Year: 2014

Regulations and Standards on Sale of Used Cars in UAE

The strategic positioning of UAE has made it a world leader in the used car market. Despite stringent regulations on the vehicle age, the market continues to thrive well. In the city of Dubai alone, the used car showrooms total to more than 200 exhibitions. This market has grown so much that the municipality of Dubai had to construct an AED 65 million multistory structure for vehicle parking in Al kahor. Current Government Regulations on Sale of Used Cars in UAE Various regulations have affected the development of the used car market. One of them is the legislation that banned the importation of cars more than 5 years of age, which slashed off a sizeable section of the market. In terms of documentation while purchasing, the only documents required are the delivery order, copy of the bill of lading, and the inspection report. Export documentation of used cars involves; An export declaration, which is approved by a licensed operator given mandate by the licensing agency. An export permit issued by an approved body.  An authentic sale invoice showing the quantity, description and the total value of the vehicles. Goods clearing declaration; The authorities of the UAE have made the process of resale of used cars in Dubai very friendly to businessmen thus promoting the success of the used vehicle business. Importance of Enforcing Regulations and Standards of Used Cars...

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Reflections and Blend of Middle East and Modern Architectural and Style in International City

Buying a Property which has Exclusive Architectural Style Investing or renting a property in one of the top locations of Dubai is a matter of pride and luxury indeed. Dubai is obviously emerging to be one of the greatest locations which contain several illustrations to prove high time in construction. What is attractive about UAE Properties? Emirates is a world of many exciting things which one must visit in lifetime. However, when there is necessary to buy a UAE property there are some exclusive and spectacular locations from which investment made would undoubtedly bring back good returns. Top Locations of Property Preference International City in Dubai, Dubai Marina, TECOM, Downtown Dubai, Jumeirah Lake Tower are some of the posh locations where getting hold of property for rent in TECOM Dubai Marina would remain a dream come true. Rental possessions are also available with complete range of luxury facilities. International City in Dubai-Fantastic Construction Technique International City in Dubai is a location well known for its construction techniques. The whole concept is planned over 800 hectare of plot where multiple commercial and retail business activities are found. When it comes to residential features, country themed architecture of residential projects can found. Excellence of Middle East Architecture in International City Inspired by traditional Middle East architecture and by modern trends in construction, civil designers have planned various residential and commercial projects with diversified...

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Managing Tax Rules in Different Types of Properties in UAE

UAE Government and Tax Rules Tax on income varies from country to country. As far as UAE is concerned, tax rates are either meager or no tax at all for several walks of life. There are several areas where tax relaxation can be enjoyed by individuals as well as organizations. Even commercial taxes are found to be comparatively less in UAE than in other countries. More Tax Benefits for Individuals working in UAE Working people and residents of UAE and Dubai can enjoy huge advantage in buying residential properties if they buy resale property in Dubai. Except 2% of registration charge which they need to pay to incur the process there is no additional amount will be asked in the name of tax. Tax Limitations on Property in different parts of UAE Abu Dhabi 5 to 10% of tax will be charged on commercial property over the annual rent received by the owner. In Dubai 5 to 15% of tax will be charged in accordance with the income status of the tenant. Link between Rental Property Tax and Employment In Dubai rental property tax varies depending on different living circumstances and employment status. People working in banking sector and residing in Dubai have to bear 15% as tax from the annual rent. Common Tax for All residential Properties All kinds of residential properties in Emirates will be charged annual...

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Construction Excellence in Jumeirah Village Circle

The Scaling up of Real Estate Projects As entire hotspots of Dubai are witnessing the high rise of real estate, there has been a positive revert from investors. With community facilities are becoming important part of residential sites, location like property in Jumeirah Village Circle is witnessing a bright star. Villas, shops, business center are some of the bustling properties coming up. The Rise of Villas in the Property Every property for sale in Jumeirah Beach Residence has witnessed the rise in property rate. The best thing about such property is the greenery added in villas that are constructed across the beach residence. This certainly attracts buyers to invest on villas and other properties in the vicinity. The similar scenario is scene in location having property in International City, Villa Property in Jumeirah Lake Tower and few other properties. Newly Featured Amenities The best part of such construction is the high-end resident friendly facilities like central park, amphitheatre, waterways, supermarkets etc. All these facilities are provided in residential apartments villas built at the property in Palm Jumeirah and other property areas of Dubai. No More Wasteland Until few years back, various properties across Dubai were a wasteland. But once the real estate boom began it was a never looking back trend. Every apartment for sale in JLT, property sale in Downtown Dubai began witnessing rapid development. Building of Community...

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Which is your Best Place for Residing Sports City or Discovery Gardens, or Al Barsha?

To Reside with Low Rent but with Good Amenities While looking out for a property in sale, it is important to look for some good amenities under affordable rent. A property for sale in Discover Gardens will offer you with modern amenities and garden view. Moreover, location like Discover Gardens is close proximity to Dubai’s major business hub including Dubai Internet City, Dubai Media City, Ibn Battuta Mall will offer a great residing experience. Residing at the Property Hotspot Some of the hotspots for rental basis are Dubai Sports, Dubai Marina, Downtown Dubai, Al Barsha etc. are gaining momentum due to property rate, amenities and location. If there is a property for sale in Sports City, then investing there will surely be a worth investing for future profit. Dubai property market is increasing by 10-20 % year by year with new real estate development taking place rapidly. Availability of Sizeable Apartments Every apartment in hotspot locations of Dubai has sizeable rooms. Property in Dubai Marina like Al Sahab offers 1BR for sale having built-in wardrobes, laundry room and fully fitted kitchen. Moreover, the property is located near Dubai Marina Mall. With this sizeable apartment, buyer can stay at the exceptionally well reputed residential community. Rise in Rents of Residential Area There has been a rise in rents of residential areas like Dubai Marina, Jumeirah Village Circle, International City and...

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