VAT costs absorbed across City Walk Real Estate transactions for one month

VAT costs absorbed across City Walk Real Estate transactions for one month

07.02.2018: fäm Properties announces limited time offer waiving VAT on commission for all real estate deals at City Walk plus bearing DLD fees for new Building 18B

fäm Properties announces limited time offer waiving VAT on commission for all real estate deals at City Walk plus bearing DLD fees for new Building 18B



Caption:    To mark the launch of Building 18B in City Walk, fäm Properties has announced it will absorb VAT costs and DLD fees for a limited time


One of the UAE’s largest real estate brokerages has announced it will absorb the newly implemented 5% VAT on the commission of all real estate deals done at City Walk in Dubai from 15 February to 15 March.



To mark the launch of Building 18B in City Walk, fäm Properties will cover the VAT costs on the commission of all units sold and leased in the new destination developed and managed by Meraas in the heart of Jumeirah. 



Additionally, fäm Properties will bear the costs of the 4% Dubai Land Department registration fees specifically for Building 18B from 15 February until 2 March.



Commenting on the new deal, Firas Al Msaddi, CEO of fäm Properties said: “While we have welcomed the introduction of VAT to real estate transactions in the UAE in order to bring much needed transparency to the market, we do understand that such changes are often met with a phase of resistance.  This initiative has been designed to help bridge the market’s acceptance of VAT and to help investors manage this phase smoothly.



“Our decision to absorb VAT costs on the commission of all transactions in City Walk, as well as waiving the DLD registration fees for the new Building 18B, will offer major financial incentives to buyers who are considering investment opportunities at a time when current conditions can yield strong medium to long-term gains.”



Building 18B in City Walk is a six-storey residential and retail property, comprising one, two, three apartments and a four bedroom penthouse offering unique privacy as the only unit on the top floor, with retail space on the ground floor.
 


City Walk is the only freehold, modern, low rise development in Jumeirah with exclusive retail and entertainment components. The five-and six-storey pavilion-style City Walk Residences are complemented by many first-time shopping, entertainment, hospitality and wellness options.



The project will house signature hotels, more than 300 retail brands and a High Street Boulevard featuring boutiques, galleries, restaurants & cafés.



Added Msaddi:
“We were the first real estate company to start promoting City Walk to investors after Meraas launched sales, and we have channelled a great deal of capital investment under our control into the project because of its unique appeal.”



To date, fäm Properties has topped AED1.5 billion in residential property sales at City Walk and is using an 18-strong team of real estate advisors for all property management, leasing and sales requirements on site, while its engineering team is handling handover and snagging.



A technology-driven real estate company built around integrity and the highest ethical standards, fäm Properties sets out to redefine what investors, landlords and tenants in the UAE expect of real estate agents.  




Providing a full range of real estate services covering off-plan and ready sales, leasing and a real estate development consultancy, the agency also offers comprehensive technology-driven property management solutions.




Lindsay Johnston / Sean Muir - Total Communications Dubai - also photos

Permanent-URL: http://www.automobilsport.com/vat-costs-absorbed-city-walk-real-estatate-transactions---172411.html

