UAE: The VAT challenge
How UAE residents and property investors are dealing with the new tax regime. While the new value-added tax (VAT) does not directly affect residential property, the housing market will definitely feel the effects of the new tax regime. From the outset, the increase in prices of goods and services in the UAE will take its toll on the purchasing power of residents, which will of course impact their budget on housing.
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Source : UAE: The VAT challenge