, financial assets, and financial liabilities, held by businesses before the corporate tax law comes into effect.
Businesses can adjust their tax treatment of such assets and liabilities based on specific rules and must decide how to do that when they submit their first tax return. Their choice would be permanent except in special circumstances. The decision also considers the ownership history of assets and liabilities, including those owned by the company or other members of the same business group.
Companies with immovable property recorded on a historical cost basis have an option to select the basis of the relief, using either a time apportionment method or valuation method.
For example, consider a company that owns a building or land before the effective date of the corporate tax law. Upon selling the property after the enactment of the law, the company can choose one of two methods for adjusting their taxable income: they can either exclude a portion of the gain based on the property’s holding period, or they can use a fixed formula based on the property’s value (as determined by the relevant government entities in charge of valuation of land and real-estate property in the UAE) at the start of the first tax period.
This move only taxes gains that are attributed to periods after the corporate tax law is effective.
Another possible scenario for financial assets and liabilities would be a local business that holds shares in another company recorded on a historical cost basis before the enactment of the tax law.
When this local business sells these shares after the law comes into effect, it can adjust its taxable income by excluding a portion of the gain based on the shares’ value at the start of the first tax period.
]]>https://mapleandlanedubai.com/uae-sets-impressive-example-of-efficient-handling-of-covid-19/feed/0Dubai’s real estate sales hit four-year high in April
https://mapleandlanedubai.com/making-the-most-of-your-small-space-with-multifunctional-furniture/
https://mapleandlanedubai.com/making-the-most-of-your-small-space-with-multifunctional-furniture/#respondWed, 09 Mar 2016 13:02:13 +0000http://estate.axiomthemes.com/?p=1008Last month saw six villa transactions worth over AED50m each, according to data from Property Finder
One of the major trends seen in April was in Mohammed bin Rashid City which saw the most transactions in a single community recorded.
Dubai’s real estate market witnessed the highest value of sales in April for over four years, with transactions totalling over AED10.97 billion, according to the latest figures from Property Finder.
The number of sales increased month-on-month by 4.2 percent and 0.6 percent in terms of value and brings the year-to-date total to 16,577 transactions worth AED36.12bn.
In April, 70 percent of the total transactions were up to AED2 million, while 23 percent were between AED2m to 5m, 4 percent were between AED5m to 10m and 3 percent above AED10m.
One of the major trends seen in April was in Mohammed bin Rashid City which saw the most transactions in a single community recorded. This was followed by Jumeirah Village Circle, accounting for 5.8 percent of all transactions and Dubai Marina with 5.6 percent.
In addition, Business Bay, which has dominated the top two spots for the most number of monthly sales in a community for the past year, fell from 7.2 percent of total transactions in a single month to 3.5 percent – falling from number one on the ranking to number 10.
“The dynamics in the residential real estate market in 2021 have been interesting thus far. In April alone, we have seen six villa transactions over AED50m, with one on the Palm recorded as the second highest villa transaction in 2021 worth AED105m,” according to Lynnette Abad Sacchetto, director of research & data.
“When looking at the mortgage transaction data, we have seen that April, March and January of 2021 had the highest number of monthly transactions since March 2010.”
In April 2021, 60 percent of all transactions were for secondary/ready properties and 40 percent were for off-plan properties. The off-plan market transacted 1,934 properties worth a total of AED3.09bn and the secondary market 2,898 properties worth AED 7.89bn.
Compared to March, the number of off-plan transactions last month increased by 12.9 percent, the highest in 14 months and the secondary/ready property transactions decreased for the first time in 11 months by 0.92 percent.
“In the past few months, we have seen the highest amount of off-plan transactions month-on-month since February 2020 as the off-plan sector seems to be picking up again. Developers are attracting foreign investors with attractive pricing schemes and capitalizing on the new visa regulations to attract foreign direct investment. ” according to Sacchetto.
In the villas/townhouses sector, 18.5 percent of all sales in April 2021 took place in Mohammed bin Rashid City, followed by Dubailand (10.3 percent), Dubai Hills Estate (9.4 percent), Rukan (5 percent) and Town Square (4.9 percent).
In terms of apartments, 8.5 percent of all sales transactions took place in Dubai Marina followed by Jumeirah Village Circle (8.4 percent), Jumeirah Lake Towers (7.6 percent), DownTown Dubai (7.3 percent) and Business Bay (5.4 percent).
