Though, a first sale residential building after completion of construction or conversion is still exempted from it. UAE citizens building their own home will have to pay a 5 percent tax but will be able to eventually recover the money.
Where to invest? Dubai Marina is one of Dubai’s newest and richest district, entirely built from the human being since its foundations on a floating platform over eleven kilometers of seaside. Considered that most of Expo 2020 will develop next to it, this area will significantly grow in value. The waterfront combines ten distinct communities that accommodate a total of 100,000 residents.