The tax depreciation deduction available will be the lower of the tax written down value of the investment property or four per cent of the original cost of investment property.
UAE: Ministry of Finance issues Ministerial Decision on Depreciation Adjustments for Investment Properties held at Fair Value
Under this decision, taxpayers (who elect for the realisation basis) can elect to deduct depreciation from their taxable income (hereafter known as ‘tax depreciation’) for investment properties that a …
Dubai Chambers launches Dubai Hub London
Dubai Chambers has announced the launch of Dubai Hub London, its first international centre, designed to offer integrated government and private sector …
Emirates has a budget airline and it’s rolling out new business class seats
EMIRATES has a budget airline most people don’t know about – and it is launching new business class seats flydubai connects Dubai with destinations around Europe, Africa and Southeast …
Dubai real estate: PRYPCO Mint tokenises $2.5m of property in first month
Licensed by VARA and partnered with the Dubai Land Department, PRYPCO Mint is transforming real estate investing through government-backed property tokenisation …
How an AI-Led fintech is empowering UAE SMEs with financial clarity
Fintech holds transformative potential for SME growth in the UAE — especially in a landscape where traditional financial systems often fall short.
UAE announces new tax benefits for fair value investment properties
UAE taxpayers who elect for the realisation basis can now deduct depreciation from their taxable income for investment properties maintained on a fair value basis …
Why Dubai and Bahrain’s luxury Islands are the new playground for India’s billionaires
Ultra-wealthy Indians are quietly acquiring private island properties in Dubai and Bahrain, drawn by freehold ownership, lifestyle privacy, and capital growth. Multi-million-dollar villas and plots in …
Framatome to supply nuclear fuel to UAE’s Barakah plant
Framatome and the Emirates Nuclear Energy Company have signed an agreement for the supply of nuclear fuel assemblies and engineering services for the Barakah nuclear power plant in the United Arab …
Beam Global and Platinum Group Leadership Attend Formal Signing Ceremony in Abu Dhabi to Create Beam Middle East LLC
Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that management …
UAE business leaders give AI green light for high-stakes business decisions
Business leaders and management executives in the UAE are showing unprecedented levels of trust in artificial intelligence (AI), with a significant majority expressing confidence in fully automated …
Dubai expands financial literacy drive to 75,000 students with young investor program
New phase of the Young Investor Program launched by KFE and National Bonds targets 50 private schools as part of Dubai’s Education Strategy 2033 Dubai is educating students in the importance of …
Dubai real estate: AMWAJ Development’s Starlight Park reaches 50% construction milestone in Meydan
Starlight Park includes four buildings containing 172 freehold apartments in one-, two-, and three-bedroom layouts. AMWAJ Development has announced that Starlight Park, its residential community in …
Dubai Finance, Dubai Chamber of Digital Economy to support Dubai Cashless Strategy
The agreement focuses on the strategy’s three key pillars of governance, innovation, and the transition towards a cashless society …
Salama partners with Policybazaar.ae to widen access to Life Takaful in UAE
The partnership, which went live earlier this month, is backed by educational content, dedicated product support, and a streamlined customer journey …
ThreatLocker grows Gulf footprint with key UAE and Qatar meetings
These engagements add to recent ThreatLocker participation in Middle East events in Bahrain, Saudi Arabia, Oman, and Kuwait …
UAE: Abu Dhabi Municipality wins 11 awards at Harvard Business Council International Awards in London
Abu Dhabi City Municipality secured 11 top honors at the 2025 Harvard Business Council Awards in London, marking its strongest performance yet across innovation, leadership, and smart city strategy.