In another part of the country, a plan has approved the leg to use AI to form new laws, large rainwater infrastructure projects are being carried out, and Trump tariffs in the United States are affecting real estate investments in Dubai.
Put up a day with 10 of the greatest stories this week, selected by Arab business Editors
EAU announces a new fiscal rule
The EAU have announced new fiscal rules for companies.
As part of songs continue efforts to enhance transparency and enseure robust finalial reporting standards for business operating in the uae under the corporate tax regime, the ministry of finance has ISSUED AN UPDATED MINISTERIAL DECISION WHITE STATEMENT OR MONITORING STATEMENTS FOR THE PREPARATION STATE. For the preparation statements for the preparation statements for the preparation statements for the preparation statements for the preparation statements for the preparation statements in the preparation statements in the preparation statements in preparation preparation statements. Decree-Law No. 47 or 2022 on the taxes of corporations and companies (“Corporate Tax Law”).
The updated decision establishes clear requirements for fiscal groups to prepare audited financial statements. It will be required that all fiscal groups prepare added financial statements of special audited purpose. However, to mitigate the burden of compliance with fiscal groups and in line with the commitment of the EAU as a friendly business jurisdiction, the underlying members of the fiscal group must not prepare audited independent financial statements.
Vox Cinemas launches a new IMAX experience in Dubai with premium seats in the world’s first
Vox Cinemas, operated by Majid Al Futtaim, has presented what they describe as the most advanced IMAX Theater in Mall of the Emirates, with the first ōma Cinema® Podium POD teams, an IMAX auditorium.
The new cinema has an IMAXS 4K laser projection system with patented optical engine technology, which offers high -resolution images with a better brightness and contrast.
The next -generation IMAX sound system distributes audio uniformly through the personalized auditorium, the company said in a statement.
Dubai announces updates of rainfall infrastructure AED1.4bn
The Municipality of Dubai has awarded contracts worth AED 1,439 billion for four important projects to develop, rehabilitate and expand the Emirate stormwater drainage network, they announced this week.
The contracts are part of the ‘Tasreef’ project, described as the largest unified unified storm collection system in Dubai and the most efficient operational in the region.
These infrastructure developments are aligned with the directives of Sheikh Mohammed Bin Rashid al Maktoum, vice president and prime minister of the EAU and ruler of Dubai, to develop a strategic infrastructure prepared for the future, the Emirates news agency (WAM).
Trump tariff
The real estate players in the EAU could be thanking the president of the United States in secret, since it is projected that the real estate sector of the Gulf country will see an unexpected gain in the coming weeks and months, with the evil policy of Donald Trump and the ads of tariffs that send the US dollar to a tail tail, and the consequent fall in the value of Dirham foreign investments in the sector, the sector, the Russian, the Russian, the Russian and the India.
It is also expected that the growing proposal for the monetary value of the Gulf Country, which coincides with the changes of fiscal law not domicile in the United Kingdom, leads to a peak in the acquisitions of high -end properties of rich investors based in the United Kingdom in Dubai and other parts of the EAU.
With the Eau Dirham in the US dollar, the depreciation of the US currency also leads to a fall in its value.
Dubai Real Estate: Is it the right time to invest in the real estate market? Experts weigh
In the middle of Fresh Tariffs from the USA and a growing uncertainty of the global market, the real estate sector of Dubai continues to attract international investors with strong rental yields, a stable currency and a constant capital growth.
Record noise sales and two -digit price increases reflect the sustained demand, directed by global buyers, continuous to boost the Emirate as one of the most attractive real estate markets in the world.
Lewis Allsopp, president of AllSOPP & AllSOPP, said: “Yes, now it is a great opportunity to invest in real estate of Dubai. The history speaks for itself, with those who have foresee a consistent consistent ecodia and that it is a long -term ROI choice of an option that you see to the vision of the winter of the stenting of the neighbors of the winter.
Eau Papprove Plan to develop new laws with AI
The EAU will develop and monitor laws in the country using a new artificial intelligence system. Sheikh Mohammed Bin Rashid al Maktoum, vice president, prime minister and ruler of Dubai, announced the new legislative process after a meeting of the EAU cabinet in QASR al Watan, Abu Dhabi.
Duration The meeting, the EAU cabinet approved the launch of the first integrated regulatory intelligence ecosystem within the EAU government. This new system for the development of legislation and laws, which is the first of your child worldwide, is based on the most advanced artificial intelligence approaches and solutions, marking a first in intelligent governance.
The ecosystem introduces a proactive approach to legislative planning, which allows the Government to stay ahead of the rapid changes in geopolitical, economic, social and technological landscapes global.
Real estate tokenization: Dubai predicted see the market of $ 16 billion for digital fractional property
It is projected that Dubai’s historical initiative to start the title of ownership of the tokenized property creates a massive market owned by the digital fractional property of more than $ 16 billion in the Emirate in the coming years, which represents the experts of Sizeea, that experts or Arabtiusions.
The measure is also expected to increase even more investments abroad in the real estate sector of the city, especially in the residential segment, with token-token-token plates that attract international investors in large quantities, special investments, Europe and ASID.
The Dubai Land Department (DLD) announced the launch of a pilot project for Tokenise Title-Deeds in March this year, becoming the first land record in the Middle East to implement the tokenization of properties based on blockchain.
Dubai and Abu Dhabi appointed the best cities in the world for HNWI relocations thanks to fiscal rules and the quality of life
Dubai and Abu Dhabi are the best cities in the world so that people of high Networth move, according to Savills’s investigation.
The triumph of a fluid geopolitical and economic environment; Change of government policies, taxes and incentives; And the factors of quality of life increasingly influence which people of high net worth (HNWI) and foot -feet companies choose to locate themselves, Savills said.
The real estate consultancy launched the dynamic wealth rates of Savills to identify the cities that work well to attract and develop wealth and investment of individuals and companies.
The real estate sales of Dubai reached $ 38.7 billion in the first quarter; Larger neighborhood price increases and the best revealed ROI
Dubai’s real estate sector saw sales of more than AED142B ($ 38.7 billion) in Q1, according to Bayut statistical data analysis.
The data suggests a constant increase in properties prices in key areas, driven by a strong demand, constant inventory supply, and Dubai’s attraction to people of high network of networks attracted to their varied and favorable fiscal environment.
Bayut’s ideas have shown price increases for apartments and villas, with villas prices in Damac Hills registering the highest increases of up to 21 percent. For those looking for economic options, areas such as Dubai Residence Complex, Dubai Silicon Oasis, Damac Hills 2 and Dubailandia have been prominent options. Medium -level buyers have inclined to communities such as Jumeirah Village Circle, Business Bay, Al Furjan and Ref. On the luxury front, Dubai Marina, the city center, Arabian Ranches and Damac Hills have continued to attract Premium investors.
Majid al Futtaim de Dubai announces an important shopping center of $ 1.3 billion of the Emirates update
Majid Al Futtaim has announced an Aed5 billion investment ($ 1.3 billion) to transform the Emirates shopping center in what the company calls a “bare life style destination.”
The project, which coincides with the twentieth anniversary of the mall, aims to expand the retail space and introduce new well -being, cultural and gastronomic facilities. The transformation will add 20,000 square meters of commercial space, accommodation 100 new stores in luxury, fashion and lifestyle categories. AED1.1 billion has already been assigned to improvements in progress.
“Two decades ago, Mall of the Emirates set to New Benchmark for retail and entertainment in the region. Today, We’re Building on that legacy with a bold investment that redefines what a mall can be. People, and and Point, and and Doce, and eth.
