property taxation

Direct taxation in Dubai is almost non-existent, and there are no withholding, income or capital taxes, or capital gains taxes either. Goods are purchased free of tax, which is part of the emirate’s attraction for shoppers across the world, and there are no property taxes in Dubai at present.

However, in recent years, there has been talk of introducing sales, property and other taxes, but this appears unlikely to happen for the foreseeable future.

As part of your worldwide income, depending on your country of residence, a second home or a holiday home in Dubai could be taxed by your country’s tax department, and this could possibly include any income derived from letting it. You might also be liable for other taxes, such as capital gains tax and inheritance tax, depending on your country’s tax regulations.

To assess any potential implications for your personal tax liability, it is prudent to seek the advice of a qualified professional.