New reporting requirements for real estate

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)