What are the specific tax and fee requirements for new property developers in Dubai?

Developers must now account for a 9% corporate tax and 5% VAT in their feasibility studies. Additionally, standard costs include 4% Dubai Land Department (DLD) fees, a 2% broker commission, and approximately 1% for marketing.

The full explanation

Developers must now account for a 9% corporate tax and 5% VAT in their feasibility studies. Additionally, standard costs include 4% Dubai Land Department (DLD) fees, a 2% broker commission, and approximately 1% for marketing.

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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