DUBAI / WAM Dubai Land Department (DLD), in cooperation with Property Finder, launched the fourth edition of Mo’asher, Dubai’s official sales price index. The base year for Mo’asher is 2012 and the base month for the monthly index is January 2012, with the base quarter for the quarterly index being Q1 2012. A strong momentum in June laid the foundation ...

DUBAI / WAM The Beit Al Khair Society announced that its overall spending in the first half of 2020 amounted to AED119.3 million which benefitted 24,618 vulnerable families and a total of three million people. Abdeen Taher Al Awadhi, Director General of society, stated that the second quarter witnessed progress in the types and value of aid provided by the ...

Abu Dhabi / WAM The Federal Tax Authority (FTA) clarified via a guide that Value Added Tax (VAT) is applied on e-commerce services (also known as “electronic commerce”, sometimes referred to as the “digital economy”) upon their actual use or enjoyment in the UAE. Users should note that although many of the general rules of VAT apply to e-commerce, there ...