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Living in the UAE is comparable to other major cities around the world. Accommodation is typically located in widespread central areas in high rise apartment buildings, villas (houses) and town houses. The buildings have recreational facilities, appliances and parking.
The table below provides a general guideline of two examples of median monthly cost of living estimates.
If Downtown Dubai is the community where you want to own a house, then be ready to pay a lot for maintenance of your unit. The average service charge in Downtown Dubai is Dh22.5 per square foot the highest among Dubai’s freehold communities.The least expensive community is International City, with average service charges of Dh6.5
The UAE government could diversify its revenues and strengthen its fiscal position by implementing not just a value-added tax (VAT) system, but also a special excise on cars and corporate income tax on all companies.
In an August 2015 report, the International Monetary Fund (IMF) said the UAE could generate extra revenues worth as much as 4.1 per cent of the non-hydrocarbon domestic product (GDP) by introducing a 15 per cent ad valorem tax on passenger vehicles and broadening the coverage of its corporate income tax scheme, aside from collecting a five per cent VAT. Read more
Parents are bracing themselves for another round of fee increases as schools reopen after the summer break at the end of this month. A total of 117 private schools will increase their fees after they received approval from the Knowledge and Human Development Authority (KHDA) earlier this year.
This fee increase has already been implemented in Indian schools from April. It will be implemented to the rest of the private schools in the emirate on August 30. Read more