07.02.2018 / MaP

Weitere Beiträge

Swiss medical tourism from Middle East feeling benefit from US policies affecting Muslims
07.02.2018
Leading Swiss healthcare group expects growing flow of patients from region as Arab travellers turn their backs on Americaphoto caption:    Nescens Clinique de Genolier, a luxury Swiss clinic dedicated exclusively to preventive medicine and anti-a weiter >>
UAE Ministry of Finance counts down to Finovate Middle East later this month
04.02.2018
Global fintech innovation showcase stops in Dubai on 26-27 FebruaryMore than 400 leaders in the industry of fintech will gather in Dubai this month to showcase innovation in their sector, highlighting the future of fintech for the globa weiter >>
Cabsat Content Congress 2018 sheds light on new trends in content consumption
16.01.2018
Partnerships and launches announced at CABSAT to shape the industry as a content powerhouse Caption:            Martin Gaiss, Former SVP Global Content, 20th Century Fox giving a presentation on Content Consumpt weiter >>
Investors should look deeper into Dubai real estate to exploit chances for medium, long-term gains
16.01.2018
fäm Properties chief says over supplied market offers great opportunities with prices at five-year lowCaption:    Firas Al Msaadi: “Today’s oversupplied property market weiter >>
Director General for UAE Space Agency hightlights Mars mission challenges at Cabsat 2018
15.01.2018
Caption:            His Excellency Dr Mohammed Nasser Al Ahbabi, Director General for the UAE Space Agency speaking at CABSAT, running until 16 January at weiter >>
HH Sheikh Hasher Bin Maktoum Al Maktoum opens CABSAT 2018 in Dubai
14.01.2018
Photo caption:  Sheikh Hasher Bin Maktoum Al Maktoum, Director General of Dubai's Department of Information officially opens CABSAT 2018, the Middle East & Africa’s largest cable, satellite and broadcast eventThree-day c weiter >>
CABSAT opens tomorrow in Dubai
13.01.2018
Online video revenues to grow over 22% annually until 2021 – EY reportCABSAT to host 1000s of brands and companies and over 13,000 media industry professionals Caption:    The 24th edition of CABSAT will run from 14-16 January 2018 at the DWTC weiter >>
ARTAR Real Estate Development keeps pace to meet Q2 2018 deadline for Mada Residences
03.01.2018
Mada Residences stays on track with construction milestones for 2017Photo caption:    Mada Residences on track to deliver a Q2 2018 handoverThe construction of Mada Residences, a luxury residential tower in Downtown Dubai, is weiter >>
Dubai Land Departments tours new District One community in Mohammed Bin Rashid Al Maktoum City
03.01.2018
Officials from the Dubai Land Department have taken a private VIP tour of the new Mohammed Bin Rashid Al Maktoum City – District One community.Sultan Butti bin Mejren, Director General of the Dubai Land Department, and H.E. Engineer Marwan bin G weiter >>
New tech-driven property management system is talk of the town in Dubai real eastate
03.01.2018
Transforming the way agents and landlords communicate, fäm Properties helps tenants find faster solutions for urgent maintenance issues A new tech-driven property management system conceived in Dubai will transform the way real weiter >>
CABSAT 2018: Middle East audiences crave premium Arabic content
20.12.2017
Big opportunities for content producers to be addressed at CABSAT 2018Caption:            Opportunities for content producers to be highlighted at CABSAT 2018’s Content Congress weiter >>
SIAL Middle East records business deals worth AED4.6 billion
19.12.2017
Al Qasemi honours participants in ADFCA’s ‘Year of Giving’ initiativeCaption:     SIAL Middle East records business deals worth AED4.6 billionOrganisers of SIAL Middle East have confirmed that deals worth weiter >>
UAE Announces the Activation of the International Road Transport System (TIR)
18.12.2017
The Automobile and Touring Club of UAE organized in collaboration with the Federal Customs Authority and the International Road Transport Union (IRU) the Activation of the TIR System in the country according to the federal law number 9 of 2011 and its Executive regulations with r weiter >>
VAT impact will attract global players to Dubai real estate market – Al Msaddi
18.12.2017
fäm Properties Chief says new level of transparency will encourage institutional investorsCaption:    Firas Al Msaddi: “VAT will increase transparency in real estate market”The introduction of Value Added Tax weiter >>
