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Understanding Tax on Real Estate Income in the UAE for Non-Residents

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Dubai has been a magnet for international real estate investment and if you’re one of those astute investors seeking to capitalize on the lucrative opportunities in the emirate, there’s a new tax rule you need to know about. In a recent announcement, the UAE Ministry of Finance has revealed that non-residents will now be required to pay a 9 percent tax on any income derived from real estate or other immovable property in the UAE. “Foreign companies and other overseas juridical persons will be subject to UAE corporate tax on income derived from immovable property located in the UAE,” the Ministry said in announcing Cabinet Decision No. 56 of 2023 for Federal Decree-Law No 47 of 2022. Properties held for both investment purposes and business operations are covered by the law. Tax exemptions The UAE Ministry of Finance also announced exemptions on income from immovable property, whether owned directly or through a trust, foundation or any other investment fund, would not be subject to thi...
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The Pros and Cons of Renting vs. Buying a Home in Dubai

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Thinking of settling in Dubai but still undecided whether to rent or buy a home? This guide breaks down the perks and pitfalls of each, helping you choose what’s best for your journey to your dream home in Dubai. Should you buy your own house or go the rental route? One of the great things about Dubai’s housing market is that there are plenty of choices from affordable, mid-range to luxury residences, catering to a wide range of budgets and preferences. For those who are undecided whether they should rent or buy, there are a few factors to consider. Both options have their advantages and disadvantages, and the decision will ultimately depend on your personal preferences, financial circumstances, and long-term goals. Renting in Dubai Renting is generally the more flexible route for those who are still figuring out their long-term plans. The best part about it is that there are plenty of choices across different price points and from different locations. Pros Upfront costs are lower: ...
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Revolutionizing Payment Management for Healthcare Customers

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Challenge : The Financial Services provider faced delays in partner onboarding due to custom data formats, escalating operational costs from growing partner ecosystem requirements, and data security concerns during information exchange. Our Solution:  Implementing an innovative wallet solution, we orchestrated seamless payment processes for healthcare practitioners. Key components included: Efficient Customer Onboarding: Facilitated seamless customer onboarding, encompassing limits and KYC document management. Integration with Stripe: Seamlessly integrated with Stripe for effective wallet balance management. Streamlined Payments: Enables secure payments from physical accounts to healthcare practitioners while ensuring wallet balance oversight. Dynamic Commission Handling: Managed practitioner-level commissions, calculating split payouts in real-time for the health startup.       Value Creation: Enhanced Customer Experience: The seamless payment solution revoluti...
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Open Water

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At Open Water, we believe the perfect scent is like an adventure—it should inspire, captivate, and leave a lasting impression. Our collection is designed to bring you waves of luxury, blending bold innovation with timeless elegance. From daring unisex blends to alluring classics for men and women, every fragrance tells a story. Dive in, spritz on, and let your journey begin — after all, the world is your ocean. Read More   
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Solid Feather Touch Black Polo T-shirt Collar With Pocket Men's

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Our Black Feather touch Polo T-shirt With Pocket for men is a perfect example of sustainable fashion. The t-shirt is crafted with high-performance, recycled plastic fabric that offers unmatched durability, lightweight design, and exceptional moisture-wicking properties. This makes it an ideal choice for both casual and rugged terrains. You can elevate your style with this amazing matte polo t-shirt in blue color that is both fashionable and eco-friendly. Highlights Color: Black Pattern: Solid 90% Rpet 10% spandex Recycles 12 PET bottles...............For More Details......... Visit
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Leading Global Bank Unlocks New Revenue Opportunities with DataNimbus FinHub

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  About the organization: The bank is a leading global financial organization that has been a trusted name in banking for over 300 years. Operating in several markets worldwide, it offers a broad spectrum of services, from personal banking to complex corporate deals, including escrow services. Business Opportunity: The bank’s escrow operations were largely manual, relying on Excel to manage complex deal flows, budgets, and payments. With growing deal volumes and evolving regulations, the bank aimed to streamline operations, enhance accuracy, and scale for complex escrow structures, including multi-party and milestone-based deals. Key priorities included optimizing workflows to reduce turnaround times, strengthening real-time tracking and compliance, and improving service delivery. The goal was to provide a seamless, transparent escrow process for corporate and institutional clients. DataNimbus Solution: Recognizing the need to streamline escrow operations and scale for complex deal...
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If you don’t drive, these are the best areas to live in Dubai

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If you’re one who prefers to live car-free and use public transport for whatever reason, Dubai has got you covered. Living in Dubai without owning a car is not only possible, for some people it might even be more convenient, especially if you choose the right location to call home. The city has one of the world’s most modern and transport systems, including buses, taxis, trains, trams, ferries, and soon an inter-emirate train service as well as futuristic transport services like the air taxi and hyperloop. Living a full life in Dubai is certainly not issue for those who choose to ditch the car. Here are some of the best places to live in Dubai if you choose not to drive. Sheikh Zayed Road As Dubai’s main artery, Sheikh Zayed is well-served multiple metro stations, e.g. World Trade Centre, Emirates Towers, DIFC, Dubai Mall, and Business Bay. If you work or travel often to Downtown, Business Bay or Financial Center, living in one of the many residential apartments along the highway will ...
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