Starting November 28, thousands of Indians who own property or hold financial accounts abroad—including residents of the UAE—have begun receiving SMS and email messages from India’s Income Tax Department. The alerts remind eligible taxpayers to correctly report all foreign assets and income in their Indian tax return by December 31, 2025, or face significant penalties….
Dubai has unveiled a landmark commercial skyscraper named after Bollywood superstar Shah Rukh Khan. The 55-storey Shahrukhz Tower by Danube , located on Sheikh Zayed Road, is set to become a premium business and lifestyle destination in the heart of Dubai. Developed by Danube Group, the project features a life-size statue of Shah Rukh Khan in his…
Once a haven for high-net-worth elites, Dubai’s real estate market is now attracting India’s growing middle class, including salaried professionals and small business owners. With structured developer payment plans, lowered interest rates, and tax-free rental income, owning property in Dubai has shifted from a distant dream to a viable investment strategy. Compared to Indian metros,…
Indian property buyers have been cautioned against using international credit cards to make down payments on real estate abroad, as it could lead to legal and financial complications. Experts explained that under India’s Foreign Exchange Management Act (FEMA), property purchases abroad are classified as capital account transactions. However, international credit cards are permitted only for…
Looking for your dream home in India or planning your next big real estate investment? Don’t miss the UAE-India Property Show, happening this weekend at the Millennium Plaza Downtown Hotel on Sheikh Zayed Road. Organized by Gulf News, the two-day event brings together over 20 leading developers from India and the UAE, offering unbeatable deals,…
Buying property in India is a popular investment choice for Non-Resident Indians (NRIs), driven by emotional ties, favorable policies, and financial opportunities. However, navigating the process requires a good understanding of regulations, financing options, and tax implications. Here’s what NRIs should know before making a real estate purchase in India. 1. Understanding Regulations NRIs must…
Foreign investors and expatriates can now secure full ownership of properties in prime Dubai freehold areas such as Sheikh Zayed Road and Al Jaddaf. This opportunity offers benefits like direct title deeds, long-term investment potential, high rental yields, and access to financing options such as bank mortgages and developer payment plans. What Are Freehold Properties?Freehold…
Dubai has become a preferred destination for Indians investing in overseas property. In response to this trend, the Indian Income Tax Department is ramping up its efforts to track foreign assets owned by Indian residents. If you’re planning to purchase property in Dubai, here are nine critical tax obligations and compliance considerations highlighted by experts….