Real estate market actors in Dubai propose the removal of a 4% tax on property ownership registration and agents' commissions from the mortgage program operating in the banking sector.
"This is a significant step that will have a positive impact on the real estate market in Dubai," noted one of the analysts.
According to experts, this decision will help reduce the financial barrier for potential investors and buyers of real estate, as well as increase market activity and stimulate its growth.
"The cancellation of these taxes and commissions will make real estate transactions in Dubai more accessible to all interested parties, and this may lead to increased demand for housing," added another expert.
