What are the specific financial requirements and taxes for property developers in Dubai?

Developers must account for a 9% corporate tax and 5% VAT in their feasibility studies. Standard transaction and operational costs include 4% Dubai Land Department (DLD) fees, 2% broker commissions, and approximately 1% for marketing. Furthermore, l…

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Developers must account for a 9% corporate tax and 5% VAT in their feasibility studies. Standard transaction and operational costs include 4% Dubai Land Department (DLD) fees, 2% broker commissions, and approximately 1% for marketing. Furthermore, land prices have risen by 300% in the past three years.

This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.

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