New reporting requirements for real estate

New reporting requirements for real estate

  • News
  • New reporting requirements for real estate, the TOP 5 cities and the resumption of the Abu Dhabi → Moscow flight

New reporting requirements for real estate transactions have been issued by the UAE Government

It is necessary to report to the UAE Financial Intelligence Unit about:

  • Single or multiple cash payment(s) exceed $15,000
  • Payments that include the use of a virtual asset

Rules apply on individuals and corporate.

Dubai entered the TOP 5 cities in the world in terms of growth in the cost of premium housing

According to a study by the consulting agency Savills, which involved 30 cities around the world:

  • Prices for luxury real estate in Dubai increased by 4.7%
  • Dubai is the only non-US city in the TOP 5

UAE's national airline, Wizz Air Abu Dhabi has announced the resumption of the Abu Dhabi → Moscow flight

From October 3, 2022, flights will be operated daily. Prices – from $99 Tickets on sale on:

  • Official site
  • Airline's mobile app (App Store, Google Play)
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