As the UAE is implementing VAT wef 01.01.2018 it will have a slight impact in increase in property pricing with 5% VAT mainly on commercial properties.

Residential Properties:

Rent/ Lease – exempted – no input credit of VAT paid available.

Sale (first sale within 3 years from completion) – Zero Rated – input credit of VAT paid available.

Commercial Properties – 

Sale / Lease/ Rental of Commercial Properties will attract VAT @ 5%. Credit of Input VAT available.

Bare Land: exempted from VAT in the UAE

For Summary of VAT on Properties click to download file.

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Download VAT impact on Properties in the UAE

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Tax & Commercial Professional with 15 years of experience in Direct & Indirect Taxation, VAT, formulating Tax Planning Strategies, maximizing Tax Savings opportunities, driving Transfer Pricing Compliance, Business Restructuring, Mitigation of PE risk and setting up New Projects. View Full Profile

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