The United Arab Emirates (UAE) has experienced rapid economic growth in recent years, driven in part by a booming real estate sector and infrastructure development, contributing approximately 5.5% to the country GDP, with continued development and strategic initiatives, the sector is expected to expand further.
As the country continues to attract investors and professionals from around the world, the real estate industry is facing a new challenge in navigating the complex Value-Added Tax (VAT) regulations introduced in 2018.
The introduction of VAT in the UAE has driven businesses across sectors to adopt better compliance practices and enhance operational governance and accountability. To further refine the VAT framework, the UAE government has introduced numerous regulatory updates since 2018, with the most significant occurring in September 2024. This update comprised over 35 amendments to the UAE VAT Executive Regulations, aiming to provide greater clarity and align the system with global best practices
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