SIAL Middle East 2017 record 28% increase in visitors, AED3.3 billion worth of deals
14.12.2017
-  ADFCA affirms role as auditing body for safe food practices-   Jenaan pen deal to set up infrastructure to rear organic chickens in the UAEphoto caption:    SIAL Middle East par weiter >>
ADFCA and Department of Health raise the bar for healthy eating at SIAL Middle East
13.12.2017
Honours given to Abu Dhabi companies promoting healthy livingMiddle East Food Forum tackles key issues in food and beverage sectorThe winners of The Mercurys Awards announcedCaption:    Insti weiter >>
Mansour bin Zayed Al Nahyan opens SIAL Middle East 2017 Exhibition
12.12.2017
H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Chairman of the Abu Dhabi Food Control Authority, ADFCA, today officially opened SIAL Middle East 2017, the region’s fastest growing business trad weiter >>
UAE Ministry of Finance partners with Finovate Middle East
12.12.2017
....to drive innovation in Financial TechnologyPreview event calls for innovation, growth and investment in fintech in line with UAE Vision 2021 weiter >>
UAE Financial Markets Association introduces new initiative in line with Vision 2021
11.12.2017
....to boost Emirati national employment in financial sectorNew Emiratisation program launched to support nationalisation strategies in banking industryCaption:     Mohammed Al Hashemi, Chairman of the UAE Financial Mar weiter >>
Abu Dhabi Food Control Authority launches new "Year of Giving"
06.12.2017
.... Initiative for SIAL Middle-EastMore than 60% of SIAL Middle East exhibitors will take part in the Preservation of Grace InitiativeCaption:     Abu Dhabi Food Control Authority announces an initiative to donate foo weiter >>
Middle East & Africa TV market value to reach over $15 billion by 2021
04.12.2017
Key players at CABSAT to tap into one of the fastest growing global marketsCaption:    The Middle East & Africa TV market has forecast to reach over $15 billion by 2021The TV market outlook for Africa & the Middle weiter >>
Dubai Police Force and Meydan City Corporation celebrate 46th UAE National Day
30.11.2017
Dubai Police Force and Meydan City Corporation will organise a new one of a kind event to mark the upcoming 46th UAE National Day for staff and their families.Taking place at the Meydan Grandstand and The Meydan Hotel on Sunda weiter >>
CNH Industrial among the driving forces of industrial development in the Middle East
29.11.2017
The Company was invited to take part in the international conference organized by the World Association of Investment Promotion Agencies (WAIPA), held in Dubai, in the United Arab Emirates. A weiter >>
Four secret features to find when investing in real estate
28.11.2017
ARTAR Real Estate enhances living standards by addressing less apparent pitfalls in residential towersCaption:    Mada Residences: improving quality of life with features weiter >>
Exhibitors seek to expand their reach at SIAL Middle East 2017
25.11.2017
Organic, health-orientated food companies to carve out share of UAE market worth AED 154 millionAbu Dhabi Date Palm Exhibition opens door to on-site sales for publicsphoto caption:    SIAL Middle East will provide an ideal platform weiter >>
Dubai land transactions soar by AED30 billion over five years
25.11.2017
Business Bay a key area for more land development says fäm Properties chief after company secured AED700 million plot dealThe value of annual land sales in Dubai has r weiter >>
Dubai Municipality starts geotechnical investigation for Dubai Strategic Sewer Tunnel Project
21.11.2017
Multi-billion dirham project to construct more than 70km of tunnels as part of broader  development of modern city infrastructure geared to population growthCaption:    Dubai Municipality and engineering consultant Parsons have begun exploratory w weiter >>
Lack of transparency must be addressed to progress Middle East Financial Markets
21.11.2017
 ICA Conference in Dubai to discuss importance of GCC sovereign wealth funds photo caption:    Colin Ellis: “Greater transparency would bolster investor confidence” weiter >>
Financial Markets Conference Dubai challenges industry experts to brace for change
18.11.2017
 ICA Conference in Dubai to address the rise of populism in the West, the importance of GCC sovereign wealth funds and the sharing economyA leading economic macro analyst has called for a “Mini Marshall Plan” to help the Middle East push up economic growth and reduce dependency on commodities. weiter >>
© 2001-2017 copyright automobilsport.com