VAT on Commercial Property in the UAE: Complete Guide for Investors and Businesses
Key Highlights All commercial property sales and leases in the UAE are subject to 5% VAT, with specific exceptions for designated free zones and Transfer of Going Concern transactions. When buying commercial property from secondary market sellers, you must obtain a Payment Transaction Number (PTN) through the FTA portal before completing the property transfer with […]
Property Tax in the UAE: What Every Buyer, Owner, Tenant, and Investor Needs to Know
Key Highlights Unlike most countries, the UAE doesn’t impose yearly property taxes—you pay one-time transfer fees and ongoing service charges instead. Dubai charges 4% transfer fees (typically paid by the buyer), while Abu Dhabi charges 2% (usually split between buyer and seller). Tenants pay 5% of annual rent in Dubai, 3% in Abu Dhabi, and […]