Dubai / WAM A total of 3,186 real estate transactions worth over AED 9.1 billion were conducted during the week ending December 9, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that 419 plots were sold for AED2.24 billion, while 2,233 apartments and villas were purchased for AED4.64 billion. The top three transactions ...

  Dubai / WAM The UAE issued Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and Businesses (the ‘corporate tax law’). Businesses will become subject to UAE corporate tax (corporate tax) from the beginning of their first financial year that starts on or after June 1, 2023. The UAE’s Corporate Tax regime will levy a standard rate of ...

  Abu Dhabi / WAM Etihad Airways has announced that it is reintroducing four of its A380s in the summer of 2023, following a surge in demand for air travel across the airline’s network and customer feedback. Mohammed Ali Al Shorafa, Chairman of Etihad Aviation Group, said, “It is wonderful to announce the return of this splendid aircraft. The A380’s ...