]]>https://mapleandlanedubai.com/making-the-most-of-your-small-space-with-multifunctional-furniture/feed/0Dubai tapped to host Germany’s cancelled Oktoberfest, upsetting some traditionalists
https://mapleandlanedubai.com/how-to-infuse-your-space-with-natural-light/
https://mapleandlanedubai.com/how-to-infuse-your-space-with-natural-light/#respondWed, 09 Mar 2016 12:43:11 +0000http://estate.axiomthemes.com/?p=1004Germany’s Oktoberfest, which has been canceled for the second year due to the COVID-19 pandemic, is to be staged in Dubai, upsetting traditionalists.
Beer will be imported from Germany, along with authentic serving staff. “Baywatch” star Pamela Anderson, actor Steven Seagal, and politician and “Terminator” actor Arnold Schwarzenegger are reported to have been invited.
The Dubai event is being organized by Charles Blume, who oversees Berlin’s Christmas markets, and restaurant entrepreneur Dirk Ippen. It has raised some eyebrows because of Dubai’s conservative laws on drinking alcohol.
Speaking on Radio Charivari, a Munich radio station, Blume said permission had been given on the understanding that guests, who might be drunk, would be transported back to where they are staying in buses, to keep them out of sight.
In normal years, Oktoberfest would usually attract 6 million visitors to Munich’s festival grounds. It was due to be staged from Sept. 19 to Oct. 4, but Germany is still struggling with vaccinating its population, whereas the United Arab Emirates is at a more advanced stage.
]]>https://mapleandlanedubai.com/how-to-infuse-your-space-with-natural-light/feed/0UAE announces citizenship for investors, medical doctors, skilled professionals, scientists and talented people
https://mapleandlanedubai.com/2-easy-diy-projects-for-a-total-kitchen/
https://mapleandlanedubai.com/2-easy-diy-projects-for-a-total-kitchen/#respondWed, 17 Feb 2016 14:51:56 +0000http://estate.axiomthemes.com/?p=914The amendment to the law also includes the option to hold dual citizenship
Dubai – In a historic move, the UAE announced major changes to the citizenship law, to allow for the naturalisation of foreign investors, doctors, scientists, artists and talented people and their families.
The decision to give people with exceptional talents and their families the Emirati citizenship aims to embrace them as members of part of the UAE society, ensure the social stability of these people in the country and boost the overall national development process.
The decision specified the categories of the people who can be granted the citizenship, under certain conditions. In addition to granting the citizenship to the families- the spouse and children of this specialised and skilled segment, the law allows for them to also keep their current citizenship, which is a major change to the previous rule that doesn’t allow for dual citizenship.
Requirements
The law detailed the terms and conditions upon which the citizenship can be granted:
Investors: Must own a property in the UAE
Medical doctors and skilled professionals: Must be specialised in a unique scientific field that is needed by the UAE, have contributed to studies and research that have scientific value in their field, have 10 years of experience in that field in addition to a membership in a prestigious professional organisation in his field.
Scientists: Must be an active researcher in their field at a university, a research institute or the private sector, have 10 years of experience in that field, have scientific contributions- such as having won a prestigious scientific award, or having secured a significant funding for their research for 10 years, in addition to a recommendation letter from a credited scientific institute in the UAE.
Talented people:
Inventors: they must have had at least one patent certified by the UAE Ministry of Economy or any accredited relevant international body, which has a real value to the UAE economy, in addition to a recommendation letter from the UAE Ministry of Economy.
Intellectuals and artists: they must be pioneers in culture, arts and other talents with at least one international award in those talents in addition to a recommendation letter from the UAE relevant bodies.
]]>https://mapleandlanedubai.com/2-easy-diy-projects-for-a-total-kitchen/feed/0Dubai’s most expensive villa in 2021 sold for Dh111 million
https://mapleandlanedubai.com/the-pumpkin-carvers-lake-house/
https://mapleandlanedubai.com/the-pumpkin-carvers-lake-house/#respondWed, 17 Feb 2016 14:50:17 +0000http://estate.axiomthemes.com/?p=912The new custom modern contemporary villa – One100Palm – has been bought by a Swiss family from Monaco, who intend to keep the home as a luxury rental. The family’s name has been kept confidential.
The villa spans over 3-floors and has a built-up area of 14,000 sqft. It hosts five spacious VIP bedroom suites, with the master extended to 1,300sqft of space. It was listed for sale in June 2020.
Some of the highlights of the villa include Bentley & Minotti furniture decor by Louis Vuitton & Hermes; and three indoor/outdoor cinema lounges, including a rooftop outdoor cinema along with an infinity glass Jacuzzi with a pop-up TV.
The villa also serves as an art gallery – embellished with unique sculptures by Richard Orlinsky and Eero Arnio as well as paintings by Fidia Falaschetti & Scrapsculteres USA.