VAT in UAE may bring better buyer payment plans

Developers will factor in VAT rebate and extend benefits

Dubai’s developers are likely to get even more generous with their offers as they compete to reduce the unsold stock on their books. And unlike in other sectors, the introduction of VAT (value added tax) is not going to impact on developer plans.

In fact, VAT could even be a marketing advantage with off-plan launches. “Introduction of VAT is likel