New homes in United Arab Emirates



General information of United Arab Emirates

The United Arab Emirates is a federation of emirates located on the Persian Gulf (Middle East), consisting of seven states with substantial political autonomy and economic justice. These emirates are: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain.

The main wealth of the UAE is the exploitation of oil and natural gas, accounting for 20% of its GDP, the third Gulf producer after Saudi Arabia and Iran.

To reduce the dependence of the UAE with oil production, the Government has shown much interest in promoting its tourist attractions, taking advantage of the warmth of its climate, developing coastal hotel industry and sports.

Interest in investment in the United Arab Emirates

The United Arab Emirates enjoys a prosperous economy, and business opportunities in the country are limitless. The reliability of the dirham U.S. currency is safe. It has a freely convertible and there are no limits or restrictions on benefits transfer.

Other advantages of investing in the UAE are:

• Import duties low, around 5%
• Cost competitive labor
• There are no corporate taxes, or about individuals
• There are 44 agreements in force double taxation and 32 bilateral investment treaties
• Strategic location and accessible to major regional markets

New homes real estate investment in United Arab Emirates

Real estate investment is an option that can yield big benefits. Since 2002 it has enabled foreign investors to purchase freehold properties and rent for a period of 99 years in specific complexes.

There are no income or property taxes, although taxes are for the renewal of residence visa.

Useful links

• News and information from the United Arab Emirates
• Abu Dhabi Chamber Of Commerce & Industry Web Site

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